Townhouses Under $700,000 in Mississauga
240 townhouses found in Mississauga. Average price: $615,230.
103 - 3040 CONSTITUTION BOULEVARD, Mississauga
164 - 85 BRISTOL ROAD E, Mississauga
The under-$700,000 range is where the Mississauga townhouse market really opens up, giving buyers access to well-regarded family neighbourhoods like Erin Mills, Churchill Meadows, and Lisgar. At this price point, three-bedroom freehold townhomes become a realistic option, along with larger condo townhouses that rival detached homes in livable space. Many properties in this bracket feature attached garages, private backyards, and finished basements that add functional square footage. Families are drawn to this segment because it pairs solid school catchments with manageable mortgage payments. Whether you are looking for a modern build in Churchill Meadows or an established townhome backing onto Erin Mills greenspace, the sub-$700K tier delivers a strong balance of space, location, and value.
Top Communities for Sub-$700K Townhouses
Churchill Meadows, one of Mississauga's newest residential communities, regularly features three-bedroom freehold townhouses near this price point. These homes were largely built in the 2000s and 2010s, offering open-concept layouts, modern kitchens, and energy-efficient construction. Lisgar, adjacent to Churchill Meadows, provides similar value with slightly larger lots in some developments. Erin Mills — both central and east sections — has a range of townhouse complexes from the 1980s through 2000s, many of which have been updated by owners over the years. Creditview, near Credit Valley Hospital, is another strong option with convenient highway access and a selection of mid-sized townhomes. Buyers looking east will find Sheridan and parts of Clarkson occasionally listing under $700K as well.
What You Get for Under $700K
At this price level, Mississauga townhouses typically offer 1,200 to 1,700 square feet across two or three storeys. Three bedrooms is the standard, with some units providing a fourth bedroom in a finished basement. An attached single-car garage is common in freehold properties, a meaningful upgrade from the surface parking found at lower price tiers. Many homes include a private backyard — small by detached-home standards, but large enough for a patio, barbecue, and children's play area. Interior finishes vary: newer builds in Churchill Meadows and Lisgar tend toward modern open layouts, while older Erin Mills townhomes may feature more traditional floor plans that some buyers prefer for their defined living spaces and larger individual rooms.
Market Trends at the Sub-$700K Level
The under-$700,000 townhouse segment in Mississauga has shown consistent demand over the past several years as detached home prices push more families toward attached housing. This price range sits at the intersection of affordability and liveability, attracting move-up buyers from condos as well as those downsizing from larger homes. Competition can be brisk, especially for well-maintained freehold properties near top-rated schools. Listings in Churchill Meadows and Erin Mills at this price often receive multiple offers within the first week. To improve your chances, get a pre-approval in hand, be prepared to move quickly on showings, and consider properties that need cosmetic work — a townhome with dated finishes but solid bones can be updated over time for less than the premium you would pay for a turnkey unit.
Current Market Snapshot
There are currently 240 townhouses matching this search in Mississauga, compared to 883 total townhouse listings across the city. The average asking price for these listings is $615,230, while the overall Mississauga average is $872,533. Listings are updated daily, so check back regularly for new properties.