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Our Mississauga crush this week might not awestruck you just from looking at the photos, but when we consider the investment and rental potential of this property, I think you may just change your tune.

In the most south west corner of Mississauga is 2631 Sherhill Drive Dr: a 3+2 bedroom, 2 bathroom, semi detached bungalow listed at $829,000.

Why do I love this home?

  • Full (and renovated) basement apartment with separate entrance
  • Newer floors, kitchen, bathrooms, potlights
  • 30 ft lot
  • In one of the last affordable neighbourhoods in south Mississauga (Clarkson)
  • Short distance to Clarkson Go (which gets you downtown in 20 minutes on the express train)
  • Close to the lake, parks, and gentrifying Lakeshore strip

The best part? Basement apartments in Clarkson are desirable, and profitable – they rent anywhere from $1650 a month to $1750 a month for a 2 br (depending on size and finishes).

Assuming a 20% down payment on an $829,000 purchase price + a 2.64% mortgage over a 25 year amortization – renting out this basement could mean reducing your monthly mortgage expenses to just under $1,500 a month.

How good is that basement apartment looking now?

Want to check it out? Let’s see it together.

 

2631 Sherhill Drive Dr

$829,000

 

Listed by: Rajiv Sadana, Pace Realty Inc

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