966 Inverhouse Drive 1507, Mississauga

$565,000
966 Inverhouse Drive 1507

$565,000

New
9d
Condo ApartmentApartment

966 Inverhouse Drive 1507, Mississauga

Total Monthly Obligation $3,606

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
9d
Score
18
Yield
6.3%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Condo Apartment
MLS® Number-W14034028
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,882.93 (2026)
Maintenance-$886.83/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Electric)
Brokerage-REAL ESTATE HOMEWARD
Cooling-Wall Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Clarkson
Title-Residential Condo & Other

No agent assigned

High-altitude luxury living without the penthouse price tag. Perched high in the sky, this beautifully updated 3-bedroom, 2-bathroom delivers a welcoming entry foyer, sun-drenched afternoon light, and spectacular sunsets. The layout features a king-size primary bedroom complete with its own private 3-piece ensuite, alongside an elegant 4-piece main bathroom, both meticulously updated with luxury fixtures and premium counters. The heart of the home is an open-concept galley kitchen featuring premium quartz countertops that extend through the pantry and in-suite laundry area. Sleek contemporary wood cabinetry and a breakfast bar overlook a bright dining space and a welcoming living room. Step out onto the 10'5" x 11'3" west-facing balcony, where sleek glass railings ensure completely uninterrupted views, including a partial view of Lake Ontario. This rare, barbecue-friendly outdoor haven comes fully equipped with an external outlet for instant plug-and-play lighting or music. Parking and storage are a true goldmine: 1 exclusive underground parking spot, 1 exclusive locker, large in-suite storage room, plus access to additional unassigned rear surface parking (where the sellers parked a 2nd vehicle for 26 years) as well as plenty of visitor parking! Enjoy a resort lifestyle with an outdoor pool, tennis/pickleball court, playground, gym, library, party room, bike storage, and a fenced dog area. Walk to Clarkson GO Station for a 35-minute commute to Toronto. Minutes from village dining, Lakeside Park, and the beautiful Rattray Marsh Conservation Area! Turn-key lifestyle at its finest!

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$452,000
Land Transfer Taxes$7,775
Legal Fees (Est.)
$
Total cash required for closing$122,275

Total Monthly Obligation

$3,606/mo
Mortgage $2,279
Monthly Loss $3,006
Principal$600
Interest$1,679
Property Tax$240
Condo Fees$887
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.6%26
10-Year IRR
9.7%
Returns Index
14.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$35,592/yr
NOI
$16,108/yr
Net Cash Flow
-$937/mo
Cash Margin
-31.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
22.7/ 100

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

Comparables

Properties near 966 Inverhouse Drive 1507

Time

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