3265 South Millway 29, Mississauga

$985,000
3265 South Millway 29

$985,000

New
29d
Condo Townhouse2-Storey

3265 South Millway 29, Mississauga

Total Monthly Obligation $5,316

Beds
3
Baths
4
Park
2
Sqft
1600-1799
DOM
29d
Score
15
Yield
4.3%
Cash on Cash
-8.8%
Cap Rate
2.7%
5Y IRR
8.6%
10Y IRR
9.2%
Property Type-Condo Townhouse
MLS® Number-W13822174
Beds-3
Bathrooms-4
Size-1600-1799 sqft
Listed on site-Sep 24, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-31-50
Taxes-$5,276.32 (2026)
Maintenance-$703.15/mo
Locker-None
Parking-4 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE ASSOCIATES
Cooling-Central Air
Laundry-Yes
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Possession-TBD
Neighbourhood-Erin Mills
Title-Residential Condo & Other

No agent assigned

Welcome to your peaceful retreat in the heart of Erin Mills. Tucked into a quiet ravine setting, this beautifully updated townhome offers over 2,300 sq. ft. of thoughtfully designed living space. The inviting main living area is complemented by a beautifully renovated kitchen. The spacious 3-bedroom, 4-bathroom (2 newly renovated bathrooms upstairs) layout provides plenty of room for the whole family, with a primary bedroom featuring its own ensuite. The fully finished walkout lower level features its own kitchen, full bathroom, and Murphy bed, offering flexible additional living space for extended family, guests, or a private retreat. A 2-car garage adds valuable convenience and storage, while the quiet ravine backdrop offers a peaceful setting that is increasingly hard to find. Enjoy the surrounding greenery, parks, and nearby trails, while still being minutes from the amenities and services that make Erin Mills so convenient. Ideally located close to shopping, schools, parks, trails, UTM, and Credit Valley Hospital, with easy access to major highways. This is a wonderful opportunity to enjoy a spacious, updated home in a tranquil natural setting without giving up convenience. Condo fees include landscaping, water, Bell Fibe TV and unlimited internet.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$788,000
Land Transfer Taxes$16,175
Legal Fees (Est.)
$
Total cash required for closing$214,675

Total Monthly Obligation

$5,316/mo
Mortgage $3,973
Monthly Loss $4,271
Principal$1,046
Interest$2,928
Property Tax$440
Condo Fees$703
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.3%0
5-Year IRR
6.1%14
10-Year IRR
7.6%
Returns Index
8.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$42,000/yr
NOI
$21,686/yr
Net Cash Flow
-$2,166/mo
Cash Margin
-61.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
16.8/ 100

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

Comparables

Properties near 3265 South Millway 29

Time

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