Looking for a home in Mississauga that doesn’t break the bank? Don’t worry—you still have great options.
Many people are now turning to affordable townhomes in Mississauga. And yes, you can still find townhomes under $800K in Mississauga in 2025.
Whether you’re a first-time buyer, downsizing, or investing, there’s something out there for you.
Let’s explore where you can still get great value and live in a nice area without going over budget.
Why $800K Townhomes Are Mississauga’s Sweet Spot?
Home prices in Mississauga have climbed significantly over the years. Today, the average detached home price is over $1.2 million (RE/MAX 2025), which is a big number for most people.
But here’s the good news: townhomes are much more affordable—and still spacious!
- You can save 50% or more compared to detached homes.
- Many townhomes have similar square footage, especially older or stacked ones.
Perfect for:
- First-time homebuyers just starting out
- Downsizers looking for less space but more convenience
- Investors wanting rental income in a growing area
Buying a townhome is a smart way to get into the market without overspending.
Homes in walkable areas are worth more. Learn how walkability impacts Mississauga home values and why living near shops, schools, and transit can help increase your property’s value.
Top 5 Mississauga Neighborhoods With Sub-$800K Townhomes
Let’s look at the best value neighborhoods in Mississauga, where you can still find cheap townhouses for sale in 2025. These areas offer good schools, transit access, and family-friendly vibes.
1. Churchill Meadows
Average Price: $750K
This area is very popular with families. You’ll find top-rated schools, clean streets, and lots of parks. Plus, it’s close to Highway 403, making commuting easier.
Watch This Complex: Mattamy’s Churchill Heights is a well-maintained development with good resale value.
2. Lisgar
Average Price: $790K
Lisgar is great for both families and young professionals. You’re only 10 minutes from Square One and close to the Lisgar GO Station.
There are also new transit plans coming, which will boost property values.
Example Listing: A 3-bedroom, 1,800 sq ft townhome within Lisgar GO.
3. Rathwood (Hidden Gem)
Average Price: $725K
This quiet and friendly neighborhood is a hidden gem. Many townhomes here come with large backyards, which is rare at this price point.
It’s a great spot for families, with many schools and parks nearby.
Bonus: You’re still close to central Mississauga without the central prices.
4. Meadowvale
Average Price: $760K
Meadowvale is full of green space, trails, and family vibes. You’ll love the nearby Lake Aquitaine Park, which gives the area a peaceful, natural feel.
Developer to Watch: Greenpark Homes is known for its spacious layouts and solid construction.
5. Cooksville
Average Price: $735K
Want something central? Cooksville is right in the heart of Mississauga. You’re close to everything—Port Credit, Square One, and the Cooksville GO Station.
Developer Example: Daniels Corporation is building new units with flexible payment plans in the area.
Explore new condos in Mississauga. These homes offer great locations and low maintenance, and are perfect for first-time buyers or young professionals.
What is the Average Price of a Townhouse in Mississauga?
As of early 2025, the average price of a townhouse in Mississauga is approximately $804,888 for condo townhouses and $992,000 for freehold townhouses. These prices can vary depending on location, size, and amenities.
You might be thinking: Are house prices dropping in Mississauga? Yes, house prices in Mississauga have been dropping recently. In December 2023, the average home price fell to $951,608, a 4.2% decrease from the previous month. This trend continued into early 2025, with prices declining further.
Know Current Market Trends as of June 2025
Let’s check out what’s happening in the market right now:
- 42 townhomes listed under $800K in Mississauga (TRREB)
- Average days on the market: 18
- (So you have time to think, but good listings go fast!)
- Price trend: Townhomes are up 3% year-over-year
- (Detached homes are up 9%, so townhomes are still more affordable.)
Townhomes are rising in value, but they’re still a smart buy, especially compared to detached houses.
Is it a good time to buy a house in Mississauga? Yes, with lower interest rates and more listings available, it’s a smart time for buyers to find good deals.
Essential Pro Tips for Home Buyers
Want the best deal on your future home? Keep these tips in mind:
- Look for pre-construction deals: Some developers still offer new townhomes between $650K–$750K. Daniels’ Heartland phase is a great example.
- Consider older units: You might need to spend $20K—$50K on renovations, but you’ll often get more space and lower prices.
- Watch out for high maintenance fees: Anything over $400/month can eat into your budget. Look for well-managed units with lower costs.
If you’re open to other options, check out Lakeview Village in Mississauga, a brand-new waterfront community with future growth potential.
Final Thoughts
Finding a townhome under $800K in Mississauga might be challenging, but it’s possible. Areas like Churchill Meadows, Lisgar, and Rathwood offer great homes at fair prices.
If you want to live in one of the best-value neighborhoods in Mississauga, now is the time to act. Inventory is still healthy, but prices are slowly rising.
Townhomes are perfect for people who want space, convenience, and affordability without spending over $800 K.
Wondering where to live? Compare Port Credit vs Streetsville: Best Lifestyle for Young Professionals. Find out which area has better nightlife, transit, and fun things to do after work.
Need help finding your perfect townhome? We’re here to guide you every step of the way. Reach out today to explore your options in affordable townhomes in Mississauga and make your move in 2025!
