
6- 24 Reid Drive, Mississauga
Streetsville · Investor guide
$690,000
Estimated Value
$825,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL HERITAGE REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
4
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,300/mo
Based on Streetsville neighbourhood rental data for 4-bed Condo Townhouse
Remarks
Discover this exceptional executive townhome offering approximately 2,050 sq. ft. above grade (as per MPAC) on a rare ravine lot overlooking the Credit River. Enjoy breathtaking views from the main floor, the primary suite, and the private third-floor terrace. Nestled in the heart of Streetsville, this home seamlessly blends urban convenience with the tranquility of nature. Just a short 7-minute walk to the GO Station, shops, restaurants, schools, and parks, the location offers outstanding accessibility for commuters and families alike. The bright, open-concept interior features soaring 10.5-foot ceilings, a custom-designed kitchen, four spacious bedrooms, and four modern bathrooms. Thoughtfully designed for both everyday living and entertaining, this home provides an abundance of functional and stylish living space. Step outside to your private backyard retreat or host family and friends on the spectacular third-floor terrace while taking in the serene ravine views. Premium features include stainless steel appliances, high-efficiency HVAC, an Ecobee smart thermostat, and durable composite decking on the upper terrace.Located just a 12-minute drive to the University of Toronto Mississauga campus, this is a rare opportunity to enjoy refined living in one of Streetsville's most sought-after, family-friendly communities. Tesla charger available for purchase separately. L-shaped sectional and concrete propane fire table on the upper terrace are also available.
MississaugaInvestor.ca
6- 24 Reid Drive
Condo Townhouse · 4bd/4ba · ~2,125 sqft
$690,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.79%
Monthly Cash Flow
-$1,571/mo
Estimated Rent
$3,300/mo
Cash-on-Cash
-12.46%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,300 |
| Mortgage | −$3,176 |
| Property Tax | −$483 |
| Insurance | −$225 |
| Condo Fee | −$822 |
| Vacancy (5%) | −$165 |
| Cash Flow | -$1,571/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,600 |
| Vacancy (5%) | −$1,980 |
| Property Tax | −$5,796 |
| Insurance | −$2,700 |
| Condo Fee | −$9,864 |
| Annual NOI | $19,260 |
| Cap Rate | 2.79% |
Cash Required to Close
| Down Payment (20%) | $138,000 |
| Ontario Land Transfer Tax | $10,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $151,275 |
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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