1059 Ivandale Drive, Mississauga
East Credit · Investor guide
$999,880
Estimated Value
$1,205,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE FRONTIER REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
6
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Based on East Credit neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
Welcome to this beautifully renovated, move-in-ready home, ideally situated in the highly sought-after, family-friendly East Credit neighbourhood! With over $150,000 invested in upgrades, this home features hardwood flooring throughout the main and second levels, a stunning brand-new kitchen with quartz countertops, a matching quartz backsplash, a quartz island and brand-new built-in appliances. Additional upgrades include pot lights, brand-new windows, brand-new blinds and a durable new metal roof. The home features an owned hot water tank, along with a newer A/C and furnace, both installed in 2023. The basement apartment features a separate entrance and private laundry, offering excellent income-generating rental potential or additional living space for extended family. Enjoy outstanding curb appeal with an interlocked driveway and fully interlocked backyard. A truly turnkey home combining modern style, quality finishes and everyday functionality!
MississaugaInvestor.ca
1059 Ivandale Drive
Detached · 5bd/4ba · ~1,750 sqft
$999,880
Cash-Flow Report · July 31, 2026
Cap Rate
3.64%
Monthly Cash Flow
-$1,567/mo
Estimated Rent
$5,045/mo
Cash-on-Cash
-8.57%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,045 |
| Mortgage | −$4,602 |
| Property Tax | −$700 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$252 |
| Cash Flow | -$1,567/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$60,540 |
| Vacancy (5%) | −$3,027 |
| Property Tax | −$8,399 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,999 |
| Annual NOI | $36,415 |
| Cap Rate | 3.64% |
Cash Required to Close
| Down Payment (20%) | $199,976 |
| Ontario Land Transfer Tax | $16,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,449 |
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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