5965 River Grove Avenue, Mississauga

$1,499,900
5965 River Grove Avenue

$1,499,900

New
3d
Detached2-Storey

5965 River Grove Avenue, Mississauga

Total Monthly Obligation $7,158

Beds
8
Baths
5
Park
3
Sqft
3000-3500
DOM
3d
Score
15
Yield
3.6%
Cash on Cash
-8.4%
Cap Rate
2.8%
5Y IRR
9.0%
10Y IRR
9.4%
Property Type-Detached
MLS® Number-W14099142
Beds-8
Bathrooms-5
Size-3000-3500 sqft
Lot Size-57.03 × 113.85 ft
Listed on site-Oct 20, 2026
Style-2-Storey
Building Type-Detached
Taxes-$8,798.18 (2026)
Parking-5 - Attached
Basement-Apartment, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-TBD
Neighbourhood-East Credit
Title-Residential Freehold

No agent assigned

Absolutely stunning 5-bedroom detached home offering over 4,000 sq ft of bright, spaciousliving in the highly desirable River Grove community. Situated in one of the area's mostsought-after neighborhoods, this property is a legal two-dwelling unit and is convenientlyclose to top-rated schools, community centres, public transit, and Heartland Town Centre. Themain level showcases elegant hardwood flooring and a versatile den for a home office alongsidegenerously sized principal rooms designed for comfortable family living. Extensive upgrades have been completed, including a renovated main floor with new flooring and kitchen appliances, a new roof, modern light fixtures, updated stairs, and a newly finished driveway. The basement is thoughtfully configured with two self-contained units: a 2-bedroom apartment and a 1-bedroomstudio, each featuring its own kitchen and washroom, along with a separate shared laundry area. Strong rental income potential(over $3,500 per month), an excellent opportunity for investors or multi-generational living. A rare chance to own a turnkey property with significant income potential in a prime location !!!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,199,920
Land Transfer Taxes$26,473
Legal Fees (Est.)
$
Total cash required for closing$327,953

Total Monthly Obligation

$7,158/mo
Mortgage $6,050
Monthly Loss $5,566
Principal$1,592
Interest$4,458
Property Tax$733
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.7%0
5-Year IRR
6.4%16
10-Year IRR
7.8%
Returns Index
9.2/ 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
$53,532/yr
NOI
$34,881/yr
Net Cash Flow
-$3,143/mo
Cash Margin
-70.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
1.4 mo21
Risk Index
14.6/ 100

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

Comparables

Properties near 5965 River Grove Avenue

Time

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