3022 Cornish Road, Mississauga

$1,699,000
3022 Cornish Road

$1,699,000

New
9d
Detached2-Storey

3022 Cornish Road, Mississauga

Total Monthly Obligation $8,139

Beds
4
Baths
4
Park
6
Sqft
3500-5000
DOM
9d
Score
17
Yield
4.5%
Cash on Cash
-4.3%
Cap Rate
3.7%
5Y IRR
12.1%
10Y IRR
11.9%
Property Type-Detached
MLS® Number-W14032980
Beds-4
Bathrooms-4
Size-3500-5000 sqft
Lot Size-54.86 × 168.47 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Detached
Taxes-$10,933.41 (2026)
Parking-8 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTY SPECIALISTS INC.
Cooling-Central Air
Laundry-No
Fireplace-Wood
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-FLEXIBLE
Neighbourhood-Erin Mills
Title-Residential Freehold

No agent assigned

Welcome to 3022 Cornish Road in Erin Mills. This property has not been offered on the market since 1987 - original owners! Excellent build quality, large rooms throughout, and the perfect layout for a growing family! Take advantage of the massive backyard, perfect for a garden, kid's jungle gym, or potential future pool. The home features a large open entrance area, with a semi-spiral staircase. Located in Central Erin Mills, the home sits in the catchment for John Fraser Secondary School and St. Aloysius Gonzaga Secondary School. The basement is finished and features a large room, a 3 piece bathroom, and a sauna!

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

Closing Costs

Mortgage Amount
$1,359,200
Land Transfer Taxes$30,455
Legal Fees (Est.)
$
Total cash required for closing$371,755

Total Monthly Obligation

$8,139/mo
Mortgage $6,853
Monthly Loss $6,336
Principal$1,803
Interest$5,050
Property Tax$911
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%19
Cash-on-Cash
-7.8%1
5-Year IRR
9.4%31
10-Year IRR
10.1%
Returns Index
16.9/ 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
$76,800/yr
NOI
$53,687/yr
Net Cash Flow
-$2,379/mo
Cash Margin
-37.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.658
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo19
Risk Index
15.2/ 100

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

Comparables

Properties near 3022 Cornish Road

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.