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    6777 Formentera Avenue Townhomes

    6777 Formentera Avenue & 6797 Formentera Avenue

    2for Sale
    0for Rent
    © OpenStreetMap
    map of location

    Building Details

    Property Type:
    Townhouse
    Number of Storeys:
    2
    Number of Units:
    103
    Condo Completion:
    1977
    Condo Demand:
    High
    Unit Size Range:
    880 - 1,381 SQFT
    Unit Availability:
    Low
    Property Management:

    Listing History for 6777 Formentera Avenue Townhomes

    Amenities

    Indoor Parking
    Visitor Parking
    BBQ

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 6777 Formentera Avenue6777 Formentera Avenue Townhomes

    6777 Formentera Avenue Townhomes stands 2 storeys tall at 6797 Formentera Avenue, 6777 Formentera Avenue and contains 103 units. This Peel Region condo was completed in 1977 by a developer. Suite sizes range from 880 square feet to 1381 square feet.

    This condo has a Walk Score of 78 and a high demand ranking, based on Strata.ca’s analytics.

    The Suites

    On average, units at 6797 Formentera Avenue, 6777 Formentera Avenue sell -0.92% below the list price, and units have a low chance of receiving multiple offers (aka a “bidding war”). The average cost per-square-foot in the condo (based on past 12 months of sales) is $528 and units sell with 25 days on market on average. Over the past 12 months, 7 have sold and 1 has have been rented here.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Cora, Tim Hortons and Bento Sushi are all within 6 minutes walking distance from 6797 Formentera Avenue, 6777 Formentera Avenue. Need caffeine to open your eyes in the morning? No worries, McDonald's, Rouzana and Afandina Cafe have you covered...

    Grocery shopping is never a chore with stores such as Rabba, Metro and Rabba Fine Foods in the area.

    Getting some fresh air is a breeze when you live at 6797 Formentera Avenue, 6777 Formentera Avenue because excellent green spaces like Hunter's Green and Maplewood Park are walkable in under 11 minutes.

    Those who love to shop will appreciate all the options nearby with Dollar Store, Aquitaine Plaza and Meadowvale Town Centre just 8 minutes from here.

    If you're open to commuting, a quick transit ride offers even more options, including Meadowvale Secondary School, Peel Alternative School West and West Credit Secondary School.

    Transportation

    If you commute by public transit then the Meadowvale West neighbourhood is a great choice, as you’ll find the Meadowvale Town Centre Bus Terminal Platform J light transit stop makes it easy to get around.

    If you’re interested in checking out other similar condos within walking distance, you might like 6780 Formentera Avenue, 2929 Aquitaine Avenue and 6720 Glen Erin Drive.

    2

    Listings For Sale

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    0

    Listings For Rent

    Interested in receiving new listings for rent?

    Nearby Amenities

    7/10
    Walkability
    You’re in stride with amenities—most of your needs are just a playlist away.
    6/10
    Transit
    Getting more reliable. You might even snag a seat on the morning commute!
    5/10
    Bikeability
    You'll have a love-hate relationship with your gears. Mostly hate.

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    16,764
    Average Individual Income
    $66,161
    Average Household Size
    2 persons
    Average Age
    42
    Average Household Income
    $112,187
    Dominant Housing Type
    Semi Detached
    Population By Age
    Household Income
    Housing Types & Tenancy
    Semi Detached
    37%
    Detached
    31%
    High Rise Apartment
    18%
    Low Rise Apartment
    7%
    Duplex
    4%
    Marital Status
    Commute
    Languages (Primary Language)
    Other
    90%
    Spanish
    2%
    Mandarin
    2%
    Cantonese
    2%
    Portuguese
    1%
    Tagalog
    1%
    Hindi
    1%
    Urdu
    1%
    Education
    University and Above
    31%
    High School
    29%
    College
    17%
    None
    14%
    Apprenticeship
    3%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    26%
    Architecture & Engineering
    18%
    Health & Related Fields
    13%
    Social Sciences
    12%
    Math & Computer Sciences
    6%
    Education
    5%
    Physical Sciences
    4%
    Personal, Protective & Transportation Services
    3%
    Humanities
    3%
    Visual & Performing Arts
    3%

    Price Trends

    Days on Strata

    Units at 6777 Formentera Avenue Townhomes spend an average of
    25
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers

    Turnover of Units

    On average, each unit is owned for
    15.6
    YEARS before being sold again

    Property Value

    -3%
    Decrease in property value within the past twelve months

    Price Ranking

    22nd
    Highest price per SQFT out of 46 condos in the Meadowvale West area

    Sold Units

    7
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value Rank

    6777 Formentera Avenue Townhomes offers the
    ?
    best value out of 46 condos in the Meadowvale West neighbourhood

    Appreciation Rank

    6777 Formentera Avenue Townhomes has the
    ?
    highest ROI out of 46 condos in the Meadowvale West neighbourhood

    Rental Yield

    6777 Formentera Avenue Townhomes yields the
    ?
    highest rent prices out of 46 condos in the Meadowvale West neighbourhood

    High Demand

    6777 Formentera Avenue Townhomes is the
    ?
    most popular building out of 46 condos in the Meadowvale West neighbourhood

    Transaction Insights at 6777 Formentera Avenue

    2 Bed3 Bed3 Bed + Den
    Price Range$639,000$645,000 - $773,000$781,000
    Avg. Cost Per Sqft$501$589$614
    Avg. Wait for Unit Availability191 Days52 Days2955 Days
    Ratio of Units in Building14%83%4%

    Maintenance Fees

    6777 Formentera Avenue Townhomes vs The Meadowvale West Area

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