1311- 30 Elm Drive, Mississauga
City Centre · Investor guide
$525,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXCEL ALLIANCE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
50
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Luxury 2-bed, 2-bath suite at Edge Tower by Solmar in the heart of downtown Mississauga's Square One district. This bright split-bedroom layout with 9-ft ceiling and a private balcony with stunning city views. Modern kitchen features quartz countertops, stainless steel appliances, backsplash, and upgraded microwave hood fan, plus upgraded shower finishes and premium parking. Enjoy hotel-style amenities including 24-hour concierge, fitness centre, yoga studio, theatre room, co-working lounge, rooftop terrace, party room, guest suites, and visitor parking. Located on the future Hurontario LRT line with quick access to GO Transit, Square One, Sheridan College, restaurants, parks, and highways 403/401/QEW, offering unmatched convenience. Recently painted throughout with newly installed light fixtures in the kitchen, living room, dining room, and both bedrooms, offering a bright and updated living space.
MississaugaInvestor.ca
1311- 30 Elm Drive
Condo Apartment · 2bd/2ba · ~650 sqft
$525,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.46%
Monthly Cash Flow
-$1,340/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-13.99%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,417 |
| Property Tax | −$368 |
| Insurance | −$225 |
| Condo Fee | −$610 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,340/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,410 |
| Insurance | −$2,700 |
| Condo Fee | −$7,320 |
| Annual NOI | $12,930 |
| Cap Rate | 2.46% |
Cash Required to Close
| Down Payment (20%) | $105,000 |
| Ontario Land Transfer Tax | $6,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $114,975 |
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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