Meadowvale Homes Cost 30% Less Than the Mississauga Average. Here's the Full Picture
One of Canada's first master-planned communities is still one of Mississauga's best value plays: an average listing price near $822,000, about 30% below the city-wide figure, plus its own GO station on the Milton line. For families and commuters priced out of the south end, the math starts here.
About Meadowvale
Meadowvale, in Mississauga's northwest, was built in the 1970s as one of Canada's first fully master-planned communities — designed around interconnected parks, two man-made lakes (Aquitaine and Wabukayne), schools, and the Meadowvale Town Centre rather than assembled piecemeal. That planning legacy is exactly what makes it a value neighbourhood today: abundant townhouse and mid-density stock, mature tree cover, and its own GO station keep entry prices well below the south-end waterfront communities.
The average listing price sits near $822,000, roughly 30% below Mississauga’s $1,188,000, and homes sold over the preceding 56 days averaged $815,695 (Zolo, 14 September 2026). Townhouses list around $719,000 and condos around $477,000, giving first-time buyers and downsizers genuine entry points that barely exist in Port Credit or Lorne Park. Homes move in a median of about 33 days. For renters, the median one-bedroom is $2,274/month and the all-unit median $2,499/month on Zumper’s 14 September 2026 reading, $199 above the city average. That all-unit figure fell 7% from the 26 August reading, when it was the highest of the neighbourhoods we track, so treat any ranking of it as provisional.
Meadowvale by Housing Type
| Housing Type | Typical Price (2026) | Est. Property Tax / yr* | Best For |
|---|---|---|---|
| Condo apartment (avg listing) | ~$477,000 | ~$5,189 | First-time buyers, investors |
| Townhouse (avg listing) | ~$719,000 | ~$7,822 | Growing families, upsizers |
| Avg sale, all types (56 days) | ~$815,695 | ~$8,874 | 55 sales |
| Avg all listings | ~$822,000 | ~$8,943 | Neighbourhood benchmark |
*Illustrative property tax at the City's 2026 residential rate of 1.087901% (By-law 0061-2026) applied to the price shown. Actual bills use your MPAC assessed value, frozen at January 1, 2016 — so most Meadowvale homes are assessed below current market value. Estimate your real bill →
Where These Numbers Come From
Ward & representation
Meadowvale is in Ward 9, represented by Councillor Martin Reid (City of Mississauga, 2022–2026 term).GO station & tax rate
Meadowvale GO is on Metrolinx's Milton line; 2026 residential property tax rate 1.087901% (By-law 0061-2026).Prices & rents
~$822K average listing, $719K townhouse, $477K condo and $815,695 average sale (Zolo, read 14 September 2026), and the $2,274 1-BR median rent (Zumper, read 14 September 2026), are third-party market figures."−30%" benchmark
This is Zolo’s own comparison of Meadowvale’s average listing price with Mississauga’s ($1,188,000) on 14 September 2026. It moves month to month; treat it as a directional value indicator, not a precise constant.Meadowvale Reading
Renting in Mississauga in 2026
Where Meadowvale's $2,274 one-bedroom median fits on the citywide rent map, and which neighbourhoods still have deals.
🚉 CommuteGO Transit Commuter Cost Guide
What a Milton-line commute from Meadowvale GO actually costs in 2026 — passes, One Fare, and parking.
📊 MarketIs Mississauga Affordable?
The cost-of-living data behind Meadowvale's value case — and where the city's real affordability lines fall.
🛒 ConsumerCheapest Grocery Stores by Neighbourhood
The lowest-cost grocery options within reach of an L5N address, and how much the convenience gap costs.
Calculators for Meadowvale Residents
Rent Affordability Matcher
See the income you need to comfortably rent at Meadowvale's $2,274 one-bedroom median.
🚌 CommuteMiWay vs. Driving Calculator
Weigh Meadowvale's lower home price against its commute — transit vs. driving, all-in.
📊 Cost IndexCost of Living Index
Compare Meadowvale's full monthly cost picture against Churchill Meadows, Lisgar, and Erin Mills.
Financial Fast Facts — Meadowvale
- Postal code L5N; one of Canada's first master-planned communities (1970s), built around Lakes Aquitaine and Wabukayne
- Average listing price ~$822,000, about 30% below the Mississauga average listing; homes sold over the latest 56 days averaged ~$815,695 (Zolo, 14 September 2026)
- Townhouses list around ~$719,000 and condos ~$477,000, genuine entry points for first-time buyers
- Median ~26 days on market (Zolo, 2026)
- One-bedroom median rent $2,274/month and all-unit median $2,499/month on Zumper’s 14 September 2026 reading, $199 above the city average; the all-unit figure fell 7% from the 26 August reading and is flat year-over-year
- Meadowvale GO (Metrolinx Milton line) supports a lower-cost downtown-Toronto commute versus driving
- Ward 9 — Councillor Martin Reid; primary contact for zoning, park, and development questions
- 2026 residential property tax rate 1.087901% — bills use 2016-frozen MPAC values
- Served by Alectra (hydro) and Enbridge (gas); Meadowvale Town Centre anchors local retail and services
- Rent control applies to units first occupied before Nov 15, 2018 — much of Meadowvale's low-rise stock predates this
Correction · Corrected 14 September 2026. This page previously stated Meadowvale’s average listing price as about $905,000, 26% below the Mississauga average, with townhouses around $740,000, condos around $453,000, recent sales near $848,000 and a 26-day median time on market. On Zolo’s figures read 14 September 2026, homes list at an average of $822,000, 30% below the city’s $1,188,000 average listing; townhouses list around $719,000 and condos around $477,000; homes sold over the preceding 56 days averaged $815,695; and the median home took about 33 days to sell.
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Home and rent figures are third-party market estimates (Zolo, Rentals.ca, 2026) and change over time; verify current pricing before making any decision. Property tax figures are illustrative calculations based on published 2026 City of Mississauga rates. This page is general financial information, not legal, tax, or real estate advice. © 2026 MississaugaWallet.ca