3421 Ridgeway Drive 1, Mississauga

$599,900
3421 Ridgeway Drive 1

$599,900

New
15d
Condo TownhouseStacked Townhouse

3421 Ridgeway Drive 1, Mississauga

Total Monthly Obligation $3,150

HausQ Valuation Report
Beds
2
Baths
3
Park
1
Sqft
1200-1399
DOM
15d
Score
21
Yield
5.5%
Cash on Cash
-2.0%
Cap Rate
4.1%
5Y IRR
14.0%
10Y IRR
13.3%
Property Type-Condo Townhouse
MLS® Number-W13878366
Beds-2
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 8, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$2,326.54 (2025)
Maintenance-$336/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REAL ESTATE CENTRE INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-90/120 Days
Neighbourhood-Erin Mills
Title-Residential Condo & Other

No agent assigned

Price to sell, Corner 2 bedroom stacked condo townhouse in desirable Erin Mills location inMississauga with modern glass Rooftop terrace, BBQ gas connections on the rooftop, Beautifullyupgraded, 9' ceiling, stainless steel appliances, 4 pc ensuite in the Principal room. Verynice complex with professionally designed landscape, play ground & lighting to provideincreased visibility & great neighbourhood ambiance !!! This location offers suburban livingwith big city vibes with Erin Mills Town Centre shopping mall, Community Centre, schools,parks, Hwy# 401, 403 & 407 close by.

$
$
%
%
$
$
$
(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

$3,150/mo
Mortgage $2,420
Monthly Loss $2,513
Principal$637
Interest$1,783
Property Tax$194
Condo Fees$336
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.4%2
5-Year IRR
10.6%40
10-Year IRR
11.1%
Returns Index
21.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$32,832/yr
NOI
$20,790/yr
Net Cash Flow
-$687/mo
Cash Margin
-25.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
26.6/ 100

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

Comparables

Properties near 3421 Ridgeway Drive 1

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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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.