
12- 2955 Thomas Street, Mississauga
Central Erin Mills · Investor guide
$788,000
Estimated Value
$800,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SPECIALISTS INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
3
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,200/mo
Based on Central Erin Mills neighbourhood rental data for 4-bed Condo Townhouse
Remarks
Upgrades galore! Stunningly renovated, better than new home that is completely redone with high end finishes. Three brand new bathrooms with top of the line fixtures, Brand new Kitchen with branded stainless appliances, flat ceilings throughout, Pot lights on all three levels. Completely new plumbing and electrical. Brand new flooring on all three levels. A one of a kind home that is truly a rare find. Situated in Highly sought after John Fraser school district, steps to shopping and go transit. Only minutes to Streetsville GO and Erin Mills town centre. Priced to sell. Welcome to this stunning, fully renovated 3-bedroom, 3-bathroom condo townhouse in the heart of Central Erin Mills!** Completely redesigned from top to bottom with premium finishes, this move-in-ready home offers the perfect combination of luxury, style, and convenience. The bright, open-concept layout features smooth ceilings throughout, pot lights on all three levels, and brand-new flooring throughout. The designer kitchen is beautifully appointed with quality cabinetry, premium stainless steel appliances, sleek countertops, and modern finishes. All three bathrooms have been completely renovated with high-end fixtures and elegant finishes. No detail has been overlooked, with all-new plumbing and electrical providing peace of mind for years to come. Every inch of this exceptional home has been thoughtfully updated, making it truly better than new. Located in the highly sought-after John Fraser School District, this home is just steps to shopping, parks, schools, public transit, and GO Transit. Minutes to Erin Mills Town Centre, Streetsville GO Station, Credit Valley Hospital, and major highways, offering an unbeatable location for families and commuters alike. A rare opportunity to own a turnkey home in one of Mississauga's most desirable neighbourhoods. **Priced to sell - Do not miss!!
MississaugaInvestor.ca
12- 2955 Thomas Street
Condo Townhouse · 4bd/3ba · ~1,500 sqft
$788,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.43%
Monthly Cash Flow
-$2,035/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-14.13%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$3,627 |
| Property Tax | −$552 |
| Insurance | −$225 |
| Condo Fee | −$671 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$2,035/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$6,619 |
| Insurance | −$2,700 |
| Condo Fee | −$8,052 |
| Annual NOI | $19,109 |
| Cap Rate | 2.43% |
Cash Required to Close
| Down Payment (20%) | $157,600 |
| Ontario Land Transfer Tax | $12,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $172,835 |
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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