3409 Ridgeway Drive 23, Mississauga

$610,000
3409 Ridgeway Drive 23

$610,000

New
10d
Condo TownhouseStacked Townhouse

3409 Ridgeway Drive 23, Mississauga

Total Monthly Obligation $3,379

HausQ Valuation Report
Beds
2
Baths
3
Park
1
Sqft
900-999
DOM
10d
Score
16
Yield
4.2%
Cash on Cash
-9.3%
Cap Rate
2.6%
5Y IRR
8.3%
10Y IRR
8.9%
Property Type-Condo Townhouse
MLS® Number-W14092080
Beds-2
Bathrooms-3
Size-900-999 sqft
Listed on site-Oct 13, 2026
Style-Stacked Townhouse
Building Type-Condo Townhouse
Taxes-$4,046 (2026)
Maintenance-$381.3/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-flexible
Neighbourhood-Erin Mills
Title-Residential Condo & Other

No agent assigned

Beautiful 2-bedroom, 3-bathroom condo townhouse featuring 9-ft ceilings on the main level and a bright, open-concept layout. Modern kitchen boasts stainless steel appliances and quartz countertops, with quartz finishes throughout. Enjoy a spacious walk-out patio, perfect for relaxing or entertaining. The primary bedroom offers a closet and a 4-piece ensuite, while convenient second-floor laundry adds everyday functionality. No carpets throughout. Includes 1 parking space and 1 locker, ideally located close to Walmart, Costco, parks, and major highways.

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

Closing Costs

Mortgage Amount
$488,000
Land Transfer Taxes$8,675
Legal Fees (Est.)
$
Total cash required for closing$132,175

Total Monthly Obligation

$3,379/mo
Mortgage $2,461
Monthly Loss $2,732
Principal$647
Interest$1,813
Property Tax$337
Condo Fees$381
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.2%0
5-Year IRR
5.4%12
10-Year IRR
7.1%
Returns Index
7.3/ 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
$25,800/yr
NOI
$12,198/yr
Net Cash Flow
-$1,444/mo
Cash Margin
-67.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.413
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo47
Risk Index
23.0/ 100

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

Comparables

Properties near 3409 Ridgeway Drive 23

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.