396 Derrydale Drive, Mississauga
Central Erin Mills · Investor guide
$1,678,800
Estimated Value
$1,416,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 RED STAR REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
7
Bathrooms
5
Days on Market
14
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Based on Central Erin Mills neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
This exceptional 5-bedroom, 5-washroom executive home offers approximately 4,300 sq ft of refined living space in the prestigious community of Meadowvale Village with a LEGAL 2 bedroom basement apartment. Fully renovated in 2023, including a new roof in 2020, furnace & tankless water tank in 2021 - the property showcases marble accents, a custom chefs kitchen with panel-ready Jenn-Air appliances, stone counters, gas stove and meticulously updated bathrooms throughout. The main level features expansive principal rooms, elegant finishes, and a layout ideal for both family living and entertaining. The upper level includes generously sized bedrooms, each designed with comfort and style in mind. All bathrooms are spa-inspired with a modern style. A standout feature is the LEGAL 2-bedroom basement apartment, perfect for multi-generational living or rental income. The backyard is an entertainer's dream with a large deck and stone patio, offering a private outdoor retreat.
MississaugaInvestor.ca
396 Derrydale Drive
Detached · 7bd/5ba · ~3,250 sqft
$1,678,800
Cash-Flow Report · July 31, 2026
Cap Rate
2.27%
Monthly Cash Flow
-$4,546/mo
Estimated Rent
$6,295/mo
Cash-on-Cash
-14.79%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$6,295 |
| Mortgage | −$7,727 |
| Property Tax | −$1,175 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,399 |
| Vacancy (5%) | −$315 |
| Cash Flow | -$4,546/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$75,540 |
| Vacancy (5%) | −$3,777 |
| Property Tax | −$14,102 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$16,788 |
| Annual NOI | $38,173 |
| Cap Rate | 2.27% |
Cash Required to Close
| Down Payment (20%) | $335,760 |
| Ontario Land Transfer Tax | $30,051 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $368,811 |
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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