
911- 2177 Burnhamthorpe Road, Mississauga
Erin Mills · Investor guide
$520,000
Estimated Value
$512,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by FOREST HILL REAL ESTATE INC.
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
$2,600/mo
Based on Erin Mills neighbourhood rental data for 2-bed Condo Apartment
Remarks
"Exceptional value in one of Mississauga's most desirable gated communities - enjoy resort-style amenities, stunning south views, and outstanding convenience. This bright and spacious suite features a functional open-concept layout with a combined living room, dining area, and kitchen, creating a comfortable space for everyday living and entertaining. Enjoy beautiful south-facing views toward Lake Ontario with abundant natural light throughout the day from every window. The suite has been lovingly maintained and offers a wonderful opportunity for buyers to move in and enjoy as-is or personalize with their own updates. The kitchen was renovated in 2016 and provides a great foundation for future enhancements. The monthly condominium fee includes an impressive list of services and amenities - heat, hydro, water, air conditioning, cable, and high-speed internet - providing excellent value and convenience. Residents also enjoy access to Eagle Ridge's outstanding recreation facilities, including an indoor pool, fitness centre, squash courts, sauna, party room, outdoor BBQ areas, and 24-hour gated security.Ideally located directly across from South Common Mall and the Mississauga transit hub, with a new community centre and library coming in 2027. Conveniently close to Erin Mills Town Centre, Credit Valley Hospital, the University of Toronto Mississauga campus, and major highways including the 403 and QEW.A fantastic opportunity to own in one of Mississauga's most desirable communities - offering lifestyle, location, and value.
MississaugaInvestor.ca
911- 2177 Burnhamthorpe Road
Condo Apartment · 2bd/2ba · ~950 sqft
$520,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.86%
Monthly Cash Flow
-$1,587/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-16.72%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$2,393 |
| Property Tax | −$364 |
| Insurance | −$225 |
| Condo Fee | −$1,075 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$1,587/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$4,368 |
| Insurance | −$2,700 |
| Condo Fee | −$12,900 |
| Annual NOI | $9,672 |
| Cap Rate | 1.86% |
Cash Required to Close
| Down Payment (20%) | $104,000 |
| Ontario Land Transfer Tax | $6,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $113,875 |
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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