
3631 Cherrington Crescent, Mississauga
Erin Mills · Investor guide
$1,099,900
Estimated Value
$1,089,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE STATE REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,700/mo
Based on Erin Mills neighbourhood rental data for 4-bed Detached
Remarks
Welcome to 3631 Cherrington Crescent, a stunningly renovated home that blends timeless style, modern comfort, and exceptional functionality. Situated on a premium lot, this property boasts a deep, beautiful backyard-larger than most in the neighbourhood-complete with a deck designed for effortless outdoor entertaining. Inside, the bright and spacious main floor offers a seamless layout featuring a formal living room, elegant dining area, and a warm family room with a fireplace, all anchored by a beautifully appointed kitchen with built-in appliances. Upstairs, the spacious primary suite serves as a private retreat, featuring two large walk-in closets and a luxurious 5-piece ensuite. The finished basement extends the living space with a generous recreation room centered around a second fireplace, an additional bedroom, and flexible space ideal for a home office, gym, or guest accommodations. Completed with a two-car garage, and extensive updates throughout, this truly move-in ready home offers an exceptional combination of luxury, space, and family-friendly living in one of the area's most desirable neighbourhoods.
MississaugaInvestor.ca
3631 Cherrington Crescent
Detached · 4bd/4ba · ~1,750 sqft
$1,099,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.75%
Monthly Cash Flow
-$3,460/mo
Estimated Rent
$3,700/mo
Cash-on-Cash
-17.2%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,700 |
| Mortgage | −$5,063 |
| Property Tax | −$770 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$917 |
| Vacancy (5%) | −$185 |
| Cash Flow | -$3,460/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,400 |
| Vacancy (5%) | −$2,220 |
| Property Tax | −$9,239 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,999 |
| Annual NOI | $19,242 |
| Cap Rate | 1.75% |
Cash Required to Close
| Down Payment (20%) | $219,980 |
| Ontario Land Transfer Tax | $18,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $241,453 |
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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