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Investment signal

$3,400,000

238 QUEEN STREET S

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Location

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About this home

Great Investment Opportunity for Good Income mixed use Fully Leased 3 Storey Property, Fully Leased, Busiest Spot In TheCenter of Famous Historical Village "Streetsville", immediate next to the Corner Property at Thomas & Queen. Main floor (Commercial tenant: INS Market Franchise) 2nd Floor (4x 1br), 3rd floor ( 3 units: 2x1br) & Basement (2x2br), Brochure with Rent roll available upon request. **EXTRAS** Measurements: 46.44 ft x 2.50 ft x 7.26 ft x 32.09 ft x 1.12 ft x 12.08 ft x 81.59ft x 12.08 ft x 46.88 ft x 85.72 ft x 31.40 ft as per GeoWarehouse, GOOD INCOME WITH GOOD CAP RATE (id:65958)

Subtype: Retail
Community: Streetsville
Living area: 3,789 square feet
Lot dimensions: 31.31 x 97.8 FT
Parking: 2 total
On market: Apr 17, 2026
Status changed: Apr 17, 2026
Annual tax: $19,180
Zoning: C4
Photos: 42
MLS#: W13011294
Area: MISSISSAUGA_(STREETSVILLE)

Features and systems

Heating

Forced airNatural gas

Cooling

Fully air conditioned

Negative cash flow ~$6,425/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.34%

Cap rate

3.62%

GRM

16.7

Break-even rent

$23,763

Financing

Down payment$680,000

Loan amount$2,720,000

Mortgage$16,687/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,558

Insurance$80

Maintenance$2,833

CapEx reserve$1,417

Vacancy loss$850

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Mississauga (Streetsville). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $16,687/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.