
8- 24 REID Drive, Mississauga
Streetsville · Investor guide
$799,900
Estimated Value
$825,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
4
Days on Market
14
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
Wake up to breathtaking year-round ravine and water views from your private terrace in one of Streetsville's most extensively renovated townhomes. If you've been searching for a truly move-in-ready home where the major upgrades are already complete, this is the one worth seeing. Unlike many townhomes where costly updates still lie ahead, every major renovation has already been completed. Recent improvements include brand-new energy-efficient windows and doors (2025), high-efficiency HVAC system (2025); a beautifully renovated kitchen (2025) and bathrooms (2026), new flooring (2026), new oak staircase (2026), smooth ceilings, modern lighting (2026), fresh paint (2026), rebuilt deck and terrace featuring sleek glass railings and an upgraded walk-out patio door (2026); , finished basement (2026), updated trim and baseboards (2026), new garage door (2025); new roof (summer 2026!), premium appliances (2025), and a Tesla EV charger included! Located just minutes from the charming Village of Streetsville, you'll enjoy convenient access to top-rated schools, parks, scenic walking trails, shopping, cafés, restaurants, Streetsville GO Station, Credit Valley Hospital, and major highways. Added peace of mind for future owners and carefree living. The monthly maintenance fee provides exceptional value by covering building insurance, water, exterior building maintenance, landscaping, snow removal, common area maintenance, healthy reserve fund. Beautifully renovated. Exceptionally maintained. Rarely offered. This is more than just a home-it's a lifestyle you'll look forward to. Flexible closing available. Immediate possession may be accommodated.
MississaugaInvestor.ca
8- 24 REID Drive
Condo Townhouse · 4bd/4ba · ~1,900 sqft
$799,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.29%
Monthly Cash Flow
-$2,154/mo
Estimated Rent
$3,300/mo
Cash-on-Cash
-14.73%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,300 |
| Mortgage | −$3,682 |
| Property Tax | −$560 |
| Insurance | −$225 |
| Condo Fee | −$822 |
| Vacancy (5%) | −$165 |
| Cash Flow | -$2,154/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,600 |
| Vacancy (5%) | −$1,980 |
| Property Tax | −$6,719 |
| Insurance | −$2,700 |
| Condo Fee | −$9,864 |
| Annual NOI | $18,337 |
| Cap Rate | 2.29% |
Cash Required to Close
| Down Payment (20%) | $159,980 |
| Ontario Land Transfer Tax | $12,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,453 |
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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