8- 6780 Formentera Avenue, Mississauga
Meadowvale · Investor guide
$599,000
Estimated Value
$696,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SPECIALISTS INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
2
Days on Market
7
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,700/mo
Based on Meadowvale neighbourhood rental data for 4-bed Condo Townhouse
Remarks
Bright And Beautifully Updated 3-bed 2 bath with Finished walkout basement Townhouse In The Desirable Meadowvale Community, Just Minutes From Meadowvale Go Station. This Home Features A Modern White Kitchen With Quartz Countertops And Stainless Steel Appliances, Along With Hardwood Flooring On Both The Main And Second Levels. The Living Room Boasts Soaring Ceilings And A Walkout To A Private Balcony-perfect For Enjoying Your Morning Coffee. The Home Also Offers Updated Washrooms And A Walkout Basement Leading To A Private Patio, Providing Multiple Outdoor Spaces For Relaxation And Entertaining. Upstairs, The Spacious Primary Bedroom Includes His-and-her Closets, Complemented By Two Additional Well-sized Bedrooms. Conveniently Located Within Walking Distance To Parks, Schools, Shopping, Scenic Trails, And Close To Major Highways For Easy Commuting. Family Friendly Neighborhood. A Must-see Home In A Prime Location! Stainless Steel Appliances: Refrigerator, Stove, Dishwasher. Washer & Dryer, Garage Door Opener. Heat Pump.
MississaugaInvestor.ca
8- 6780 Formentera Avenue
Condo Townhouse · 4bd/2ba · ~1,300 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
4.24%
Monthly Cash Flow
-$638/mo
Estimated Rent
$3,700/mo
Cash-on-Cash
-5.83%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,700 |
| Mortgage | −$2,757 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$752 |
| Vacancy (5%) | −$185 |
| Cash Flow | -$638/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,400 |
| Vacancy (5%) | −$2,220 |
| Property Tax | −$5,032 |
| Insurance | −$2,700 |
| Condo Fee | −$9,024 |
| Annual NOI | $25,424 |
| Cap Rate | 4.24% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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