
18- 2445 Homelands Drive, Mississauga
Sheridan · Investor guide
$688,800
Estimated Value
$681,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Based on Sheridan neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Move-in ready and beautifully maintained, this bright and spacious end-unit townhome offers exceptional value in one of Mississauga's most established and family-friendly communities. Featuring three generous bedrooms plus a versatile finished recreation room that can easily serve as a fourth bedroom, home office, or guest suite, this home is designed to accommodate a variety of lifestyles.Extensively updated throughout the years, this home showcases pride of ownership and thoughtful improvements, including engineered hardwood flooring on the main level (2025), renovated main bathroom tile (2026), new front porch stairs and railings (2025), and a beautifully updated open-concept kitchen (2021) featuring soft-close cabinetry, stainless steel appliances, and pot lights. Additional upgrades include renovated bathrooms, a finished basement with laminate flooring and pot lights, an outdoor deck, and updated flooring throughout.Enjoy a large two-tier deck overlooking a fully fenced backyard-perfect for entertaining family and friends or simply relaxing after a busy day. Conveniently located adjacent to visitor parking, this home offers added ease and accessibility for guests.Filled with natural light from its desirable east-west exposure, the home features a large picture window and a vaulted open staircase that creates a bright and airy atmosphere throughout.Ideally situated near parks, including Sheridan Park and Thornlodge Park, residents can enjoy abundant green space and recreational opportunities. Top-rated schools, Sheridan Centre shopping, public transit, and the University of Toronto Mississauga are all just minutes away.Whether you're a first-time buyer, downsizer, or investor, this exceptional property offers comfort, convenience, and outstanding value. Don't miss your opportunity to see it in person!
MississaugaInvestor.ca
18- 2445 Homelands Drive
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$688,800
Cash-Flow Report · July 31, 2026
Cap Rate
2.81%
Monthly Cash Flow
-$1,557/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-12.37%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$3,170 |
| Property Tax | −$482 |
| Insurance | −$225 |
| Condo Fee | −$672 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$1,557/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$5,786 |
| Insurance | −$2,700 |
| Condo Fee | −$8,064 |
| Annual NOI | $19,360 |
| Cap Rate | 2.81% |
Cash Required to Close
| Down Payment (20%) | $137,760 |
| Ontario Land Transfer Tax | $10,251 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $151,011 |
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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