1702- 30 Elm Drive, Mississauga
City Centre · Investor guide
$630,630
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by Platinum Gate Realty
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
49
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
Welcome to 30 Elm Drive, a stylish and sun-filled 2-bedroom, 2-bathroom suite in the desirable Edge Towers 2. This thoughtfully designed condo offers a functional open-concept layout with modern finishes, including quartz countertops, integrated appliances, wide-plank flooring, and large windows that bring in plenty of natural light. The private balcony provides beautiful city views and an ideal space to unwind.Residents have access to an impressive range of amenities, including a 24-hour concierge, fully equipped fitness centre, rooftop terrace, theatre room, party rooms, games room, and more. Located in the heart of Mississauga, just minutes from Square One, Sheridan College, Celebration Square, dining, shopping, public transit, the future LRT, and major highways. An excellent opportunity for end-users seeking a convenient urban lifestyle or investors looking for a property in a high-demand rental location.
MississaugaInvestor.ca
1702- 30 Elm Drive
Condo Apartment · 2bd/2ba · ~750 sqft
$630,630
Cash-Flow Report · July 31, 2026
Cap Rate
1.87%
Monthly Cash Flow
-$1,918/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-16.65%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,903 |
| Property Tax | −$441 |
| Insurance | −$225 |
| Condo Fee | −$629 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,918/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,297 |
| Insurance | −$2,700 |
| Condo Fee | −$7,548 |
| Annual NOI | $11,815 |
| Cap Rate | 1.87% |
Cash Required to Close
| Down Payment (20%) | $126,126 |
| Ontario Land Transfer Tax | $9,088 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $138,214 |
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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