
2996 Salerno Crescent, Mississauga
Meadowvale · Investor guide
$830,000
Estimated Value
$781,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by REVEL REALTY INC.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
4
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Based on Meadowvale neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
Welcome To 2996 Salerno Crescent, A Beautifully Maintained Semi-Detached Home Located In The Highly Sought-After Meadowvale Community Of Mississauga. Offering 4 Spacious Bedrooms, 1.5 Bathrooms, An Attached Single Car Garage, And Parking For Two Additional Vehicles, This Home Provides The Perfect Blend Of Comfort, Functionality, And Location. The Main Level Features A Bright And Inviting Layout With A Combined Living And Dining Room, Highlighted By A Charming Wood-Burning Fireplace And Walkout To The Backyard. The Well-Appointed Kitchen Offers Granite Countertops, Built-In Stainless Steel Appliances, A Convenient Eat-In Area, And A Separate Side Entrance. Step Outside To Enjoy A Large Deck And Fully Fenced Backyard, Creating The Perfect Space For Outdoor Entertaining, Family Gatherings, Or Relaxation. Upstairs, The Spacious Primary Bedroom Is Accompanied By Three Additional Well-Sized Bedrooms And A Renovated 4-Piece Main Bathroom Complete With A Soaker Tub. The Finished Basement Extends The Living Space With A Recreation Room, Sitting Area, Pot Lights, And Convenient Laundry Facilities. Recent Upgrades Include a Newer Metal Roof (2024). Ideally Situated Close To Walking Trails, Parks, Top-Rated Schools, Shopping, Restaurants, Public Transit, Community Amenities, And Major Highways, This Home Offers An Exceptional Opportunity To Enjoy Family Living In One Of Mississauga's Most Established And Desirable Neighbourhoods.
MississaugaInvestor.ca
2996 Salerno Crescent
Semi-Detached · 4bd/2ba · ~1,300 sqft
$830,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.93%
Monthly Cash Flow
-$1,100/mo
Estimated Rent
$4,440/mo
Cash-on-Cash
-7.25%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,440 |
| Mortgage | −$3,820 |
| Property Tax | −$581 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$692 |
| Vacancy (5%) | −$222 |
| Cash Flow | -$1,100/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$53,280 |
| Vacancy (5%) | −$2,664 |
| Property Tax | −$6,972 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,300 |
| Annual NOI | $32,644 |
| Cap Rate | 3.93% |
Cash Required to Close
| Down Payment (20%) | $166,000 |
| Ontario Land Transfer Tax | $13,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $182,075 |
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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