
701- 388 Prince Of Wales Drive, Mississauga
City Centre · Investor guide
$569,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEGACY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
A Must-See! Experience refined urban living at the prestigious One Park Tower by Daniels, ideally located in the heart of Mississauga. Almost 800 SQFT of living space. All Utilities included except hydro. This beautifully upgraded 1-bedroom + den suite offers a highly functional layout, with a spacious den that can easily be used as a second bedroom or a generous home office. Featuring 9-foot ceilings, elegant finishes, and professional décor, this bright and inviting home is perfect for both homeowners and investors. One Park Tower is the only condominium with direct access to a stunning 3-acre park, providing a unique blend of city living and green space. The unit is loaded with premium upgrades, including Stainless steel appliances, Quartz countertops and matching quartz backsplash and Modern pot lights throughout. The property also includes one underground parking space and an oversized private storage locker conveniently located beside the parking spot, approximately the size of the den, an exceptional and rare feature. Residents enjoy amenities, including a fully equipped fitness centre, Indoor swimming pool, Golf simulator, Games room and Party room. Convenience is unmatched, with Food Basics and Rabba Fine Foods located right at the base of the building. You're also just steps from Square One Shopping Centre, the Mississauga City Centre Transit Terminal, Celebration Square, the Living Arts Centre, Central Library, YMCA, Sheridan College, and Mississauga City Hall. Don't miss this exceptional opportunity to own a stylish, move-in-ready home in one of Mississauga's most sought-after communities. Microwave (Jan 2026) Kitchen Upgrades (June 2025) Washrooms Upgrades (June 2025) Pot Lights (May 2024)
MississaugaInvestor.ca
701- 388 Prince Of Wales Drive
Condo Apartment · 2bd/2ba · ~750 sqft
$569,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.14%
Monthly Cash Flow
-$1,606/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-15.46%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,619 |
| Property Tax | −$398 |
| Insurance | −$225 |
| Condo Fee | −$644 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,606/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,780 |
| Insurance | −$2,700 |
| Condo Fee | −$7,728 |
| Annual NOI | $12,152 |
| Cap Rate | 2.14% |
Cash Required to Close
| Down Payment (20%) | $113,800 |
| Ontario Land Transfer Tax | $7,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $124,655 |
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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