1172 Chada Avenue, Mississauga
Erindale · Investor guide
$1,085,000
Estimated Value
$1,032,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP QUANTUM REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
18
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Based on Erindale neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
Welcome to 1172 Chada Avenue, a beautifully updated home in the highly sought-after Credit Woodlands community of Mississauga. Situated on a premium 50 x 120 ft lot, this move-in-ready property offers the perfect blend of style, comfort and functionality. Step inside to a bright, open-concept living and dining area featuring gleaming hardwood floors, pot lights and large windows that fill the space with natural light. The updated eat-in kitchen is designed for both everyday living and entertaining, complete with stainless steel appliances, granite counters and the added bonus of a spacious walk-in pantry. The upper level features three generously sized bedrooms, all with hardwood flooring, along with an oversized linen closet offering exceptional storage. The thoughtfully designed main bathroom is ideal for busy households, with a separate vanity area from the tub and toilet, allowing multiple family members to get ready at the same time. A separate side entrance provides easy access to the finished lower level, offering excellent in-law suite potential with a private 4th bedroom, spacious family room and full bathroom. The fully fenced backyard is an entertainer's dream, boasting an oversized deck that's perfect for summer BBQs, family gatherings and outdoor relaxation. An oversized driveway accommodates up to six vehicles, providing ample parking for family and guests. Located in the established and family-friendly Credit Woodlands neighbourhood, you'll enjoy proximity to the University of Toronto Mississauga campus, top-rated schools, beautiful parks and walking trails, Erindale Park, the Credit River, shopping, public transit and convenient access to major highways for an easy commute. This is a wonderful opportunity to own a beautifully updated home in an exceptional location.
MississaugaInvestor.ca
1172 Chada Avenue
Detached · 4bd/2ba · ~1,300 sqft
$1,085,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.89%
Monthly Cash Flow
-$2,380/mo
Estimated Rent
$4,740/mo
Cash-on-Cash
-11.99%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,740 |
| Mortgage | −$4,994 |
| Property Tax | −$760 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$904 |
| Vacancy (5%) | −$237 |
| Cash Flow | -$2,380/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$56,880 |
| Vacancy (5%) | −$2,844 |
| Property Tax | −$9,114 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,850 |
| Annual NOI | $31,372 |
| Cap Rate | 2.89% |
Cash Required to Close
| Down Payment (20%) | $217,000 |
| Ontario Land Transfer Tax | $18,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $238,175 |
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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