7089 Second Line, Mississauga
Central Erin Mills · Investor guide
$2,999,000
Estimated Value
$1,220,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by FOREST HILL REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
6
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,850/mo
Based on Central Erin Mills neighbourhood rental data for 5-bed Detached
Remarks
Beautiful custom-built executive home in Old Meadowvale Village, set on a rare 109' x 139' lot and move-in ready. Designed by David Small of Oakville, this 4+1 bedroom, 6-bath residence offers 3,775 sq ft above grade plus 2,000 sq ft of finished lower level, with high-end finishes throughout. The main floor features a chef's kitchen with island seating, a dramatic great room with a two-storey cathedral ceiling, elegant dining room, private office, and multiple walkouts to the covered deck and resort-style backyard. Outside, enjoy a saltwater pool, waterfall, cabana, mature landscaping, and a large covered deck with outdoor fireplace and BBQ rough-in. The lower level includes a cinema room, games room, family room, and bowling alley rough-in, while smart-home automation, radiant heat, and a detached two-door garage complete the package. Close to GO Transit, Pearson Airport, Heartland, and top schools, this is one of Mississauga's finest luxury homes.
MississaugaInvestor.ca
7089 Second Line
Detached · 5bd/6ba · ~4,250 sqft
$2,999,000
Cash-Flow Report · July 31, 2026
Cap Rate
-0.09%
Monthly Cash Flow
-$14,020/mo
Estimated Rent
$4,850/mo
Cash-on-Cash
-25.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,850 |
| Mortgage | −$13,804 |
| Property Tax | −$2,099 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$2,499 |
| Vacancy (5%) | −$243 |
| Cash Flow | -$14,020/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$58,200 |
| Vacancy (5%) | −$2,910 |
| Property Tax | −$25,192 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$29,990 |
| Annual NOI | $-2,592 |
| Cap Rate | -0.09% |
Cash Required to Close
| Down Payment (20%) | $599,800 |
| Ontario Land Transfer Tax | $61,450 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $664,250 |
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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