7076 Gillespie Lane, Mississauga
Central Erin Mills · Investor guide
$1,229,000
Estimated Value
$1,220,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SPECIALISTS INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
13
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$4,850/mo
Based on Central Erin Mills neighbourhood rental data for 5-bed Detached
Remarks
Beautifully maintained 4+1 bedroom, 4 bathroom home located in the highly sought-after Meadowvale Village. This inviting property features elegant hardwood floors throughout the main living areas and a functional, well-designed layout ideal for families. The finished basement offers a walk-out and includes an additional bedroom, providing excellent in-law or guest potential. Thoughtfully cared for and move-in ready, this home combines comfort, space, and a prime location close to parks, schools, and amenities.
MississaugaInvestor.ca
7076 Gillespie Lane
Detached · 5bd/4ba · ~1,750 sqft
$1,229,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.44%
Monthly Cash Flow
-$3,159/mo
Estimated Rent
$4,850/mo
Cash-on-Cash
-14.05%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,850 |
| Mortgage | −$5,657 |
| Property Tax | −$860 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,024 |
| Vacancy (5%) | −$243 |
| Cash Flow | -$3,159/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$58,200 |
| Vacancy (5%) | −$2,910 |
| Property Tax | −$10,324 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$12,290 |
| Annual NOI | $29,976 |
| Cap Rate | 2.44% |
Cash Required to Close
| Down Payment (20%) | $245,800 |
| Ontario Land Transfer Tax | $21,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $269,855 |
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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