319- 383 Main Street, Milton
Milton
$829,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
137
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
This rare 3-bedroom corner suite with 9' ceilings offers something many downsizers struggle to find: 2 parking spaces, space, storage, sunlight, and simplicity - all in one place. Greenlife Technology - Practicality meets peace of mind with two parking spaces, a storage locker, and low condo fees. Even better, this building was ahead of its time: income-producing solar panels help offset operating costs, while geothermal heating and cooling keep utility expenses comfortably low year-round. With north and west exposures, natural light pours into this home throughout the day, creating an inviting, airy feel you'll appreciate from the moment you walk in. The open-concept layout is anchored by a thoughtfully designed kitchen featuring granite countertops, stainless steel appliances, a large island with seating, and two generous storage areas - including a walk-in pantry, laundry area and easy to access furnace area (Furnace replaced in 2025). Everything has its place, so your home stays organized without sacrificing style. The primary suite is a true retreat, complete with his-and-her closets and a beautifully upgraded ensuite showcasing a glass walk-in shower and double vanity. Two additional bedrooms offer flexibility - whether for guests, hobbies, or that home office you're not ready to give up just yet. If you've been waiting for the right moment - the right layout - the right balance between space and ease - this may be the one that finally makes the move feel right.
MississaugaInvestor.ca
319- 383 Main Street
Condo Apartment · 3bd/2ba · ~1,300 sqft
$829,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.62%
Monthly Cash Flow
-$2,700/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-17.8%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$3,820 |
| Property Tax | −$539 |
| Insurance | −$225 |
| Condo Fee | −$681 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$2,700/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$6,473 |
| Insurance | −$2,700 |
| Condo Fee | −$8,172 |
| Annual NOI | $13,435 |
| Cap Rate | 1.62% |
Cash Required to Close
| Down Payment (20%) | $165,980 |
| Ontario Land Transfer Tax | $13,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $182,053 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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