
1278 Shamir Crescent, Mississauga
Erindale · Investor guide
$848,000
Estimated Value
$825,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE REALTY CENTRE
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
4
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Based on Erindale neighbourhood rental data · Verify suite legality with the City of Mississauga
Remarks
Opportunity Knocks! This Is Your Chance To Own A Beautiful Property Bordering On A Park With A Public Swimming Pool. School and Catholic Church Just Steps Away! Located On Quiet Crescent, This 3 Bedroom 2 Bath Raised Bungalow Offers Space and Functionality. Ideal For A Growing Family And Has A Separate Entrance For Possible In-law Suite Or Basement Apartment. There Is Hardwood Flooring Throughout Most Of The Main Floor. Huge Living and Dining Rooms With Walkout To Newly Renovated Balcony (May 2026), Front Concrete Steps Resurfaced (May 2026). Large Kitchen With Family Size Eating Area And Upgraded Stainless Steel Appliances. Main Bathroom Was Remodeled (2020). Primary Bedroom Is Spacious And Is Overlooking Backyard. Finished Basement With 4th Bedroom! Huge Rec room With Brand New Broadloom (2026), Wood Fireplace And Wet Bar! Beautiful Private Backyard With Pear, Cherry, And Plum Trees. Never Go Shopping For Fruit Again! This Home Comes With A Full Size Single Garage And A Double Driveway. Conveniently Located To Everything, This Property Has It All. Close To Westdale Mall, Huron Park, Erindale Park And The Credit River, Riverwood Conservancy, U.T.M., Humber College, Square One Shopping Centre, Public Transit, Erindale "GO" Station, Hwy 403, QEW, Etc... Note: Roof (2025) (After Photos Attached).
MississaugaInvestor.ca
1278 Shamir Crescent
Semi-Detached · 4bd/2ba · ~1,300 sqft
$848,000
Cash-Flow Report · August 1, 2026
Cap Rate
3.88%
Monthly Cash Flow
-$1,164/mo
Estimated Rent
$4,490/mo
Cash-on-Cash
-7.51%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,490 |
| Mortgage | −$3,903 |
| Property Tax | −$594 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$707 |
| Vacancy (5%) | −$225 |
| Cash Flow | -$1,164/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$53,880 |
| Vacancy (5%) | −$2,694 |
| Property Tax | −$7,123 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,480 |
| Annual NOI | $32,883 |
| Cap Rate | 3.88% |
Cash Required to Close
| Down Payment (20%) | $169,600 |
| Ontario Land Transfer Tax | $13,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $186,035 |
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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