962 Fredonia Drive, Mississauga

$2,699,000
962 Fredonia Drive

$2,699,000

New
7d
Detached2-Storey

962 Fredonia Drive, Mississauga

Total Monthly Obligation $12,977

Beds
7
Baths
6
Park
4
Sqft
3500-5000
DOM
7d
Score
15
Yield
3.5%
Cash on Cash
-9.4%
Cap Rate
2.6%
5Y IRR
8.2%
10Y IRR
8.9%
Property Type-Detached
MLS® Number-W14089170
Beds-7
Bathrooms-6
Size-3500-5000 sqft
Lot Size-35.53 × 153.34 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Age-6-15
Taxes-$20,583.09 (2026)
Parking-6 - Built-In
Basement-Separate Entrance, Apartment, Full
Heating-Forced Air (Gas)
Brokerage-SAM MCDADI REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Stone, Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Erindale
Title-Residential Freehold

No agent assigned

MOTIVATED SELLER!! Welcome to 962 Fredonia Dr, an exceptional family residence nestled on a quiet cul-de-sac in the vibrant Erindale community. Offering over 5,200 SF of finished living space, this home is thoughtfully designed for growing families, multi-generational living & exceptional everyday convenience. Step through the grand foyer & immediately appreciate the home's impressive interiors, highlighted by soaring ceilings, elegant wainscoting, rich hardwood flooring, pot lights & expansive windows throughout. The combined living & dining rooms provide refined spaces for hosting family gatherings, while a private main-floor office offers the ideal work-from-home environment. The chef-inspired kitchen overlooks the breakfast area & spacious family room, creating a warm & functional gathering space complete w/ built-in cabinetry, a fireplace & views of the backyard. Above, the four generous bedrooms boast impressive vaulted ceilings & custom closet organizers. The primary retreat offers dual walk-in closets, a luxurious 6-piece ensuite, a fireplace, & a sitting area, while the additional bedrooms enjoy ensuite access for added comfort & privacy. The lower level offers remarkable flexibility w/ a separate entrance & a self-contained 3-bedroom suite featuring 2 full bathrooms, spacious living areas, recreation space, a wine cellar, a cold room, and ample storage. Ideal for extended family, in-law living, a nanny suite, or valuable rental income potential. One of the home's most unique lifestyle advantages is its access to the Queensway corridor, providing direct rear-gate access to nearby walking and & cycling trails, Huron Park, the Community Centre, Trillium Hospital, & everyday amenities. This creates a unique blend of outdoor recreation and convenience right from your backyard. Perfectly located near top-rated schools, UTM, Credit River trails, Credit Valley Golf, and easy connections to Highways 403, 401, 407, and the QEW.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$2,159,200
Land Transfer Taxes$53,950
Legal Fees (Est.)
$
Total cash required for closing$595,250

Total Monthly Obligation

$12,977/mo
Mortgage $10,887
Monthly Loss $10,112
Principal$2,865
Interest$8,022
Property Tax$1,715
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.0%14
10-Year IRR
7.4%
Returns Index
8.4/ 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
$94,104/yr
NOI
$59,611/yr
Net Cash Flow
-$5,919/mo
Cash Margin
-75.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
0.7 mo14
Risk Index
12.1/ 100

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

Comparables

Properties near 962 Fredonia Drive

Time

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