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Legal suite

$699,800

3498 ASHCROFT CRESCENT

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Beds

4

Baths

2

Sqft

Year

Type

Single Family

Suite

Legal suite

Location nearby

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

About this home

Original Oak strip hardwood on main floor. Kitchen includes vintage steel kitchen cabinets (fair condition) Note: Cosmetic renovations have not been made to this rented home in many years. This home is ready for your upgrades, renovations & personnalisations. What an opportunity to re-make this property into your prize winning home! Finished basement with large rec room, 1 bedroom, 3 piece washroom, kitchen, separate office & Laundry. Great potential with existing separate side entrance to be developed into a self-contained suite/apartment. Basement is not a legal suite now. Mid-efficiency furnace & central A/C. Shingles replaced in 2017 (main-floor plaster ceiling has cracks but no leaks). Walk-out to 9ft x 5ft deck from main floor. Private fenced back yard is surrounded by trees. Private ground-level patio provides a great place to sit or entertain. Garden shed included (as-is) Great family neighborhood with public transit nearby. Easy walking distance to Queenston Drive Public School (Pre-Kindergarten to Grade 8). Interior photos have been retouched to remove Tenant's furniture, etc. (id:65958)

Subtype
Single Family
Architectural style
Raised bungalow
Structure
House
Community
Erindale
Common interest
Freehold
Lot dimensions
30 x 125.2 FT
Bedrooms
3 above grade, 1 below grade
Parking
2 total
Stories
1
On market
Apr 9, 2026
Status changed
Apr 27, 2026
Annual tax
$5,500 (2025)
Zoning
RM1
Photos
21
MLS#
W12975024
Area
MISSISSAUGA_(ERINDALE)

Features and systems

Parking

No GarageTandem

Basement

FinishedN/A

Appliances

AllRefrigeratorWater meterStoveWater Heater

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

ConcreteHardwoodCarpetedVinyl

Foundation

Block

Lot

Flat siteConservation/green beltDryLevel

View

City view

Utilities

SewerElectricityCable

Security

Smoke Detectors
Negative cash flow ~$122/mo at these assumptions

Cash on cash

-1.05%

Cap rate

4.65%

GRM

13.9

Break-even rent

$4,329

Financing

Down payment$139,960
Loan amount$559,840
Mortgage$2,837/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$321
Insurance$80
Maintenance$583
CapEx reserve$292
Vacancy loss$210

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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 $2,837/mo at 4.5% with 20% down, 30-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 27, 2026.

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