1480 Britannia Road W 63, Mississauga

$699,900
1480 Britannia Road W 63

$699,900

New
2d
Semi-Detached Condo2-Storey

1480 Britannia Road W 63, Mississauga

Total Monthly Obligation $3,587

Beds
3
Baths
3
Park
1
Sqft
1200-1399
DOM
2d
Score
19
Yield
4.9%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Semi-Detached Condo
MLS® Number-W14103466
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 21, 2026
Style-2-Storey
Building Type-Semi-Detached Condo
Age-16-30
Taxes-$4,600.69 (2025)
Maintenance-$180.5/mo
Locker-None
Parking-2 - Built-In
Basement-Full, Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK PEGGY HILL GROUP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Possession-Flexible
Neighbourhood-East Credit
Title-Residential Condo & Other

No agent assigned

PARK-BACKING, MOVE-IN READY & LOVINGLY CARED FOR! Warning: side effects of touring this semi-detached condo may include park-view envy, a sudden kitchen obsession and the overwhelming urge to start packing before the showing is over! Meticulously maintained and completely move-in ready, this home is one of the few select units in the complex backing directly onto a park and playground. Mature trees, open green space and an elevated deck with an awning overlooking it all create a backyard setting that stands apart from typical condo living. The renovated eat-in kitchen steals plenty of attention with grey cabinetry, quartz countertops, stainless steel appliances, a tile backsplash, breakfast bar seating and an adjacent eating area with a walkout to the elevated deck. Hardwood floors extend through the living and dining area, where pot lights and a large window enhance the space. The spacious primary bedroom features a walk-in closet and 4-piece ensuite, joined by two additional bedrooms and a full bath. The finished walkout lower level adds a rec room with custom built-in shelving and direct access to the backyard patio, creating even more space to spread out and enjoy. Low maintenance fees, pride of ownership throughout and a beautifully maintained complex make this an easy choice, while Heartland Town Centre, restaurants, schools, transit and major commuter routes are all just minutes away. Some homes offer a nice view. This one puts the park in your backyard.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,587/mo
Mortgage $2,823
Monthly Loss $2,844
Principal$743
Interest$2,080
Property Tax$383
Condo Fees$181
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.3%31
10-Year IRR
10.0%
Returns Index
16.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,320/yr
NOI
$21,721/yr
Net Cash Flow
-$1,013/mo
Cash Margin
-35.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
23.3/ 100

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

Comparables

Properties near 1480 Britannia Road W 63

Time

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