1528 Knareswood Drive, Mississauga
Lorne Park · Investor guide
$1,899,900
Estimated Value
$2,191,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
4
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Based on Lorne Park neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
All Brick Bungalow Boasting 2810sqft above grade + 1710sqft basement = 4520sqft Total. This Spacious Home Features Hardwood Floors Throughout The Main Floor, 3 Fireplaces Total, 3 Baths on the Ground Level Plus Another Full Bath In The Basement, Coffered Ceilings in the Oversized Family Room with a B/I Drybar and R/I to Complete A Wetbar. A U-Shaped Kitchen With An Eat-In Breakfast Room & B/I Pantry Shelves. Most Windows Have Been Updated in 2013. Roof 2015 & Mansard 2014. This Property is Nestled into A Private, and Mature Neighborhood Bordering The Credit River. A Muskoka In The City Backyard Features a 20x40ft Inground Concrete Pool With Peace & Tranquility At The Top of The List. This Sun Drenched Backyard Faces Desirable South-West. Property Measures an Impressive 91 x 191ft. A Separate Side Entrance Into The Basement Walks Into A Large Rec Room, and 2 Additional Bedrooms Each With W/I Closets. An Extra-High Garage Ceiling Opens Up Premium Over Head Real Estate, Great For A Car Lift Or Additional Storage. Potential To Customize. Excellent School District, Parks & Port Credit Village Nearby. Welcome to Lorne Park.
MississaugaInvestor.ca
1528 Knareswood Drive
Detached · 6bd/4ba · ~2,750 sqft
$1,899,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.62%
Monthly Cash Flow
-$6,188/mo
Estimated Rent
$5,995/mo
Cash-on-Cash
-17.79%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,995 |
| Mortgage | −$8,745 |
| Property Tax | −$1,330 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,583 |
| Vacancy (5%) | −$300 |
| Cash Flow | -$6,188/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$71,940 |
| Vacancy (5%) | −$3,597 |
| Property Tax | −$15,959 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$18,999 |
| Annual NOI | $30,685 |
| Cap Rate | 1.62% |
Cash Required to Close
| Down Payment (20%) | $379,980 |
| Ontario Land Transfer Tax | $34,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $417,453 |
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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