511- 620 Sauve Street, Milton
Milton
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by LUXE DREAM HOME REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
39
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Estimated from market price-to-rent ratios
Remarks
Discover Origin Condominiums, a highly desirable residence nestled in one of Milton's prime neighborhoods. This generously sized two-bedroom, two-bathroom condo combines comfort and modern design with a bright, sunlit open-concept layout and impressive high ceilings. Impeccably cared for, the unit reflects true pride of ownership. Residents benefit from fantastic building amenities, including a fitness center, party room, storage lockers, and underground parking, all with affordable maintenance fees. Ideally situated at Derry Road and Sauvé Street, just minutes from Highways 401 and 407, and conveniently close to Milton District Hospital, Milton GO Station, excellent schools, parks, and everyday essentials. Please Note: A few interior photos are virtually staged for vision.
MississaugaInvestor.ca
511- 620 Sauve Street
Condo Apartment · 2bd/2ba · ~850 sqft
$499,000
Cash-Flow Report · August 3, 2026
Cap Rate
2.27%
Monthly Cash Flow
-$1,354/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-14.87%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,297 |
| Property Tax | −$324 |
| Insurance | −$225 |
| Condo Fee | −$408 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,354/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$3,892 |
| Insurance | −$2,700 |
| Condo Fee | −$4,896 |
| Annual NOI | $11,312 |
| Cap Rate | 2.27% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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