2311 Bankside Drive, Mississauga

$999,000
2311 Bankside Drive

$999,000

New
16d
Semi-Detached 2-Storey

2311 Bankside Drive, Mississauga

Total Monthly Obligation $4,969

Beds
4
Baths
4
Park
2
Sqft
1500-2000
DOM
16d
Score
17
Yield
4.5%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.5%
Property Type-Semi-Detached
MLS® Number-W13873730
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-30.05 × 88.48 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Semi-Detached
Age-16-30
Taxes-$6,766.74 (2026)
Parking-3 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-East
Exterior-Brick, Board & Batten
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30-90 TBA
Neighbourhood-Central Erin Mills
Title-Residential Freehold

No agent assigned

Welcome to 2311 Bankside Drive, a beautifully maintained family home set on a rare ravine lot in Mississauga, offering outstanding privacy, mature trees & views toward the Mississauga City Centre skyline from your own backyard.This unique setting combines peaceful natural surroundings with the convenience of city living.The bright and spacious main floor features hardwood flooring,crown moulding,pot lights & an open-concept layout designed for both everyday living and entertaining.The generous kitchen offers abundant cabinetry & counter space, stainless steel appliances, subway-tile backsplash & a large breakfast bar overlooking the principal living areas.The adjoining family room is highlighted by a cozy gas fireplace and large windows and patio doors that fill the space with natural light while showcasing the treed setting beyond. A separate dining area and sun-filled front living room provide additional space for entertaining and family gatherings.Upstairs, the oversized primary bedroom offers plenty of room for a full bedroom suite along with a private ensuite featuring a separate shower and tub.Additional bright bedrooms provide comfortable space for family, guests or a home office. Convenient upper-level laundry adds to the home's functionality.The finished basement significantly expands the living space with a large open recreation area, additional bathroom plenty of flexibility for a home theatre, gym, games room, office or guest space.Outside is where this property truly stands apart.Step onto the large elevated deck overlooking the ravine, surrounded by mature trees and lush greenery with no homes directly behind.The backyard offers a peaceful retreat for summer entertaining, morning coffee or quiet evenings, while elevated views extend beyond the treetops toward the downtown Mississauga skyline.A rare combination of ravine privacy, skyline views, generous living space and a highly functional family layout offers a setting that is difficult to replicate.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$799,200
Land Transfer Taxes$16,455
Legal Fees (Est.)
$
Total cash required for closing$217,755

Total Monthly Obligation

$4,969/mo
Mortgage $4,030
Monthly Loss $3,908
Principal$1,060
Interest$2,969
Property Tax$564
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-9.0%1
5-Year IRR
8.5%26
10-Year IRR
9.4%
Returns Index
14.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$44,784/yr
NOI
$29,039/yr
Net Cash Flow
-$1,610/mo
Cash Margin
-43.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo30
Risk Index
18.4/ 100

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

Comparables

Properties near 2311 Bankside Drive

Time

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