
408- 443 Centennial Forest Drive, Milton
Milton
$697,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE MEADOWTOWNE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
29
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this exceptional penthouse suite in Milton's sought-after Timberlea neighbourhood, where comfort and convenience come together seamlessly. This beautifully maintained 2-bedroom, 2-bathroom condo offers a bright, carpet-free interior with 9-foot ceilings, pot lights, custom window shutters, and a fresh neutral palette throughout. The open-concept living and dining area is both spacious and inviting, with upgraded lighting and walkout access to a private northeast-facing balcony showcasing peaceful views. The well-appointed kitchen features warm-toned cabinetry, stone countertops, stainless steel appliances, a stylish tile backsplash, and a generous breakfast bar with ample storage and prep space. The primary suite is a true retreat, complete with a double closet with organizers and a luxurious ensuite boasting a low-curb shower and jacuzzi tub, while the second bedroom is generously sized with its own double-door closet. A second full bath with a low-curb entry shower adds accessibility and convenience. Additional highlights include in-suite laundry, an owned water heater and softener, underground parking, and a storage locker. Residents enjoy access to a pristine building with a party room, covered balcony space, and organized social events, with water and gas included in condo fees. Ideally located steps to scenic trails and parks, and just minutes from major highways, GO transit, shops, and everyday amenities, this penthouse offers a refined and low-maintenance lifestyle in a prime location. Condo fees include all your water consumption and heat! No rentals at all - Reverse osmosis, water softener and water heater all owned.
MississaugaInvestor.ca
408- 443 Centennial Forest Drive
Condo Apartment · 2bd/2ba · ~1,300 sqft
$697,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.15%
Monthly Cash Flow
-$2,539/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-19.94%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$3,208 |
| Property Tax | −$453 |
| Insurance | −$225 |
| Condo Fee | −$790 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$2,539/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$5,437 |
| Insurance | −$2,700 |
| Condo Fee | −$9,480 |
| Annual NOI | $8,033 |
| Cap Rate | 1.15% |
Cash Required to Close
| Down Payment (20%) | $139,400 |
| Ontario Land Transfer Tax | $10,415 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $152,815 |
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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