6650 Falconer Drive 1, Mississauga

$599,000
6650 Falconer Drive 1

$599,000

New
30d
Condo Townhouse2-Storey

6650 Falconer Drive 1, Mississauga

Total Monthly Obligation $3,491

Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
30d
Score
21
Yield
6.3%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Condo Townhouse
MLS® Number-W13817576
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 23, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,546.56 (2026)
Maintenance-$579.15/mo
Locker-None
Parking-1 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE TERREQUITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Electric
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Streetsville
Title-Residential Condo & Other

No agent assigned

Welcome to this established enclave nestled within a mature, family-oriented pocket of Streetsville. This immaculate 3-bedroom corner end-unit townhome offers an abundance of sunlight with extra windows, fully fenced backyard with composite deck and spacious footprint that feels just like a semi-detached home. Proudly and meticulously maintained by the same owner since 1988, this turnkey property is completely move-in ready. Enjoy true turn-key, low-maintenance living with a comprehensive monthly maintenance fee that covers an incredible Rogers VIP bulk tech package (high-speed internet, cable, and home phone), lawn care, snow removal, parking, building insurance and common elements. The community boasts amenities including ample visitor parking, beautifully landscaped green spaces, and exclusive access to a shared outdoor swimming pool, tennis court, and basketball court. Perfectly positioned for ultimate convenience, you are just moments away from charming Streetsville Square, local shopping plazas, grocery store, and pharmacy. Premier shopping destinations like Costco Wholesale and Heartland Town Centre are just a short drive away. For commuters, the location is unbeatable: enjoy seamless connectivity via local MiWay bus routes, quick access to Highway 401, and proximity to the Streetsville GO Station for a direct, stress-free rail commute into downtown Toronto. Note: Selected images feature digital staging; furnishings and decor have been added for illusration purposes only.

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%
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$
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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,491/mo
Mortgage $2,416
Monthly Loss $2,855
Principal$636
Interest$1,780
Property Tax$296
Condo Fees$579
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-6.0%2
5-Year IRR
11.1%43
10-Year IRR
11.5%
Returns Index
22.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$38,004/yr
NOI
$21,307/yr
Net Cash Flow
-$641/mo
Cash Margin
-20.2%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
24.8/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 6650 Falconer Drive 1

Time

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