
1199 Melton Drive, Mississauga
Lakeview · Investor guide
$1,269,000
Estimated Value
$1,350,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Based on Lakeview neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
Welcome To Lakeview Living At Its Finest! This Charming 4-Bedroom Back-Split Is Ideally Situated In One Of Mississauga's Most Desirable Communities, Surrounded By Stunning Multi-Million-Dollar Custom Homes And Endless Possibilities. Whether You're Looking To Renovate, Expand, Or Build Your Dream Home From The Ground Up, This Property Offers Incredible Potential. The Functional Layout Features Three Spacious Bedrooms On The Upper Level, A Versatile Fourth Bedroom On The Lower Level, And A Large Family Room With A Walk-Out To A Private Backyard-Perfect For Entertaining, Relaxing, And Creating Your Own Outdoor Oasis. Adding To The Home's Versatility Is A Bright Solarium Featuring Soaring Ceilings, A Skylight, And A Walk-Out To The Backyard. Currently Used As A Home Gym, This Flexible Space Offers Endless Possibilities As A Sun-Filled Retreat, Home Office, Studio, Or Additional Living Space. The Fully Finished Basement Provides Even More Living Space, Featuring A Second Kitchen And A Spacious Recreation Area, Ideal For Extended Family, Guests, A Home Office, Or Additional Flexibility To Suit Your Lifestyle. Enjoy A Prime Location On The Mississauga-Etobicoke Border With Unbeatable Convenience. Minutes To The QEW, Public Transit, Sherway Gardens, Shopping, Dining, And Everyday Amenities. Enjoy Weekend Walks At Laughton Heights Park, Explore The Etobicoke Creek Trails, Or Tee Off At The Nearby Lakeview And Toronto Golf Courses. A Rare Opportunity For Builders, Investors, Or Families Looking To Create Something Truly Special In A Thriving And Connected Community. Don't Miss Your Chance To Make Your Mark In Lakeview! TOTAL SQFT 2365, Above Ground 1768 and Below 595. Excludes Area: Storage, Utility Room, Solarium, Fireplace, Garage and Porch. Refer To Floor Plan and (Estimated) Measurements.
MississaugaInvestor.ca
1199 Melton Drive
Detached · 4bd/2ba · ~1,750 sqft
$1,269,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.43%
Monthly Cash Flow
-$3,272/mo
Estimated Rent
$4,990/mo
Cash-on-Cash
-14.09%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,990 |
| Mortgage | −$5,841 |
| Property Tax | −$888 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,058 |
| Vacancy (5%) | −$250 |
| Cash Flow | -$3,272/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$59,880 |
| Vacancy (5%) | −$2,994 |
| Property Tax | −$10,660 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$12,690 |
| Annual NOI | $30,836 |
| Cap Rate | 2.43% |
Cash Required to Close
| Down Payment (20%) | $253,800 |
| Ontario Land Transfer Tax | $21,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $278,655 |
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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