1088 Cherriebell Road, Mississauga
Lakeview · Investor guide
$1,169,000
Estimated Value
$1,252,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SAM MCDADI REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
2
Days on Market
7
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
Set on an expansive 50 x 227 ft lot, this charming property presents an exceptional opportunity within one of Mississauga's most evolving waterfront neighbourhoods. Surrounded by mature trees and many newer custom homes, the setting naturally lends itself to both immediate enjoyment and long-term vision. The existing residence has been thoughtfully renovated, offering a warm and functional layout with updated finishes throughout. The main level features hardwood flooring, a bright living and dining area, renovated kitchen with quartz countertops, custom cabinetry and built-in Bosch appliances, two bedrooms, and an updated bath accented by beautiful stained-glass details. The finished lower level with separate entrance expands the living space with an additional bedroom, bathroom, recreation area and kitchenette, creating flexibility for extended family, guests or future income potential. Beyond the home itself, the scale and depth of the property inspire future possibilities. Envision expanding the existing residence, creating seamless indoor-outdoor entertaining spaces. The City's evolving planning framework further contributes to the area's growing long-term appeal as Lakeview transforms through revitalization and investment. Additional features include 200 amp electrical service, 40 amp garage service for EV charger capability, hardwired outdoor lighting on a timer, a renovated basement, and a newly completed backyard deck (2025). Whether enjoyed today, held as a long-term investment, or gradually reimagined over time, the property offers a rare combination of character, land value and future potential. Ideally positioned within walking distance to Marie Curtis Park, waterfront trails, golf courses, Long Branch GO, the future Lakeview GO Station, TTC, MiWay transit, restaurants, shopping and major commuter routes including the QEW, 427, Lakeshore Road and easy access to Downtown Toronto.
MississaugaInvestor.ca
1088 Cherriebell Road
Detached · 3bd/2ba · ~700 sqft
$1,169,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.21%
Monthly Cash Flow
-$3,228/mo
Estimated Rent
$4,390/mo
Cash-on-Cash
-15.09%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,390 |
| Mortgage | −$5,381 |
| Property Tax | −$818 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$974 |
| Vacancy (5%) | −$220 |
| Cash Flow | -$3,228/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$52,680 |
| Vacancy (5%) | −$2,634 |
| Property Tax | −$9,820 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,690 |
| Annual NOI | $25,836 |
| Cap Rate | 2.21% |
Cash Required to Close
| Down Payment (20%) | $233,800 |
| Ontario Land Transfer Tax | $19,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $256,655 |
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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