
238 Troy Street, Mississauga
Mineola · Investor guide
$999,000
Estimated Value
$1,828,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,700/mo)
Rent Estimate
Based on Mineola neighbourhood rental data
Remarks
Welcome to this beautifully maintained 3-bedroom, 2-bathroom bungalow, ideally situated in the prestigious Mineola neighbourhood. This exceptional home offers the perfect blend of comfort, style, and investment potential. The main level features a bright and functional layout with a spacious living area, while the professionally finished legal basement apartment offers a fully self-contained living space complete with 2 Bedrooms, a Full Kitchen and a 3 piece Bath, complete with a separate entrance, fire doors and large windows. Additional Insulation was added to the basement ceiling to provide better sound barrier between the two levels. Ideal for generating rental income, accommodating extended family, or creating a private guest suite, the thoughtfully designed lower-level apartment adds exceptional versatility and value, with over $80,000 invested in its creation. Additional upgrades include a roof replacement completed just three years ago, an upgraded 200-amp electrical panel, a dedicated EV charger, and a freshly painted upper level, making this home as functional as it is move-in ready. Located in one of Mississauga's most sought-after communities, this property provides an incredible opportunity to enjoy a prestigious location while benefiting from the flexibility of a legal secondary suite. Close to top-rated schools, hospitals, parks, shopping, transit, and major highways, this is a home that truly checks all the boxes!
MississaugaInvestor.ca
238 Troy Street
Detached · 5bd/2ba · ~900 sqft
$999,000
Cash-Flow Report · July 31, 2026
Cap Rate
4.22%
Monthly Cash Flow
-$1,083/mo
Estimated Rent
$5,550/mo
Cash-on-Cash
-5.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,550 |
| Mortgage | −$4,598 |
| Property Tax | −$699 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$833 |
| Vacancy (5%) | −$278 |
| Cash Flow | -$1,083/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$66,600 |
| Vacancy (5%) | −$3,330 |
| Property Tax | −$8,392 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,990 |
| Annual NOI | $42,188 |
| Cap Rate | 4.22% |
Cash Required to Close
| Down Payment (20%) | $199,800 |
| Ontario Land Transfer Tax | $16,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $219,255 |
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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