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Mineola, Mississauga
$1,189,000
Amazing investment opportunity! Fully renovated legal duplex in one of Mississauga's highest-demand neighbourhoods. This turnkey income-producing home offers potential gross annual revenue of up to $$84,000, Main floor unit #1 - Income Potential $2400/month, $28,800/year. Main floor unit #2 - Income Potential $2,200/month, $26,400/year. Basement unit #1 - Income Potential $1,200/month, $14,400/year. Basement unit #2 - Income Potential $1,200/month, $14,400/year. Annual gross income potential $84,000. Positioned just steps from the Port Credit GO Station, the property benefits from premium transit connectivity and long-term appreciation potential in a rapidly developing neighbourhood. Features include 3 front parking spaces, plus a single-car garage with attached storage/workshop totaling approximately 800 sq ft. A rare opportunity to acquire a fully updated, low-maintenance duplex in a premier location with strong rental demand and exceptional upside.
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What the bank counts
This home's actual carrying costs, payment stress-tested at 6%
- Mortgage, tested at 6%
- $6,086
- Property tax
- $644
- Heat allowance
- $150
- Housing costs
- $6,880 / mo
Lenders cap these at 39% of gross income — that sets the number.
Income needed
$212,000
gross annual household income
- Payment at 4%
- $5,004 / mo
- Cash down
- $237,800
Assumes no other monthly debts · 25-yr amortization
Full affordability checkInvestment Analysis
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