889 Third Street, Mississauga

$819,900
889 Third Street

$819,900

New
24d
Detached1 1/2 Storey

889 Third Street, Mississauga

Total Monthly Obligation $4,094

Beds
3
Baths
3
Park
2
Sqft
1100-1500
DOM
24d
Score
23
Yield
5.9%
Cash on Cash
1.6%
Cap Rate
4.9%
5Y IRR
16.9%
10Y IRR
15.7%
Property Type-Detached
MLS® Number-W13841246
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-32.5 × 132 ft
Listed on site-Sep 29, 2026
Style-1 1/2 Storey
Building Type-Detached
Taxes-$4,942 (2026)
Parking-2 - None
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE ASSOCIATES
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Vinyl Siding, Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-FLEX
Neighbourhood-Lakeview
Title-Residential Freehold

No agent assigned

Character-filled lovely Lakeview home on a lush 132-ft corner lot, minutes from the lake! Boasting an 1107 sq ft functional floor plan that's full of natural light with a combined living room and dining room, separate family room, oversized kitchen with tons of cabinet space and a charming bay window. An additional sun room overlooks the beautiful greenery and flowers in the backyard. The main floor is finished with a stylish, renovated 3 piece bathroom ($35k) with a sleek, curbless, rainforest shower white hexagon tile finishes. Upstairs, there are two bedrooms- one with an oversized walk in closet, and a 3 piece bathroom. Enjoy more living space in the finished basement with a rec room, bedroom, 3 piece bathroom and lots of storage. Gardeners will delight in the spacious, abundant backyard that features a large deck overlooking a large mature maple tree, perennial gardens, a greenhouse and galvanized steel planters- perfect for growing your own fruits and veggies or flowers. The gas line makes it easy to host a bbq. Located in a fantastic pocket of Lakeview, south of the GO tracks and minutes from Lakeshore with easy access to miles of waterfront trail, Lakefront Promenade, and the brand new Jim Tovey Conservation Area. Minutes from the new Carmen Corbasson Community center, excellent schools, restaurants and bars in Port Credit and and a 5 minute drive to Long Branch GO station. Updates include: Back roof ("26), main roof ('21), furnace ('20), south fence ('22), main floor bathroom ('21), front and back doors ('25), deck ('20), HWT owned ('23). This is a great opportunity to own wonderful home with space, character, and an incredible backyard in South Mississauga.

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

Closing Costs

Mortgage Amount
$655,920
Land Transfer Taxes$12,873
Legal Fees (Est.)
$
Total cash required for closing$178,353

Total Monthly Obligation

$4,094/mo
Mortgage $3,307
Monthly Loss $3,224
Principal$870
Interest$2,437
Property Tax$412
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
4.2%28
Cash-on-Cash
-3.2%4
5-Year IRR
13.1%58
10-Year IRR
13.0%
Returns Index
30.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$48,312/yr
NOI
$34,039/yr
Net Cash Flow
-$471/mo
Cash Margin
-11.7%0
Cash Flow Index
0.5/ 100
Risk Profile
Weight: 20%
DSCR
0.8617
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
24.1/ 100

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

Comparables

Properties near 889 Third Street

Time

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