
540 Louis Drive, Mississauga
Cooksville · Investor guide
$1,269,000
Estimated Value
$1,134,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
4
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Based on Cooksville neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
Set on a highly desirable 50' x 120' lot in an established Cooksville neighbourhood, 540 Louis Drive offers the space, layout and long-term value increasingly difficult to find in central Mississauga. Proudly owned by the same family for more than 35 years, this substantial four bedroom detached home is well maintained and very livable today, while offering an excellent opportunity to update over time and make it your own. The main floor features generous living and dining rooms, an eat-in kitchen, a separate family room with fireplace and backyard access, and a convenient powder room. Upstairs are four well-proportioned bedrooms, including a spacious primary bedroom with a private ensuite, plus a second full bathroom. A separate side entrance provides access to the expansive lower level, offering additional living space and excellent future flexibility. Outside, the large, flat and fully fenced pool-sized backyard is a true highlight, with abundant room for children, entertaining, gardening and future possibilities. Complete with a double garage and private driveway. Ideally located close to Huron Park, schools, recreation, shopping and major routes, with convenient access to transit and Cooksville GO. A compelling opportunity to secure a large family home on an exceptional lot in a desirable central Mississauga location.
MississaugaInvestor.ca
540 Louis Drive
Detached · 6bd/4ba · ~2,250 sqft
$1,269,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.93%
Monthly Cash Flow
-$2,744/mo
Estimated Rent
$5,545/mo
Cash-on-Cash
-11.82%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,545 |
| Mortgage | −$5,841 |
| Property Tax | −$888 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,058 |
| Vacancy (5%) | −$277 |
| Cash Flow | -$2,744/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$66,540 |
| Vacancy (5%) | −$3,327 |
| Property Tax | −$10,660 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$12,690 |
| Annual NOI | $37,163 |
| Cap Rate | 2.93% |
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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