
1621 Skyline Drive, Mississauga
Lakeview · Investor guide
$2,400,000
Estimated Value
$1,350,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE TERREQUITY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
7
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,400/mo
Based on Lakeview neighbourhood rental data for 4-bed Detached
Remarks
Welcome to 1621 Skyline Drive, a stunning custom residence offering approximately 4,100 sq. ft. of beautifully finished living space in the prestigious Orchard Heights community. Extensively renovated throughout, including a completely redesigned main level and a newly constructed second storey completed in 2026, this exceptional home seamlessly blends timeless architecture with modern luxury. Thoughtfully designed for both everyday living and entertaining, the main level showcases an elegant open-concept layout featuring spacious principal rooms, a private home office, formal dining area, expansive living and family rooms, and a chef-inspired kitchen with custom cabinetry, stone countertops, premium stainless steel appliances, and abundant workspace. A bright four-season sunroom overlooks the private backyard, creating the perfect space to enjoy every season. The newly constructed second level offers generously proportioned bedrooms, including a luxurious primary retreat complete with a spa-inspired ensuite and walk-in closet. Throughout the home, wide-plank engineered hardwood flooring, designer lighting, custom millwork, and beautifully appointed bathrooms reflect quality craftsmanship and attention to detail. The finished lower level provides exceptional additional living space with a spacious recreation room, an additional bedroom, bathroom, and ample storage, offering flexibility for growing families, guests, or multi-generational living. Situated on a mature lot with a double-car garage in one of Mississauga's most sought-after neighbourhoods, this move-in-ready home is ideally located near top-rated schools, parks, shopping, golf courses, transit, and major highways. This is a must see. Easy Showings
MississaugaInvestor.ca
1621 Skyline Drive
Detached · 4bd/7ba · ~2,750 sqft
$2,400,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.14%
Monthly Cash Flow
-$10,772/mo
Estimated Rent
$4,400/mo
Cash-on-Cash
-24.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,400 |
| Mortgage | −$11,047 |
| Property Tax | −$1,680 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$2,000 |
| Vacancy (5%) | −$220 |
| Cash Flow | -$10,772/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$52,800 |
| Vacancy (5%) | −$2,640 |
| Property Tax | −$20,160 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$24,000 |
| Annual NOI | $3,300 |
| Cap Rate | 0.14% |
Cash Required to Close
| Down Payment (20%) | $480,000 |
| Ontario Land Transfer Tax | $46,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $529,475 |
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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