
1701- 3515 Kariya Drive, Mississauga
City Centre · Investor guide
$388,800
Estimated Value
$325,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Based on City Centre neighbourhood rental data for 1-bed Condo Apartment
Remarks
Welcome to Suite 1701 at Eve Condos | 3515 Kariya DrExperience completely reimagined urban luxury. Extensively renovated and move-in ready, this stunning 1-bedroom, 1-bathroom suite offers a rare, turnkey lifestyle where every modern detail has already been beautifully taken care of for you.Step inside to the crisp, clean energy of a space that feels brand new. Natural light glides across brand-new flooring, beautifully complemented by fresh paint, updated baseboards, and crisp modern trim. Sophisticated new light fixtures elevate the ambiance, while brand-new premium kitchen and bathroom faucets add a touch of everyday luxury. Complete with newer appliances, the kitchen balances chic aesthetics with seamless functionality.The open-concept layout maximizes both space and light. The modern kitchen features rich granite countertops and a breakfast bar overlooking the bright living and dining area-the perfect setup for entertaining. Floor-to-ceiling windows flood the suite with warmth, leading to a private balcony with beautiful, unobstructed 17th-floor views. The peaceful bedroom boasts a coveted walk-in closet, steps from a pristine 4-piece bath and in-suite laundry. One parking space and one locker are also included.Living here means having Mississauga's vibrant core as your extended backyard. You are minutes to Square One, Celebration Square, great restaurants, and the serene cherry blossoms of Kariya Park. Commuting is effortless with quick access to transit, local GO stations, the Hazel McCallion LRT line, and major highways (403/QEW). Eve Condos treats its residents to resort-style living, featuring a stunning indoor pool, sauna, fitness centre, theatre room, party room, library, and 24-hour concierge.An outstanding, uncompromised opportunity for first-time buyers, professionals, or downsizers. Simply turn the key, move in, and start your next chapter.
MississaugaInvestor.ca
1701- 3515 Kariya Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$388,800
Cash-Flow Report · July 31, 2026
Cap Rate
2.01%
Monthly Cash Flow
-$1,139/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-16.07%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,790 |
| Property Tax | −$272 |
| Insurance | −$225 |
| Condo Fee | −$609 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,139/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,266 |
| Insurance | −$2,700 |
| Condo Fee | −$7,308 |
| Annual NOI | $7,816 |
| Cap Rate | 2.01% |
Cash Required to Close
| Down Payment (20%) | $77,760 |
| Ontario Land Transfer Tax | $4,307 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $85,067 |
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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