
2- 6855 Glen Erin Drive, Mississauga
Meadowvale · Investor guide
$624,900
Estimated Value
$626,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY ENTERPRISES INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
17
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,100/mo
Based on Meadowvale neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Welcome to The Treetops, a quiet enclave of treetop community living in the heart of Meadowvale. This thoughtfully updated three-bedroom, two-bathroom home offers a rare balance of comfort, function, and style, suited to growing families or those seeking a turnkey residence in one of Mississauga's most established neighbourhoods.The main floor is anchored by rich hardwood flooring and a fully renovated kitchen finished with quartz countertops and stainless steel appliances. Pot lights throughout create a warm, contemporary ambiance, while the living room's white-washed wood fireplace serves as a natural focal point. A walk-out extends the living space to the backyard, connecting seamlessly for effortless indoor-outdoor living.Upstairs, an oversized primary bedroom offers a peaceful retreat with a generous closet, complemented by two additional well-proportioned bedrooms and a bright, fully renovated bathroom finished with a clean, contemporary palette.The finished basement expands the home's footprint further, featuring its own pot lights, a versatile recreation room suited to a home theatre, gym, or office, and a second wood fireplace that adds warmth and character to the lower level. A private walk-out leads directly to a dedicated parking space, adding practical value rarely found at this price point.Set within a well-regarded pocket of Meadowvale, this home offers exceptional proximity to daily conveniences and major transit routes. Meadowvale GO Station and Meadowvale Town Centre are both a short drive away, along with Costco for everyday shopping. Lake Aquitaine offers scenic trails and outdoor recreation, while quick access to Highway 401 and 407 makes commuting across the GTA effortless.An updated home in a community defined by its mature charm and enduring appeal, offered for the first time in years. A genuine opportunity for buyers seeking move-in-ready comfort without compromise.
MississaugaInvestor.ca
2- 6855 Glen Erin Drive
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$624,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.9%
Monthly Cash Flow
-$1,366/mo
Estimated Rent
$3,100/mo
Cash-on-Cash
-11.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,100 |
| Mortgage | −$2,876 |
| Property Tax | −$437 |
| Insurance | −$225 |
| Condo Fee | −$773 |
| Vacancy (5%) | −$155 |
| Cash Flow | -$1,366/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,200 |
| Vacancy (5%) | −$1,860 |
| Property Tax | −$5,249 |
| Insurance | −$2,700 |
| Condo Fee | −$9,276 |
| Annual NOI | $18,115 |
| Cap Rate | 2.9% |
Cash Required to Close
| Down Payment (20%) | $124,980 |
| Ontario Land Transfer Tax | $8,973 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $136,953 |
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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