
7236 Meyer Drive, Mississauga
Malton · Investor guide
$849,000
Estimated Value
$711,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SUPREME REALTY
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
None Detected
Rent Estimate
$2,750/mo
Based on Malton neighbourhood rental data for 3-bed Detached
Remarks
Welcome to this beautifully maintained detached back-split nestled in the heart of Malton, one of Mississauga's most convenient and family-friendly communities. Situated on a generous lot, this charming home offers a bright and inviting layout featuring spacious living and dining areas with large windows that fill the home with natural light. The functional eat-in kitchen provides ample cabinetry, generous counter space, and a walkout to the backyard, making it ideal for everyday living and entertaining. The upper level offers comfortable bedrooms and a bathroom fit for relaxing, while the finished lower level with a walk-out to the backyard provides additional living space perfect for a recreation room, home office, gym, extended family accommodations, or future rental potential. Outside, enjoy a large, private, fully fenced backyard with plenty of room for children, pets, gardening, summer gatherings and backyard oasis creativity. Also featuring a 1-car garage and a private 2-car driveway. Located at the highly sought-after intersection of Morning Star Drive and Darcel Avenue, this home offers exceptional convenience. Just minutes from Malton Community Centre, parks, sports fields, schools, shopping, grocery stores (Chalo, FreshCo), local bakeries, banking services, medical centers, and public transit. Families will love the immediate proximity to schools like Darcel Avenue Senior Public School, Dunrankin Drive Public School, and the state-of-the-art Malton Community Centre & Public Library. Enjoy easy access to Westwood Square, Toronto Pearson International Airport, Humber College, Major Highways 427, 407, 409, and 401, making commuting throughout the GTA effortless. The area is also served by MiWay transit and nearby GO Transit connections. Whether you are looking for your forever home or an asset with robust cash-flow potential, 7236 Meyer Drive delivers on every front.
MississaugaInvestor.ca
7236 Meyer Drive
Detached · 3bd/2ba · ~1,300 sqft
$849,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.53%
Monthly Cash Flow
-$2,823/mo
Estimated Rent
$2,750/mo
Cash-on-Cash
-18.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,750 |
| Mortgage | −$3,908 |
| Property Tax | −$594 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$708 |
| Vacancy (5%) | −$138 |
| Cash Flow | -$2,823/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,000 |
| Vacancy (5%) | −$1,650 |
| Property Tax | −$7,132 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,490 |
| Annual NOI | $13,028 |
| Cap Rate | 1.53% |
Cash Required to Close
| Down Payment (20%) | $169,800 |
| Ontario Land Transfer Tax | $13,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $186,255 |
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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