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Meadowvale Village, Mississauga
$1,250,000
Welcome to 7176 Lantern Fly Hollow, a spacious detached home with a legal basement apartment in the highly sought-after Meadowvale Village community of Mississauga. Offering 3+1 bedrooms and 4 bathrooms, this well-appointed home features a functional layout designed for comfortable family living and entertaining. The open-concept living and dining area is enhanced by hardwood flooring and a cozy fireplace. The eat-in kitchen showcases granite countertops, stainless steel appliances, and a breakfast area with a walkout to the deck, perfect for outdoor dining and relaxation. A convenient powder room completes the main level. Upstairs, the primary bedroom features hardwood flooring, a walk-in closet, and a private 4-piece ensuite. Two additional bedrooms, both with hardwood flooring, and a second 4-piece bathroom provide ample space for family and guests. The finished legal basement with a separate side entrance offers excellent income potential or multigenerational living, featuring a spacious recreation room with an above-grade window, an additional bedroom, a 3-piece bathroom, a kitchen, and a separate laundry. An attached double-car garage and private driveway provide parking for up to five vehicles. Ideally situated near Mavis Road and Derry Road West, this home is close to top-rated schools, parks, shopping, public transit, major highways, and a wide range of everyday amenities. A fantastic opportunity to own a versatile family home in one of Mississauga's most established and desirable neighbourhoods.
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| Type | Detached |
| Style | 2-Storey |
| Approx. Age | Not available |
| Size | 1500-2000 sq. ft. |
| Property Tax | $7,267 |
| Lot Size | 32.02 ft x 112.01 ft |
| mls© Number | W14128292 |
| Listed By | RE/MAX OPTIMUM REALTY |
Listing History
- No recent sale history for this listing.
- No recent lease history for this listing.
Schools
Could you afford this home?
What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,398
- Property tax
- $606
- Heat allowance
- $150
- Housing costs
- $7,154 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$220,000
gross annual household income
- Payment at 4%
- $5,260 / mo
- Cash down
- $250,000
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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