3562 Colonial Drive 3, Mississauga

$599,900
3562 Colonial Drive 3

$599,900

New
22d
Condo Townhouse2-Storey

3562 Colonial Drive 3, Mississauga

Total Monthly Obligation $3,300

HausQ Valuation Report
Beds
2
Baths
3
Park
1
Sqft
900-999
DOM
22d
Score
18
Yield
5.2%
Cash on Cash
-4.8%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.6%
Property Type-Condo Townhouse
MLS® Number-W13859436
Beds-2
Bathrooms-3
Size-900-999 sqft
Listed on site-Oct 1, 2026
Style-2-Storey
Building Type-Condo Townhouse
Age-0-5
Taxes-$3,846 (2025)
Maintenance-$360.06/mo
Locker-None
Parking-1 - Underground
Basement-Crawl Space
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE CERTIFIED REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-30/60 Days
Neighbourhood-Erin Mills
Title-Residential Condo & Other

No agent assigned

Beautiful & Spacious 2-Bedroom, 2.5-Bath Luxury Condo Townhouse in Erin Mills. Approx 999 Sq Ft. Thoughtfully Designed Open Concept Layout with Additional Basement Storage (Crawl space). Generously Sized Bedrooms, Primary Featuring a 4-Piece Ensuite and Closet. Modern Open Kitchen with Stainless Steel Appliances, Pantry, and Central Island. Convenient 2nd Level Laundry. Mins to Amenities, Including Ridgeway Plaza, Walmart, Costco, Major Retailers, Parks, and Community Centre.

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

Closing Costs

Mortgage Amount
$479,920
Land Transfer Taxes$8,473
Legal Fees (Est.)
$
Total cash required for closing$129,953

Total Monthly Obligation

$3,300/mo
Mortgage $2,420
Monthly Loss $2,664
Principal$637
Interest$1,783
Property Tax$321
Condo Fees$360
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.1%1
5-Year IRR
8.5%26
10-Year IRR
9.5%
Returns Index
14.2/ 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
$30,936/yr
NOI
$17,276/yr
Net Cash Flow
-$980/mo
Cash Margin
-38.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.4/ 100

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

Comparables

Properties near 3562 Colonial Drive 3

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.