3074 Merritt Avenue, Mississauga
Malton · Investor guide
$669,000
Estimated Value
$569,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ONE PERCENT REALTY LTD.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
3
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Based on Malton neighbourhood rental data for 3-bed Semi-Detached
Remarks
Welcome to this charming 3-bedroom semi-detached 4-level backsplit located on a quiet street in Malton. Functional layout featuring a spacious family room with high ceilings, three well-sized bedrooms, and an eat-in kitchen with a walk-out to a patio. Enjoy the large, private backyard. Ideal opportunity for first-time buyers or those looking to add their personal touch. Recent upgrades include a brand new roof and new stove , both installed in May 2026, offering added value and peace of mind. Conveniently located close to schools, parks, shopping and public transit, with quick access to Highways 407 and 427, Humber College and Pearson Airport.
MississaugaInvestor.ca
3074 Merritt Avenue
Semi-Detached · 3bd/2ba · ~1,300 sqft
$669,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.02%
Monthly Cash Flow
-$1,955/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-16%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$3,079 |
| Property Tax | −$468 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$558 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$1,955/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$5,620 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,690 |
| Annual NOI | $13,490 |
| Cap Rate | 2.02% |
Cash Required to Close
| Down Payment (20%) | $133,800 |
| Ontario Land Transfer Tax | $9,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $146,655 |
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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