$1,250,000
For sale: Detached

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.
Sold data
Homes in Meadowvale Village took a median of 26 days to sell over the last 90 days, with the quickest quarter selling within 16 days and the slowest quarter taking more than 51, across 42 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 72 days.
The median sale price was $952,500.
Homes sold for about 2.6% below asking on average, so there was room to negotiate.
About 17% of sales closed above the list price.
Around 12% of sellers reduced their price before finding a buyer.
Based on 42 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Mississauga (Meadowvale Village) has 131 Fraser Institute–rated schools (96 elementary and 35 secondary), averaging 6.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
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