2332 Folkway Drive, Mississauga

$1,429,900
2332 Folkway Drive

$1,429,900

New
21d
DetachedBacksplit 5

2332 Folkway Drive, Mississauga

Total Monthly Obligation $6,811

Beds
6
Baths
4
Park
4
Sqft
2000-2500
DOM
21d
Score
16
Yield
3.8%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.1%
Property Type-Detached
MLS® Number-W13854374
Beds-6
Bathrooms-4
Size-2000-2500 sqft
Lot Size-50.08 × 120.19 ft
Listed on site-Oct 2, 2026
Style-Backsplit 5
Building Type-Detached
Taxes-$8,023 (2025)
Parking-6 - Attached
Basement-Full, Finished
Heating-Forced Air (Gas)
Brokerage-REMAX YOUR COMMUNITY REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Erin Mills
Title-Residential Freehold

No agent assigned

Nestled within Erin Mills' highly coveted Sawmill Valley community, 2332 Folkway Drive is a modernized, turnkey detached property that masterfully balances sophisticated style w/ everyday functionality. Spanning roughly 3,582 SF of total living space, this meticulously renovated 4+2bedroom, 4-bathroom home with copious natural light presents an open-concept main floor, w/ a stunning cathedral ceiling in the living room, designed for both effortless family life &upscale entertaining. The bespoke kitchen, designed w/ the amateur chef in mind, features sleek quartz countertops, premium stainless steel appliances including a 36" gas range, & an eat-in breakfast bar overlooking the lush garden. The sunny family room, complete with a gas fireplace is ideal for both quality time & casual entertaining, w/ direct double-door access to the private backyard. Upstairs, the primary bedroom serves as a unique, two-storey sanctuary anchored by a lavish, oversized spa-style ensuite bath, a large walk-in closet, and several windows, making this one of the highlights of the home. The lower level continues to impress w/a spacious rec room & above-grade windows, a sizeable home gym, and a guest bedroom complete with an ensuite bath and heated floors. Outside, you will find professionally landscaped grounds w/ a dual-zone irrigation system & treed private enclave ideal for al fresco dining. Located just steps away from top-tier schools including UTM, shopping, highways 403, 407 & QEW, the Erindale GO Station, Credit Valley Hospital, not to mention abundant walking trails &parks, this home truly has it all, and more.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$1,143,920
Land Transfer Taxes$25,073
Legal Fees (Est.)
$
Total cash required for closing$312,553

Total Monthly Obligation

$6,811/mo
Mortgage $5,768
Monthly Loss $5,294
Principal$1,518
Interest$4,250
Property Tax$669
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-10.7%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
10.9/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$54,360/yr
NOI
$36,401/yr
Net Cash Flow
-$2,734/mo
Cash Margin
-60.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo22
Risk Index
15.2/ 100

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

Comparables

Properties near 2332 Folkway Drive

Time

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Data last updated within the past 24 hours.