1616- 35 Watergarden Drive, Mississauga
Hurontario · Investor guide
$489,000
Estimated Value
$418,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/GTA REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Based on Hurontario neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to the luxury build by Pinnacle International.650SF Plus 115SF = 765SF In the heart of Mississauga. This brand new building offers 9ft ceilings, an ideal functional layout A Modern Kitchen With Designer Kitchen Cabinetry, Ceramic Backsplash, Under Cabinet Lighting & Stainless-Steel Built-In App. Spacious Primary Bedroom With A Walk-In Closet! 1 Parking & 1 Locker Included! 24 Hours Concierge, Indoor Swimming Pool And Whirlpool, Men's And Women's Change Rooms, A Fully Equipped Exercise Room, Serene Yoga Room, Games/Billiards Room, Party Room With Kitchenette, Outdoor Terrace With Bbq Area, Library/Study Room+
MississaugaInvestor.ca
1616- 35 Watergarden Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$489,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.09%
Monthly Cash Flow
-$992/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-11.12%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$2,251 |
| Property Tax | −$342 |
| Insurance | −$225 |
| Condo Fee | −$549 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$992/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$4,108 |
| Insurance | −$2,700 |
| Condo Fee | −$6,588 |
| Annual NOI | $15,104 |
| Cap Rate | 3.09% |
Cash Required to Close
| Down Payment (20%) | $97,800 |
| Ontario Land Transfer Tax | $6,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $107,055 |
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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