238 Lech Walesa Drive, Mississauga

$939,000
238 Lech Walesa Drive

$939,000

New
9d
Detached2-Storey

238 Lech Walesa Drive, Mississauga

Total Monthly Obligation $4,657

Beds
3
Baths
2
Park
2
Sqft
1100-1500
DOM
9d
Score
16
Yield
4.1%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Detached
MLS® Number-W14033156
Beds-3
Bathrooms-2
Size-1100-1500 sqft
Lot Size-29.59 × 120.7 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Detached
Taxes-$5,929.06 (2026)
Parking-3 - Attached
Basement-Partially Finished, Full
Heating-Forced Air (Gas)
Brokerage-THE KEY MARKET INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-South
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Fairview
Title-Residential Freehold

No agent assigned

Full brick detached home on a deep 120.7 ft lot with no neighbours behind, in a high-demand, family-friendly neighbourhood in the heart of Mississauga. Updated in all the right places and move-in ready! Southeast exposure with newer, oversized windows on the main and second floors that fill the home with natural light. Practical, efficient layout. Updated kitchen with granite countertops, pot lights, double sink, ample storage and counter space, plus a large, separate breakfast area with pantry and plenty of room for the whole family. Dining room with bay windows overlooking the deck and backyard. Living room with newer patio doors and built-in blinds for easy backyard access and privacy. Upstairs offers new upgraded hardwood flooring, 3 spacious bedrooms and a fully renovated 5-pc bath with double sink, quartz counters, new porcelain tiles, bathtub, exhaust fan and fixtures. Nearly finished basement with home office, large rec room with fireplace (as is), large utility/storage room and a separate room with bathroom rough-ins and sealed floor, ready to finish. Freshly painted interior, smooth ceilings throughout, oak staircase with new runner, top-up attic insulation and built-in closet organizers. Private, fully fenced backyard with a large deck, great for entertaining or unwinding after a long day. Oversized garage with storage area, private double driveway, interlocking walkway, enclosed front porch and gravel side walkway for better drainage. Easy walk to Cooksville GO and close to the Hurontario LRT. Minutes to Square One, Celebration Square, Kariya Park, Trillium Hospital, schools, T&T Supermarket, restaurants and the YMCA. Steps to Fairview Park with tennis court, soccer field and playground. Quick access to QEW, Hwy 403/401 and Pearson Airport. See attached supplement for full list of upgrades. Great location, generous lot, detached home. Don't miss this one!

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$
%
%
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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$751,200
Land Transfer Taxes$15,255
Legal Fees (Est.)
$
Total cash required for closing$204,555

Total Monthly Obligation

$4,657/mo
Mortgage $3,788
Monthly Loss $3,660
Principal$997
Interest$2,791
Property Tax$494
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.2%19
10-Year IRR
8.4%
Returns Index
11.0/ 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
$38,232/yr
NOI
$23,980/yr
Net Cash Flow
-$1,789/mo
Cash Margin
-56.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.1 mo32
Risk Index
18.6/ 100

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

Comparables

Properties near 238 Lech Walesa Drive

Time

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