706 Carrying Place, Mississauga
Erindale · Investor guide
$824,900
Estimated Value
$825,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
4
Bathrooms
2
Days on Market
6
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,250/mo
Based on Erindale neighbourhood rental data for 4-bed Semi-Detached
Remarks
Welcome to this beautifully renovated 4-bedroom semi-detached home, ideally situated on a quiet dead-end street in one of Mississauga's most convenient, family-friendly neighbourhoods. Thoughtfully updated throughout, this move-in-ready home features a bright main floor with smooth ceilings, pot lights, laminate flooring, fresh designer paint, a large picture window overlooking the backyard, and an open, inviting layout. The fully renovated modern kitchen boasts elegant quartz countertops with a matching backsplash, brand-new stainless steel appliances, and a premium stainless steel faucet.Upstairs, you'll find four spacious bedrooms, while the finished basement, complete with additional cabinetry, provides a large and versatile living space ideal for a recreation room, home office, gym, or play area.Enjoy seamless indoor-outdoor living with a walkout to the raised deck overlooking a private, fully fenced backyard, perfect for summer BBQs, family gatherings, or simply relaxing outdoors.Located just minutes from Square One Shopping Centre, Highway 403, Erindale GO Station, parks, schools, public transit, restaurants, and everyday amenities, this exceptional home offers outstanding value in a highly sought-after location.
MississaugaInvestor.ca
706 Carrying Place
Semi-Detached · 4bd/2ba · ~1,300 sqft
$824,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.32%
Monthly Cash Flow
-$2,199/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-14.58%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$3,797 |
| Property Tax | −$577 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$687 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$2,199/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$6,929 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,249 |
| Annual NOI | $19,172 |
| Cap Rate | 2.32% |
Cash Required to Close
| Down Payment (20%) | $164,980 |
| Ontario Land Transfer Tax | $12,973 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $180,953 |
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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