Renovation Opportunity with Income! This detached home is a currently income-producing rental generating $5,600/month+Utilities, offering an excellent opportunity for investors or end-users looking to add value through renovations. Fantastic location-minutes to City Centre, Square One Mall, LRT, and major highways including 403, 401, 407 & QEW. The property features a double garage, 4+2 bedrooms, and a spacious, bright main living area. The finished basement includes a separate entrance, second kitchen, second laundry, and additional living space-ideal for extended family or future rental income.A strong investment opportunity with solid cash flow today and significant upside potential in the future.
Address
5213 Palomar Crescent
List Price
$1,250,000
MLS® Status
New
Expiration Date
2026-05-31
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Mississauga
Sub-Area
Hurontario
Region
Peel
Bedrooms
4 + 2
Bedrooms (Total)
6
Rooms Above Grade
10
Rooms (Total)
10
Bathrooms
4
Floor Area
2500-3000 Sq. Ft.
Lot Depth
112.33
Lot Size Units
Feet
Lot Width
33.26
Parcel Number
131920235
Occupant Type
Tenant
Cross Street
Eglinton Ave & Mavis Rd
MLS® Number
W12690858
Listing Brokerage
HOME AND BUSINESS REALTY
Basement Area
Finished, Separate Entrance
Postal Code
L5R 2W8
Posession Details
Flexible
Parking
Private Double
Parking Places (Total)
7
Parking Spaces
5
Tax Amount
$7,216.37
Tax Year
2025
Site Influences
Fenced Yard, Hospital, Library, Park, Public Transit, School
Interior Features
Other
Property Features
Fenced Yard, Hospital, Library, Park, Public Transit, School
Central Vacuum
No
Family Room
Yes
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Senior Community
No
Board Or Association
Toronto Regional Real Estate Board
Heating
Yes
Heat Source
Gas
Heat Type
Forced Air
Cooling
Yes
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
West
Fireplace
Yes
Foundation Details
Concrete
Garage
Yes
Garage Type
Attached
Attached Garage
Yes
Covered Spaces
2
Kitchens Total
2
Kitchens Above Grade
1
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
Pl M791 Lt43
Waterfront
No
Sewer
Sewer