
34- 2766 Folkway Drive, Mississauga
Erin Mills · Investor guide
$785,000
Estimated Value
$707,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by Royal LePage Real Estate Associates
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,200/mo
Based on Erin Mills neighbourhood rental data for 3-bed Condo Townhouse
Remarks
This charming 3 bedroom townhome offers the perfect blend of comfort, privacy, and convenience. Backing onto treed greenspace, Pheasant Run Park and nestled within a well managed complex, this home provides an exceptional opportunity for families, first-time buyers, and downsizers alike. The traditional floor plan is thoughtfully designed for everyday living and entertaining. The main level features bright principal rooms, a 2 pc. bath and a walkout to the beautiful backyard, creating a seamless connection between indoor and outdoor living. Whether you're hosting family gatherings or enjoying a quiet morning coffee, the private outdoor space offers a serene retreat with beautiful views of the forest. Upstairs, three good sized bedrooms provide comfortable accommodations for the whole family. The primary bedroom serves as a relaxing sanctuary and features a beautifully renovated semi-ensuite bath with stylish finishes and modern touches. Ample closet space and large windows enhance the comfort and functionality of the upper level. Located in one of Mississauga's most sought after communities, Erin Mills offers an outstanding lifestyle with excellent schools, parks, walking trails, community centres, and recreational facilities nearby. Residents enjoy convenient access to Erin Mills Town Centre, Credit Valley Hospital, public transit, major highways, and an abundance of shopping, dining, and everyday amenities. With nature, convenience, and family friendly living all at your doorstep, this is a wonderful place to call home. HWT Heater Rental'26, Stove '26, Air Conditioner'25, Backyard Deck'21, rough-in bathroom in basement.
MississaugaInvestor.ca
34- 2766 Folkway Drive
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$785,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.66%
Monthly Cash Flow
-$1,873/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-13.05%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$3,613 |
| Property Tax | −$550 |
| Insurance | −$225 |
| Condo Fee | −$525 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$1,873/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$6,594 |
| Insurance | −$2,700 |
| Condo Fee | −$6,300 |
| Annual NOI | $20,886 |
| Cap Rate | 2.66% |
Cash Required to Close
| Down Payment (20%) | $157,000 |
| Ontario Land Transfer Tax | $12,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $172,175 |
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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