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Investment signal

$2,100,000

4097 HICKORY DRIVE

Save this home

Beds

4

Baths

3

Sqft

Year

Type

Single Family

Suite

Investment signal

Location nearby

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

About this home

RARE 1/2 ACRE ESTATE - UNMATCHED DEVELOPMENT FLEXIBILITY Discover the largest residential lot in Rathwood! Massive 66' x 325' footprint with Medium Density Residential status-offering potential far beyond the average R4 lot. A true developer's dream or a multi-family legacy property.THE OPPORTUNITY: * Massive Building Envelope: Perfect for a high-end luxury residence, substantial rear additions, or a complete custom rebuild (subject to Mississauga infill bylaws).Increased Density: Zoning permits gentle density-ideal for a Fourplex (up to 4 units) or a prime residence + ARUs (Basement Apartment + Detached Garden Suite).Garden Suite Potential: Ample space for a detached secondary dwelling while still retaining a massive, private backyard with room for a pool and professional landscaping.Multigenerational Haven: Current well-maintained 3,000+ SF home features 2 kitchens, a side entrance, and a 3-car garage w main floor entrance. Live or rent while you permit! Don't settle for a standard lot. Secure Rathwood's premier land assembly today. SEE ATTACHED ZONING DOCUMENT. Disclaimer: Buyers to perform their own due diligence regarding zoning, severances, permits, and City of Mississauga development charges/bylaws. All development potential is subject to municipal approval. (id:65958)

Subtype
Single Family
Structure
House
Community
Rathwood
Common interest
Freehold
Lot dimensions
66.3 x 325 FT
Bedrooms
4 above grade
Parking
7 total
Stories
2
Fireplace
Yes
On market
Feb 28, 2026
Status changed
Apr 24, 2026
Annual tax
$10,803.88 (2025)
Photos
42
MLS#
W12829116
Area
MISSISSAUGA_(RATHWOOD)

Features and systems

Parking

Attached GarageGarage

Basement

Partially finishedFull

Appliances

AllWasherCentral VacuumDishwasherDryerMicrowaveFurnitureStorage ShedTwo stovesWindow CoveringsGarage door opener remote(s)Two Refrigerators

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Foundation

Concrete

Lot

Carpet Free
Negative cash flow ~$2,205/mo at these assumptions

Cash on cash

-6.30%

Cap rate

3.60%

GRM

16.7

Break-even rent

$12,821

Financing

Down payment$420,000
Loan amount$1,680,000
Mortgage$8,512/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$963
Insurance$80
Maintenance$1,750
CapEx reserve$875
Vacancy loss$525

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 $8,512/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 24, 2026.

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