2711 Spruce Needle Court, Mississauga

$2,450,000
2711 Spruce Needle Court

$2,450,000

New
22d
Detached2-Storey

2711 Spruce Needle Court, Mississauga

Total Monthly Obligation $11,315

Beds
6
Baths
6
Park
6
Sqft
3500-5000
DOM
22d
Score
18
Yield
4.7%
Cash on Cash
-2.9%
Cap Rate
4.0%
5Y IRR
13.3%
10Y IRR
12.8%
Property Type-Detached
MLS® Number-W13847084
Beds-6
Bathrooms-6
Size-3500-5000 sqft
Lot Size-28.89 × 120.03 ft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Detached
Taxes-$12,686 (2026)
Parking-6 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-SKYBOUND REALTY
Cooling-Central Air
Laundry-No
Fireplace-Family Room, Natural Gas, Rec Room, Electric, Living Room
Pool-Inground, Salt, Outdoor
Facing-North
Exterior-Stucco (Plaster), Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Negotiable
Neighbourhood-Erin Mills
Title-Residential Freehold

No agent assigned

**Welcome to 2711 Spruce Needle Court in beautiful and mature area of Erin Mills.** This stunning home offers over 4,000 sq. ft. of bright, open living space designed for modern families. With high ceilings, oversized windows, hardwood floors, and luxurious tile throughout, every room feels light and airy. The open-concept main floor is perfect for daily life. The chef's kitchen features new appliances, white cabinetry, quartz counters, and an oversized breakfast island. A separate dining room with a servery makes formal entertaining easy. The family room boasts floor-to-ceiling sliding doors that open completely to the backyard, creating a seamless indoor-outdoor flow. Upstairs, the primary suite is a true retreat: a large master bedroom with an electric fireplace, custom built-in bed with decorated wall designs, dual walk-in closets, and a spa-inspired 5-piece ensuite with a glass shower and freestanding tub overlooking the backyard and pool. Four more generous bedrooms include one with its own 4-piece ensuite and walk-in closet. A second-floor laundry adds convenience. The 5+1 bedrooms, finished basement, 5.5 baths, and attached garage with mudroom complete the interior. New roofing and furnace and A/C (2025).**Your private backyard resort** sits on a fully fenced 60' x 50' backyard. Enjoy a large saltwater pool (controller automated, with waterfalls and convertible fountain jets), a custom saltwater hot tub and a rare electric custom sauna both that you can use year round, a pool cabana with a games room, and a 3-piece bath. A smart robot keeps the pool clean effortlessly. A unique outdoor patio is covered, waterproofed and includes a kitchen, a gas stove, gas fire table, and fan. Plus, high-quality synthetic turf for soccer or golf for added entertainment. All this in a quiet court location, close to a sports complex, shopping, dining, and major highways within the vicinity. This isn't just a normal house, it's where family and friend memories are made.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,960,000
Land Transfer Taxes$47,725
Legal Fees (Est.)
$
Total cash required for closing$539,225

Total Monthly Obligation

$11,315/mo
Mortgage $9,883
Monthly Loss $8,714
Principal$2,601
Interest$7,282
Property Tax$1,057
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.2%2
5-Year IRR
10.7%40
10-Year IRR
11.0%
Returns Index
21.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$114,720/yr
NOI
$86,062/yr
Net Cash Flow
-$2,711/mo
Cash Margin
-28.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
0.8 mo15
Risk Index
14.8/ 100

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

Comparables

Properties near 2711 Spruce Needle Court

Time

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