3289 Joan Drive, Mississauga
City Centre · Investor guide
$2,890,000
Estimated Value
$1,041,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by MIZONE REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
6
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,550/mo
Based on City Centre neighbourhood rental data for 6-bed Detached
Remarks
LEGAL DUPLEX. NEWLY BUILT, NEVER LIVED-IN. PEARL OF JOAN DRIVE MISSISSAUGA. LARGE FRONT AND CLASSY ELEVATION, SUPERB INTERIOR AND EXTERIOR DESIGN. HIGH VALUE KITCHEN WITH GAS COOKING RANGE. BREAKFAST AREA TO WALKOUT TO EASY-TO-MAINTAIN BACKYARD. SKY LIGHTS IN FOYER AND MASTER'S WASHROOM. TWO FURNACES, TWO HYDRO PANELS. EXTRAORDINARY FINISHES, TOP CLASS KITCHEN WITH TOP CLASS APPLIANCES. IDEAL LOCATION, NEAR TO COOKSVILLE GO STATION, NEAR TO SQUARE ONE, NEAR TO ALL HIGH STANDARD SCHOOLS AND NEAR TO BEAUTIFUL PARKS. DON'T LOOK FURTHER - PUT AN OFFER AND OWN IT. FURNITURE IS REMOVED.
MississaugaInvestor.ca
3289 Joan Drive
Detached · 6bd/6ba · ~2,750 sqft
$2,890,000
Cash-Flow Report · July 31, 2026
Cap Rate
-0.14%
Monthly Cash Flow
-$13,636/mo
Estimated Rent
$4,550/mo
Cash-on-Cash
-25.58%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,550 |
| Mortgage | −$13,302 |
| Property Tax | −$2,023 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$2,408 |
| Vacancy (5%) | −$228 |
| Cash Flow | -$13,636/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$54,600 |
| Vacancy (5%) | −$2,730 |
| Property Tax | −$24,276 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$28,900 |
| Annual NOI | $-4,006 |
| Cap Rate | -0.14% |
Cash Required to Close
| Down Payment (20%) | $578,000 |
| Ontario Land Transfer Tax | $58,725 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $639,725 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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