
25- 2445 Homelands Drive, Mississauga
Sheridan · Investor guide
$689,500
Estimated Value
$681,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SPECIALISTS INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
18
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Based on Sheridan neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Fantastic 3 bedroom end unit townhome with thousands spent on upgrades and located in the family friendly neighbourhood of Sheridan Homelands. Premium location being situated at the end of a low traffic private lane way, convenient adjacent visitor parking, and a large side yard area. Spacious living/dining room area with gorgeous hardwood floors, walk-out to deck, patio area and a newly fully fenced yard. Renovated open concept kitchen with hardwood floors, quartz counter top with waterfall side, breakfast bar, soft closing cabinetry/drawers, ceramic backsplash, pot lighting, built-in wine rack, undermount sink, and stainless steel appliances. Modern updated 2 piece powder room with vessel sink and vanity with granite counter top. Primary bedroom retreat with 3 piece en-suite and his/her closets. Stunning hardwood floors throughout all bedrooms and an updated main 4 piece bathroom with granite vanity counter top. Newly finished basement with recreation area with pot lighting and broadloom, laminate in hallway, rare separate interior entrance to garage with slatwall storage and epoxy floor. Conveniently located close to schools, parks, trails, shopping, transit, highways, Clarkson Go Station, South Common Recreation Centre, tennis/pickleball, sports fields, and University of Toronto (UTM).
MississaugaInvestor.ca
25- 2445 Homelands Drive
Condo Townhouse · 3bd/3ba · ~1,300 sqft
$689,500
Cash-Flow Report · July 31, 2026
Cap Rate
2.81%
Monthly Cash Flow
-$1,562/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-12.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$3,174 |
| Property Tax | −$483 |
| Insurance | −$225 |
| Condo Fee | −$672 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$1,562/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$5,792 |
| Insurance | −$2,700 |
| Condo Fee | −$8,064 |
| Annual NOI | $19,354 |
| Cap Rate | 2.81% |
Cash Required to Close
| Down Payment (20%) | $137,900 |
| Ontario Land Transfer Tax | $10,265 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $151,165 |
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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