3573 Colonial Drive, Mississauga

$1,399,000
3573 Colonial Drive

$1,399,000

New
21d
Detached2-Storey

3573 Colonial Drive, Mississauga

Total Monthly Obligation $6,763

HausQ Valuation Report
Beds
6
Baths
7
Park
4
Sqft
2500-3000
DOM
21d
Score
18
Yield
4.8%
Cash on Cash
-3.3%
Cap Rate
3.9%
5Y IRR
12.9%
10Y IRR
12.5%
Property Type-Detached
MLS® Number-W13852974
Beds-6
Bathrooms-7
Size-2500-3000 sqft
Lot Size-54.85 × 124.54 ft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Detached
Taxes-$8,943 (2025)
Parking-6 - Attached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-TAIHOME REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete, Unknown
Sewer-Sewer
Possession-Flexible
Neighbourhood-Erin Mills
Title-Residential Freehold

No agent assigned

Enjoy privacy and a peaceful woodland backdrop in this beautifully updated 4-bedroom home in the heart of Erin Mills. Situated on a premium lot backing onto woodlands, this spacious family home features separate living, dining and family rooms, an eat-in kitchen, and a walkout to the private backyard. Upstairs, four generously sized bedrooms include a primary bedroom with an ensuite. A finished basement with a separate entrance offers additional living space for extended family. Updates completed in 2026 include new roof shingles, a newly paved driveway, new flooring and new kitchen appliances. Freshly painted and move-in ready, this home combines comfortable family living with convenient access to schools, parks, shopping, public transit and major highways.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$1,119,200
Land Transfer Taxes$24,455
Legal Fees (Est.)
$
Total cash required for closing$305,755

Total Monthly Obligation

$6,763/mo
Mortgage $5,643
Monthly Loss $5,278
Principal$1,485
Interest$4,158
Property Tax$745
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.3%21
Cash-on-Cash
-7.1%1
5-Year IRR
10.0%35
10-Year IRR
10.6%
Returns Index
18.9/ 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
$66,552/yr
NOI
$46,454/yr
Net Cash Flow
-$1,772/mo
Cash Margin
-32.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.699
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
16.6/ 100

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

Comparables

Properties near 3573 Colonial Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.