
2673 Thorn Lodge Drive, Mississauga
Sheridan · Investor guide
$1,349,999
Estimated Value
$1,249,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX SKYWAY REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
3
Days on Market
14
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Based on Sheridan neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
"Welcome to this exceptional corner-lot home in the highly sought-after Sheridan Homelands, offering over 2,500 sq. ft. of beautifully finished living space on an impressive 69 x 124 ft. lot. Freshly painted throughout and featuring updated light fixtures, this sun-filled 4-level sidesplit combines timeless charm with modern comfort in one of Mississauga's most desirable family neighbourhoods. The functional layout offers spacious principal rooms, an open-concept living and dining area, and a bright eat-in kitchen with a walkout to the backyard. The generous primary bedroom features convenient semi-ensuite access, while the expansive family room showcases a cozy wood-burning fireplace-perfect for relaxing evenings or entertaining family and friends. The finished lower level includes two additional bedrooms and offers excellent flexibility as a private in-law suite, guest accommodation, home office, or potential income-generating space. Step outside to your own backyard retreat, designed for year-round enjoyment. Enjoy summer days in the above-ground pool, unwind in the hot tub, relax under the gazebo, and take in the peaceful setting-all within the privacy of this oversized lot. Additional highlights include abundant storage, a double-car garage, and an extra-wide driveway with parking for three additional vehicles. Located in the heart of Sheridan Homelands, this home is within walking distance to top-rated schools, parks, playgrounds, and scenic walking trails. Enjoy quick access to Costco, shopping, restaurants, GO Transit, public transit, and major highways including the QEW, Hwy 403, and Hwy 407, making commuting throughout the GTA effortless. A rare opportunity to own a beautifully updated home on a premium corner lot in one of Mississauga's most established and family-friendly communities."
MississaugaInvestor.ca
2673 Thorn Lodge Drive
Detached · 6bd/3ba · ~1,300 sqft
$1,349,999
Cash-Flow Report · July 31, 2026
Cap Rate
3.4%
Monthly Cash Flow
-$2,386/mo
Estimated Rent
$6,445/mo
Cash-on-Cash
-9.66%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$6,445 |
| Mortgage | −$6,214 |
| Property Tax | −$945 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,125 |
| Vacancy (5%) | −$322 |
| Cash Flow | -$2,386/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$77,340 |
| Vacancy (5%) | −$3,867 |
| Property Tax | −$11,340 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,500 |
| Annual NOI | $45,933 |
| Cap Rate | 3.4% |
Cash Required to Close
| Down Payment (20%) | $269,999.8 |
| Ontario Land Transfer Tax | $23,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $296,474.8 |
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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