2141 Herridge Drive, Mississauga

$1,299,999
2141 Herridge Drive

$1,299,999

New
2d
DetachedBacksplit 3

2141 Herridge Drive, Mississauga

Total Monthly Obligation $6,219

Beds
3
Baths
3
Park
4
Sqft
1100-1500
DOM
2d
Score
15
Yield
3.6%
Cash on Cash
-8.3%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.5%
Property Type-Detached
MLS® Number-W14103344
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-51.19 × 117.86 ft
Listed on site-Oct 21, 2026
Style-Backsplit 3
Building Type-Detached
Taxes-$7,201.9 (2026)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-Royal LePage Real Estate Associates
Cooling-Central Air
Laundry-No
Fireplace-Electric, Other
Pool-None
Facing-North
Exterior-Brick, Aluminum Siding
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Immediate
Neighbourhood-Sheridan
Title-Residential Freehold

No agent assigned

Welcome to 2141 Herridge Drive! This beautifully upgraded 3-bedroom, 3-bathroom home in the sought-after Sheridan neighbourhood blends modern design, sophisticated finishes and thoughtful upgrades throughout. The main level features white oak wide-plank hardwood flooring and pot lights. A custom living room feature wall with an electric fireplace and touch controls creates a stunning focal point, complemented by smart home technology, including Google Home-connected light switches and an Ecobee smart thermostat. An elegant glass staircase railing further enhances the home's contemporary aesthetic. The home has also been updated with copper wiring throughout, replacing the original aluminum wiring. The upgraded kitchen and basement kitchenette showcase custom cabinetry with extended storage, stylish quartz countertops, modern backsplashes and waterfall-edge finishes. All three bathrooms were renovated with heated porcelain tile flooring, quartz countertops, premium Riobel plumbing fixtures, Schluter systems, smart thermostats, and sleek glass-enclosed showers. The finished basement offers updated luxury vinyl flooring and a convenient kitchenette peninsula with a mini-fridge, providing added versatility for everyday living and entertaining. Outside, enjoy enhanced curb appeal with updated pot lights and sconces, cedar trees lining the backyard perimeter for added privacy and greenery, and a sleek epoxy-finished garage floor that complements the home's modern finishes.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,039,999
Land Transfer Taxes$22,475
Legal Fees (Est.)
$
Total cash required for closing$283,975

Total Monthly Obligation

$6,219/mo
Mortgage $5,244
Monthly Loss $4,839
Principal$1,380
Interest$3,864
Property Tax$600
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.7%0
5-Year IRR
6.4%16
10-Year IRR
7.8%
Returns Index
9.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$46,596/yr
NOI
$30,234/yr
Net Cash Flow
-$2,724/mo
Cash Margin
-70.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo24
Risk Index
15.5/ 100

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

Comparables

Properties near 2141 Herridge 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.