3422 Credit Heights Drive, Mississauga

$1,295,000
3422 Credit Heights Drive

$1,295,000

New
2d
DetachedBacksplit 4

3422 Credit Heights Drive, Mississauga

Total Monthly Obligation $6,203

HausQ Valuation Report
Beds
5
Baths
3
Park
4
Sqft
1500-2000
DOM
2d
Score
15
Yield
3.6%
Cash on Cash
-8.3%
Cap Rate
2.8%
5Y IRR
9.0%
10Y IRR
9.5%
Property Type-Detached
MLS® Number-W14103840
Beds-5
Bathrooms-3
Size-1500-2000 sqft
Lot Size-58.01 × 150 ft
Listed on site-Oct 21, 2026
Style-Backsplit 4
Building Type-Detached
Taxes-$7,247 (2025)
Parking-6 - Attached
Basement-Finished, Separate Entrance
Heating-Baseboard (Gas)
Brokerage-SNOBAR REALTY GROUP INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Erindale
Title-Residential Freehold

No agent assigned

Rare Pie-Shaped Ravine Lot in Prestigious Credit Heights! An exceptional opportunity to own a Muskoka-like setting on an oversized, premium lot backing onto the ravine with direct access to Culham Trail. This renovated home offers over 2,300 sq. ft. of beautifully updated living space, featuring a functional layout with separate living and family rooms and a walk-out to a private, mostly flat backyard-perfect for entertaining or relaxing in nature. Charming deep bay windows throughout fill the home with natural light and add timeless character. The expansive 58' x 150' lot widens to an impressive 79' at the rear. Includes 5 spacious bedrooms and a basement unit with separate entrance-ideal for extended family or income potential. A rare offering-come experience it and fall in love! Walking distance to Credit River With Beautiful Nature Trails & Greenery. Minutes To All The Amenities Including Erindale Go, Square One, Erindale Park, Utm, Hospitals, And More!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,036,000
Land Transfer Taxes$22,375
Legal Fees (Est.)
$
Total cash required for closing$282,875

Total Monthly Obligation

$6,203/mo
Mortgage $5,224
Monthly Loss $4,828
Principal$1,375
Interest$3,849
Property Tax$604
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.3%15
10-Year IRR
7.7%
Returns Index
9.1/ 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
$46,320/yr
NOI
$29,941/yr
Net Cash Flow
-$2,729/mo
Cash Margin
-70.7%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
15.6/ 100

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

Comparables

Properties near 3422 Credit Heights 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.