3250 The Credit Woodlands 16, Mississauga

$614,000
3250 The Credit Woodlands 16

$614,000

New
22d
Condo Townhouse2-Storey

3250 The Credit Woodlands 16, Mississauga

Total Monthly Obligation $3,593

Bed+Den
5+2
Baths
3
Park
2
Sqft
1000-1199
DOM
22d
Score
18
Yield
5.7%
Cash on Cash
-4.3%
Cap Rate
3.7%
5Y IRR
12.2%
10Y IRR
11.9%
Property Type-Condo Townhouse
MLS® Number-W13851766
Bed+Den-5+2
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$3,674.4 (2025)
Maintenance-$610/mo
Locker-None
Parking-2 - None
Basement-Finished, Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-ZOLO REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-IMMEDIATE
Neighbourhood-Erindale
Title-Residential Condo & Other

No agent assigned

Your dream home awaits in legendary Erindale, Mississauga! This beautifully updated 3 + 2-bedroom, 3-bathroom townhome offers an open-concept main floor, finished basement, stainless steel appliances, fresh neutral paint throughout, and numerous upgrades.Enjoy peace of mind with several improvements, including new basement flooring, new second-floor flooring, laundry room improvements with a new sink and faucet, stove upgraded with new parts, basement drywall repairs, and brand-new smoke and carbon monoxide detectors. Roof, window, insulation, attic and mold remediation work has already been completed by the Condominium Corporation/Management.Ideally located across from Springfield Public School and close to The Woodlands Secondary, St. Gerard Elementary and St. Jerome Separate School. Surrounded by the beautiful Riverwood Conservancy, Erindale Park and Credit River, offering exceptional natural surroundings year-round.Convenient access to Hwy 403, QEW and Erindale GO Station, with UTM, Credit Valley Hospital, Square One and Westdale Mall all nearby. Move-in ready with many upgrades-nothing to do but enjoy! Monthly maintenance fee of $610 includes water and covers exterior maintenance and services, including roof maintenance/repairs, exterior wall repairs, seals and other exterior-related upkeep.Status Certificate available and updated as of September 28, 2026.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$491,200
Land Transfer Taxes$8,755
Legal Fees (Est.)
$
Total cash required for closing$133,055

Total Monthly Obligation

$3,593/mo
Mortgage $2,477
Monthly Loss $2,941
Principal$652
Interest$1,825
Property Tax$306
Condo Fees$610
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.7%1
5-Year IRR
8.9%28
10-Year IRR
9.9%
Returns Index
15.4/ 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
$35,160/yr
NOI
$18,250/yr
Net Cash Flow
-$956/mo
Cash Margin
-32.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.617
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
23.0/ 100

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

Comparables

Properties near 3250 The Credit Woodlands 16

Time

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Data last updated within the past 24 hours.