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Investment signal

$1,099,000

1139 SHADELAND DRIVE

Beds

6

Baths

3

Sqft

Year

About this home

Stunning 4+2 bedroom semi-detached multi-level home in the highly sought-after Erindale community of Mississauga. This beautifully upgraded residence offers a functional layout ideal for family living, with excellent income potential.The main level features a modern kitchen with granite countertops and stainless steel appliances, combined living and dining areas, and 3 spacious bedrooms. The home has been fully renovated from top to bottom, showcasing fresh paint, pot lights throughout (interior & exterior), and numerous quality upgrades including 200 AMP electrical panel (2023), furnace (2023), A/C (2022), roof (2022), and garage door & laundry (2021). The lower level offers a 1-bedroom suite with 3-piece bath and walkout to backyard, while the finished basement includes 2 additional bedrooms, a brand-new bathroom, and separate entrance through the garage-ideal for extended family or rental income. Conveniently located close to top-rated schools, parks, shopping, and public transit, with easy access to major highways. Turnkey property with multi-level living and strong income potential in a prime location. Pics from previous occupants. (id:65958)

Subtype
Single Family
MLS#
W12958720
Area
MISSISSAUGA_(ERINDALE)
Negative cash flow ~$2,126/mo at these assumptions

Cash on cash

-11.61%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,738

Financing

Down payment$219,800
Loan amount$879,200
Mortgage$5,394/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$504
Insurance$80
Maintenance$916
CapEx reserve$458
Vacancy loss$275

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.

Mortgage estimate

Estimated $5,394/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 13, 2026.

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