1228 Shamir Crescent, Mississauga
Erindale · Investor guide
$839,000
Estimated Value
$747,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SNOBAR REALTY GROUP INC.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
3
Bathrooms
3
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Based on Erindale neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
Welcome to this charming semi-detached 4-level backsplit, nestled on a quiet street in the highly sought-after Credit Woodlands community. Offering over 1,500 square feet of living space, this well-maintained home features two spacious bedrooms on the upper level and an additional bedroom on the lower level. The lower level also offers a separate side entrance, a cozy family room with a fireplace, and excellent potential for an in-law suite or future income opportunity. Step outside to a large, private backyard surrounded by mature trees, creating the perfect setting for relaxing, entertaining, or enjoying nature. Whether you're a first-time buyer, investor, or someone looking to personalize a home, this property is full of potential-bring your vision and add your own personal touch to make it truly your own. Ideally located in one of Mississauga's most established and picturesque neighbourhoods, Erindale offers the perfect blend of natural beauty, family-friendly amenities, and everyday convenience. Close to Erindale Park, the Credit River, UTM, Westdale Mall, Walking distance to Springfield Park, the Springfield Tennis Club, and the Shamir Community Pool (Erindale Outdoor Pool). Commuters will appreciate being just minutes from Erindale GO Station, Square One, the QEW, shopping, restaurants, and grocery stores. Don't miss this incredible opportunity to own a home in one of Mississauga's most desirable communities, where tree-lined streets, scenic walking trails, and a welcoming neighbourhood create an exceptional place to call home.
MississaugaInvestor.ca
1228 Shamir Crescent
Semi-Detached · 3bd/3ba · ~1,300 sqft
$839,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.12%
Monthly Cash Flow
-$1,678/mo
Estimated Rent
$3,890/mo
Cash-on-Cash
-10.94%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,890 |
| Mortgage | −$3,862 |
| Property Tax | −$587 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$699 |
| Vacancy (5%) | −$195 |
| Cash Flow | -$1,678/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$46,680 |
| Vacancy (5%) | −$2,334 |
| Property Tax | −$7,048 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,390 |
| Annual NOI | $26,208 |
| Cap Rate | 3.12% |
Cash Required to Close
| Down Payment (20%) | $167,800 |
| Ontario Land Transfer Tax | $13,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $184,055 |
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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