# Reverse Mortgage Streetsville: Village Homes | ReverseMortgageMississauga.ca > Reverse mortgage help in Streetsville: 2026 Q2 TRREB prices and Mississauga's rules for a garden suite on your lot. Free estimate, no sales pressure. URL: https://reversemortgagemississauga.ca/service-areas/streetsville/ Streetsville, City of Mississauga # Reverse Mortgages in Streetsville: Tax-Free Money to Stay or Build for Family A reverse mortgage in Streetsville gives owners 55 and older money from their home's value, and they have no required monthly mortgage payments. Streetsville detached homes that sold from April to June 2026 had a median price of $1,225,000. At 70, up to 52.85% of that is about $647,000, which could pay for repairs, a mortgage payoff or a garden suite for family. [Get my free Streetsville estimate](https://reversemortgagebroker.ca/estimate/?utm_source=reversemortgagemississauga&utm_medium=satellite&utm_campaign=streetsville) [Try the calculator](/tools/reverse-mortgage-calculator-mississauga/) No cost and no sales pressure, and asking for an estimate has no effect on your credit. Last updated October 15, 2026 ## Why Streetsville Homeowners Ask About a Reverse Mortgage A family member who wants to live close A grandchild starting out, or an adult child coming home, may want to live near you. Mississauga allows up to three units on a detached, semi or townhouse lot. Income that is mostly CPP and OAS When most of your income is CPP and OAS, a tax bill or a car repair can empty the savings account. A reverse mortgage adds money without adding a monthly mortgage payment. Leaving the village you know Selling to buy a condo elsewhere means leaving Queen Street, the GO station and the neighbours you know. A reverse mortgage lets you stay in your home. An older house near the Queen Street core Streetsville was settled in 1819, and its historic core around Queen Street keeps a small-town streetscape. Keeping an older house there in good repair can cost more each year; the money can pay for that, and a booked repair can sometimes be built in with a holdback. [ReverseMortgageMississauga.ca](/) walks Streetsville homeowners 55 and older through how a reverse mortgage in Streetsville works, from the prices of homes that sold there in 2026 to the City’s rules for adding a unit for family. A reverse mortgage lets you borrow against your home with no required monthly mortgage payments. The property taxes, home insurance and upkeep remain your bills. ## “The Village in the City” Streetsville was settled in 1819, became a village in 1858 and a town in 1962, and joined Mississauga in 1974 ([Wikipedia, Streetsville](https://en.wikipedia.org/wiki/Streetsville,_Mississauga)). It still calls itself “The Village in the City”, and Queen Street keeps the look of a small-town main street (same source). The Bread and Honey Festival dates from 1973, and Streetsville GO puts the village on the Milton line (same source). ### What Streetsville homes sold for in 2026 From April to June 2026, TRREB reported 17 detached sales in Streetsville with a median price of $1,225,000, 7 condo townhouse sales with a median of $795,000, and 3 semi-detached sales with a median of $945,000 ([TRREB Community Market Report, Mississauga, 2026 Q2](https://trreb.ca/wp-content/files/market-stats/community-reports/2026/Q2/MississaugaQ22026.pdf)). That is a small number of sales, so a single unusual home can move a median. Across all of Mississauga, the median price of detached homes that sold in September 2026 was $1,219,000 ([TRREB Market Watch, September 2026](https://trreb.ca/wp-content/files/market-stats/market-watch/mw2609.pdf)). The measures differ, one quarter in Streetsville against one month across the city, but they point to Streetsville houses selling close to the city’s typical detached price. ## Room on the lot: Mississauga’s rules for a second or third unit Since November 10, 2023, Mississauga’s zoning has allowed up to three units on a detached, semi or townhouse lot without a rezoning ([City of Mississauga, notice of passing](https://www.mississauga.ca/wp-content/uploads/2023/11/CD.06-INC-OPA-163-Notice-of-Passing-of-an-Official-Plan-Amendment-and-Zoning-By-law-All-Wards.pdf)). The two added units can be a basement apartment, a garage conversion, an addition or a garden suite. Only one garden suite is allowed per lot ([City of Mississauga, additional residential units](https://www.mississauga.ca/services-and-programs/building-and-renovating/building-more-units-on-your-property/additional-residential-units/)). The City has made the paperwork lighter: - **Free pre-approved garden suite plans:** a studio of about 40 square metres (430 square feet) or a one-bedroom of about 55 square metres (600 square feet). Finishes can change, but the layout can’t, and a site plan and grading plan are still needed ([City of Mississauga, June 4, 2024](https://www.mississauga.ca/city-of-mississauga-news/news/mississauga-makes-adding-a-garden-suite-easy-with-free-design-plans/)). - **Fees refunded:** the building permit fee on a second or third unit is refunded by cheque once inspections are done, and those units pay no City or Region development charges. A school board charge may still apply ([Gentle Density Table of Incentives, April 2026](https://www.mississauga.ca/wp-content/uploads/2026/04/08084145/Gentle-Density-Table-of-Incentives.pdf)). - **Free registration:** every second unit must be registered with the City, at no cost ([City of Mississauga, registering a second unit](https://www.mississauga.ca/services-and-programs/building-and-renovating/registering-a-second-unit/)). A fourth unit, such as a fourplex, is treated differently. Its permit fee is refunded, and the City’s development charge and parkland fee (a fee the City can charge new housing for parks) can be waived under conditions such as a 25-year rental agreement, but Region, GO and school board charges are payable ([Gentle Density Table of Incentives](https://www.mississauga.ca/wp-content/uploads/2026/04/08084145/Gentle-Density-Table-of-Incentives.pdf)). A reverse mortgage can pay the builder while you keep living in the main house. The full picture is in [garden suites and basement apartments in Mississauga](/garden-suite-basement-apartment-mississauga/). ## Example: a garden suite for a grandchild For example, take an illustrative widower, 70, in a Streetsville detached house worth $1,225,000, the median price of Streetsville detached homes that sold from April to June 2026. He has no mortgage. His granddaughter has started work nearby and wants to live close to him, and he would like the company. At 70, he could borrow up to about 52.85% of $1,225,000, which is about $647,000. Say the builder’s price for a one-bedroom garden suite on the City’s free plan is $200,000 (an amount chosen for this example only, not a price guide). He takes $200,000 and leaves about $447,000 unused, with no interest charged on it. He has no required monthly mortgage payments, and he keeps paying his property taxes, home insurance and upkeep. The City refunds the building permit fee on the suite once inspections are done, and the suite needs its own address, which costs $81.90 plus HST. The most he or his estate can ever owe is the fair market value of the home when the mortgage becomes due, provided the property taxes, insurance and upkeep have been kept up. That limit is typically called the no negative equity guarantee. ## Staying in Streetsville for the long run A garden suite is one plan; there are others. A reverse mortgage can also [pay off a mortgage you still carry](/reverse-mortgage-to-pay-off-mortgage-mississauga/), or pay for [accessibility renovations](/accessibility-renovations-mississauga/) such as a main-floor bathroom. If you are 65 or older and receive the Guaranteed Income Supplement, read about [Mississauga’s property tax rebate for seniors](/guide/mississauga-property-tax-rebate-seniors/) as well. Richard Hopkins, Mortgage Broker, can compare every reverse mortgage lender in Canada for a garden suite plan like the widower’s before any builder is hired, then send the best deal for your home and goals by email. A Streetsville homeowner pays nothing for that help, since lenders pay the brokerage after the mortgage funds. ## What Streetsville homes are worth, and what that means Typical Streetsville values by home type, and the most a reverse mortgage could provide Home type Typical value Up to, at 65 (50.5%) Up to, at 75 (57.8%) Detached houseMedian of 17 sales, April to June 2026 Typical value $1,225,000 Up to, at 65 $619,000 Up to, at 75 $707,000 Semi-detached houseMedian of 3 sales, April to June 2026 Typical value $945,000 Up to, at 65 $478,000 Up to, at 75 $546,000 Condo townhouseMedian of 7 sales, April to June 2026 Typical value $795,000 Up to, at 65 $402,000 Up to, at 75 $459,000 Typical values: [TRREB Community Market Report, Mississauga, 2026 Q2](https://trreb.ca/wp-content/files/market-stats/community-reports/2026/Q2/MississaugaQ22026.pdf). The amounts are ceilings on the market's highest-lending products, rounded to the nearest $1,000, before anything owing is paid off. A lender's own appraisal sets the real figure. From April to June 2026, the median price of homes that sold in Streetsville was $1,225,000 for detached houses (17 sales), $945,000 for semis (3 sales) and $795,000 for condo townhouses (7 sales). These come from a small number of sales, so treat them as a rough guide. At 65, up to 50.55% means about $619,000 on the detached median and about $402,000 on the condo townhouse median. At 75, up to 57.75% means about $707,000 and about $459,000. ## Around Streetsville The help is the same in every corner of Streetsville. Here are some of the pockets and nearby communities it covers. - Meadowvale - Meadowvale Village - Churchill Meadows - Erin Mills - Erindale ### Landmarks - Queen Street, Streetsville's historic main street - Streetsville GO station (Milton line) - The Bread and Honey Festival - The Credit River ### How the help reaches you in Streetsville Streetsville homeowners hear from Richard Hopkins, Mortgage Broker, by email first, then by phone or video call, and relatives can be included on the messages. An appraiser visits the house itself, while independent legal advice means a trip to your own lawyer's office: Queen Street and Britannia Road lead out of the village, trains leave Streetsville GO on the Milton line, and MiWay is free at 65 with a senior PRESTO card ([City of Mississauga, MiWay fares](https://www.mississauga.ca/miway-transit/fares/fare-prices/)). Streetsville is the filled pin. Select any name to open that neighbourhood's page. [Open Streetsville in Google Maps](https://www.google.com/maps/search/?api=1&query=Streetsville%2C%20Mississauga%2C%20ON). City boundary © OpenStreetMap contributors (ODbL), simplified. ## How Streetsville homeowners use a reverse mortgage - [Adding a garden suite or apartment](/garden-suite-basement-apartment-mississauga/): Pay for a garden suite or basement apartment from your home's value, for family, a caregiver or a tenant. - [Still paying a mortgage](/reverse-mortgage-to-pay-off-mortgage-mississauga/): Your current mortgage is paid off at closing, and there are no required monthly mortgage payments after that. - [Renovations to stay home](/accessibility-renovations-mississauga/): Pay for a walk-in shower, a stair lift or a main-floor bedroom from your home's value, and keep living there. - [Condo owners](/reverse-mortgage-condo-mississauga/): Your condo apartment or condo townhouse can qualify, with no required monthly mortgage payments while you live there. ## Guides for Streetsville families - [What Does a Reverse Mortgage Cost on a Mississauga Home?](/guide/reverse-mortgage-cost-mississauga/) - [Does Mississauga Have a Property Tax Rebate for Seniors?](/guide/mississauga-property-tax-rebate-seniors/) ## Seven Steps for a Streetsville Homeowner Most of it is done from home by email, phone or video call, with family copied in if you wish. You can stop at any step. Nothing is signed until the application, and nothing is final until your own lawyer has explained it. 1. 1 Step 1: Free estimate The estimate form takes about 90 seconds and shows a figure on screen. Asking for it doesn't affect your credit, and nobody pressures you. 2. 2 Step 2: Every lender compared Your Mississauga home is checked against every reverse mortgage lender in Canada. The first email from Richard Hopkins, Mortgage Broker, shows how much you could get and which lenders fit, and asks how much you want. 3. 3 Step 3: Application Once you've chosen an option, fill out a quick form and send a few documents. Your credit is checked once, and your application goes only to the lender you choose. 4. 4 Step 4: Approval The lender usually sends its mortgage commitment letter within a day or two. 5. 5 Step 5: Appraisal An appraiser visits the home to confirm its value, and the amount available adjusts to that value. 6. 6 Step 6: Independent legal advice You meet your own lawyer, who acts only for you, at your independent legal advice appointment (ILA). Your lawyer explains the mortgage before you sign it. 7. 7 Step 7: Closing On closing day, the lawyer or title company doing the closing receives the money from the lender. They pay off your current mortgage, any other debts on the home and the costs, then deposit the remaining money in your bank account. ## Streetsville reverse mortgage questions **What could a reverse mortgage provide on a Streetsville home?** On a detached house at $1,225,000, the median price of Streetsville detached homes that sold from April to June 2026, it is up to about $619,000 at 65 and about $707,000 at 75. On a condo townhouse at the $795,000 median, it is up to about $402,000 at 65 and about $459,000 at 75. These medians come from a small number of sales, and the lender's appraisal sets your home's real value. Try the [Mississauga reverse mortgage calculator](/tools/reverse-mortgage-calculator-mississauga/). **Can a reverse mortgage pay for a garden suite in Streetsville?** Yes. The money is yours to use as you choose, and the City of Mississauga allows one garden suite on a detached, semi or townhouse lot. The City offers free pre-approved plans, refunds the building permit fee on a second or third unit once inspections are done, and charges no City or Region development charges on those units. See [garden suites and basement apartments in Mississauga](/garden-suite-basement-apartment-mississauga/). **Do you have to register a second unit with the City of Mississauga?** Yes. Every second unit must be registered with the City, and there is **no fee**. You send proof of ownership, a signed-off building permit and the registration form to secondunits@mississauga.ca. A garden suite also needs its own municipal address, which costs $81.90 plus HST. **Can you get a reverse mortgage on a Streetsville condo townhouse?** Yes. A condo townhouse is reviewed along with its condo corporation: the corporation's rules must allow the mortgage, and lenders look at its finances, fees and state of repair. A freehold townhouse is treated like a house. Leasehold condos and co-ops don't qualify with any lender. **Do you have to leave Streetsville to meet the broker?** No. Richard Hopkins, Mortgage Broker, works with you by email, phone and video call, and family members can be copied whenever you like. Two things happen in person: the appraiser visits your home, and you meet your own lawyer for independent legal advice before you sign. ## Sources 1. [TRREB, Community Market Report, Mississauga, 2026 Q2 (April to June 2026)](https://trreb.ca/wp-content/files/market-stats/community-reports/2026/Q2/MississaugaQ22026.pdf) 2. [TRREB, Market Watch, September 2026](https://trreb.ca/wp-content/files/market-stats/market-watch/mw2609.pdf) 3. [Wikipedia, Streetsville, Mississauga](https://en.wikipedia.org/wiki/Streetsville,_Mississauga) 4. [City of Mississauga, Additional residential units](https://www.mississauga.ca/services-and-programs/building-and-renovating/building-more-units-on-your-property/additional-residential-units/) 5. [City of Mississauga, Mississauga makes adding a garden suite easy with free design plans (June 4, 2024)](https://www.mississauga.ca/city-of-mississauga-news/news/mississauga-makes-adding-a-garden-suite-easy-with-free-design-plans/) 6. [City of Mississauga, Gentle Density Table of Incentives (April 2026)](https://www.mississauga.ca/wp-content/uploads/2026/04/08084145/Gentle-Density-Table-of-Incentives.pdf) 7. [City of Mississauga, Registering a second unit](https://www.mississauga.ca/services-and-programs/building-and-renovating/registering-a-second-unit/) 8. [City of Mississauga, Notice of passing, OPA 163 and Zoning By-law 0174-2023](https://www.mississauga.ca/wp-content/uploads/2023/11/CD.06-INC-OPA-163-Notice-of-Passing-of-an-Official-Plan-Amendment-and-Zoning-By-law-All-Wards.pdf) 9. [City of Mississauga, MiWay fare prices](https://www.mississauga.ca/miway-transit/fares/fare-prices/) ## Nearby Mississauga Neighbourhoods [ Meadowvale The 1970s new town around Lake Aquitaine and Lake Wabukayne: townhouses, condos, semis and houses, west of historic Meadowvale Village. Read about Meadowvale ](/service-areas/meadowvale/)[ Erin Mills The planned community begun in the early 1970s on more than 7,000 acres: detached houses, semis and townhouses near Erin Mills Town Centre and Credit Valley Hospital. Read about Erin Mills ](/service-areas/erin-mills/)[ Port Credit The lakeshore village at the mouth of the Credit River: streetcar-era houses, semis and condos by the marina, on the Lakeshore West GO line. Read about Port Credit ](/service-areas/port-credit/) --- Free reverse mortgage estimate (no sales pressure): https://reversemortgagebroker.ca/estimate/ Operated by Dominion Lending Centres Homestead Financial, a mortgage brokerage licensed by the Financial Services Regulatory Authority of Ontario, brokerage licence #11711. Independently Owned and Operated. ReverseMortgageMississauga.ca is a website of Dominion Lending Centres Homestead Financial, not a separate brokerage. Richard Hopkins, Mortgage Broker, licence M16000896.