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Erindale, Mississauga
$899,900
Attention Investors & Savvy Homebuyers! Rare opportunity to secure a high-yield, semi-detached fully renovated raised bungalow in the highly coveted Erindale pocket. Featuring a Partial vacant, legal-style 3+2 bedroom layout with 3 total bathrooms and a completely separate basement entrance. This property is an absolute cash-flow machine boasting a projected 6.4%+ Cap Rate and an estimated $57,600/year in gross rental income. The bright and spacious upper level features vinyl floors, an upgraded eat-in kitchen, and a primary bedroom with a rare 3-piece ensuite. The lower level offers a massive, fully self-contained 2-bedroom suite with its own kitchen, full bath, separate laundry, and large above-grade windows-perfect for premium student rentals or multi-generational living. Location is everything: Walk to the University of Toronto Mississauga (UTM), Erindale Park, top-rated schools, and direct transit to Square One. Whether you want to live upstairs and let the basement pay your mortgage, or rent both units for maximum ROI, turn-key properties with this kind of math do not last. Do not miss this one!
No extras listed.
| Type | Semi-Detached |
| Style | Bungalow-Raised |
| Approx. Age | Not available |
| Size | 1100-1500 sq. ft. |
| Property Tax | $6,193 |
| Lot Size | 35.75 ft x 120 ft |
| mls© Number | W13452068 |
| Listed By | ROYAL LEPAGE PINNACLE REAL ESTATE |
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