974 Owenwood Drive, Mississauga

$1,749,000
974 Owenwood Drive

$1,749,000

New
23d
DetachedSidesplit

974 Owenwood Drive, Mississauga

Total Monthly Obligation $8,401

Beds
3
Baths
3
Park
6
Sqft
1500-2000
DOM
23d
Score
15
Yield
3.4%
Cash on Cash
-9.4%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.8%
Property Type-Detached
MLS® Number-W13845444
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-100 × 143.6 ft
Listed on site-Sep 30, 2026
Style-Sidesplit
Building Type-Detached
Age-51-99
Taxes-$11,651.42 (2026)
Parking-8 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REAL ESTATE SERVICES PHINNEY REAL EST
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-Inground, Salt
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Block
Sewer-Sewer
Possession-TBD
Neighbourhood-Clarkson
Title-Residential Freehold

No agent assigned

Fabulous Mid Century Modern sidesplit in desirable Rattray Marsh enclave on 100 ft frontage , a short walk to Lake Ontario, Jack Darling Park, Rattray nature trail systems and a dog park. A short walk to Owenwood Public School offering a lifestyle where the kids can come home for lunch or bring friends for play dates! Enjoy high cathedral ceilings in open concept living & dining rms, a floor-to-ceiling stone fireplace and picture windows overlooking the magnificent grounds w/ sprinkler system, a saltwater pool, beautiful Rhododendron bushes, and tall mature trees, patios that all add to the ambiance of the backyard. Enjoy an updated eat-in Kitchen, mudroom (could be another laundry) and powder room. A separate entrance leads to a finished lower level with Recreation room w/ fireplace, built-ins and a full bath & current laundry. New broadloom throughout upper bedrooms and large updated bath. This is a great home to live comfortably now, and also leave open the idea of building later, with lots of new builds in the area allowing great future opportunity!.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,399,200
Land Transfer Taxes$31,455
Legal Fees (Est.)
$
Total cash required for closing$382,755

Total Monthly Obligation

$8,401/mo
Mortgage $7,055
Monthly Loss $6,544
Principal$1,857
Interest$5,198
Property Tax$971
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.5%0
5-Year IRR
5.8%13
10-Year IRR
7.3%
Returns Index
8.0/ 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
$59,700/yr
NOI
$37,579/yr
Net Cash Flow
-$3,923/mo
Cash Margin
-78.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo19
Risk Index
13.6/ 100

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

Comparables

Properties near 974 Owenwood Drive

Time

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