6797 Formentera Avenue 75, Mississauga

$499,000
6797 Formentera Avenue 75

$499,000

New
7d
Condo TownhouseStacked Townhouse

6797 Formentera Avenue 75, Mississauga

Total Monthly Obligation $2,947

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
7d
Score
20
Yield
6.0%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.7%
Property Type-Condo Townhouse
MLS® Number-W14086978
Beds-2
Bathrooms-1
Size-900-999 sqft
Listed on site-Oct 16, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Age-31-50
Taxes-$2,969.96 (2026)
Maintenance-$486.68/mo
Locker-Exclusive
Parking-2 - Attached
Basement-None
Heating-Baseboard (Electric)
Brokerage-RIGHT AT HOME REALTY
Cooling-None
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Aluminum Siding, Brick
Possession-Immediate/Asap
Neighbourhood-Meadowvale
Title-Residential Condo & Other

No agent assigned

Check out Virtual Tour! Absolutely beautiful ground level townhome perfect for first time buyers or downsizing. Cute and cozy, this lovely home has been extensively renovated to reflect modern living with open concept floor plan layout. Brand new modern kitchen with lots of cabinet & counter space, quartz counter tops and backsplash, pot lights, high cabinets, large lazy suzy, spice rack and double garbage dispenser. Not to mention a huge centre island with breakfast bar and pot drawers. This amazing home features new laminate floors and high baseboards, new bathroom, new laundry room, new doors, smooth ceilings, and has been freshly painted in a Benjamin Moore warm tone. Enjoy summer bbqs and relaxation and entertain in the lovely private fenced garden with beautiful perennials and sunny exposure. Good sized bedrooms with plenty of closet space and big windows providing natural light. Convenient laundry ensuite with brand new front load washer and dryer and a handy laundry sink. Garage provides interior access to the unit and private storage space for those extra items. Newer windows, garage door to be replaced soon (as per condo corp). Convenient location, walking distance to Meadowvale Town Center/public transit/Metro grocery store/LCBO/Shoppers Drug Mart/banks/restaurants, etc.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,947/mo
Mortgage $2,013
Monthly Loss $2,417
Principal$530
Interest$1,483
Property Tax$247
Condo Fees$487
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-7.9%1
5-Year IRR
9.6%33
10-Year IRR
10.4%
Returns Index
17.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$29,904/yr
NOI
$15,703/yr
Net Cash Flow
-$704/mo
Cash Margin
-28.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo55
Risk Index
27.2/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 6797 Formentera Avenue 75

Time

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