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.