
837 Queensbridge Drive, Mississauga
Erindale · Investor guide
$1,198,000
Estimated Value
$1,325,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SMART SOLD REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
7
Bathrooms
6
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$4,750/mo
Based on Erindale neighbourhood rental data for 7-bed Detached
Remarks
Rare opportunity! This well-maintained home offers generous space, flexibility, and income potential in the highly desirable Creditview community. Featuring a carpet-free interior and fresh paint throughout, this move-in-ready property is ideal for large or multi-generational families. The main floor includes a spacious den that can easily serve as a living room, home office, or main-floor primary bedroom. Upstairs offers four generously sized bedrooms. The primary bedroom features a Jack-and-Jill ensuite with direct access to the second bedroom, while the remaining two bedrooms share a full bathroom. The finished basement offers exceptional versatility, featuring three bedrooms, each with its own private ensuite bathroom-ideal for extended family, multi-generational living, or rental income potential. A storage shed in the backyard provides additional space for tools and seasonal storage. Heat bump (2024), Main floor eavestrough (2026). Ideally located just minutes from Square One, Sheridan College, UTM, Mississauga City Hall, restaurants, hospitals, grocery stores, Hwy 403, public transit, and more. Rare opportunity for end-users, multi-generational families, and investors alike. Don't miss this exceptional property-a must-see!
MississaugaInvestor.ca
837 Queensbridge Drive
Detached · 7bd/6ba · ~2,250 sqft
$1,198,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.45%
Monthly Cash Flow
-$3,064/mo
Estimated Rent
$4,750/mo
Cash-on-Cash
-13.98%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,750 |
| Mortgage | −$5,514 |
| Property Tax | −$839 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$998 |
| Vacancy (5%) | −$238 |
| Cash Flow | -$3,064/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$57,000 |
| Vacancy (5%) | −$2,850 |
| Property Tax | −$10,063 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,980 |
| Annual NOI | $29,407 |
| Cap Rate | 2.45% |
Cash Required to Close
| Down Payment (20%) | $239,600 |
| Ontario Land Transfer Tax | $20,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $263,035 |
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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