
403- 2585 Erin Centre Boulevard, Mississauga
Central Erin Mills · Investor guide
$548,888
Estimated Value
$530,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
22
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,650/mo
Based on Central Erin Mills neighbourhood rental data for 2-bed Condo Apartment
Remarks
Experience low maintenance living in one of Mississauga's most convenient locations!!! This beautifully designed two-storey condo offers 2 bedrooms, 2 bathrooms, and a functional layout. The bright, open-concept main level is filled with natural light from oversized windows and provides an ideal space for both everyday living and entertaining!Step outside to your private balcony and enjoy elevated views, while the modern kitchen features newer appliances and flows seamlessly into the living and dining areas. A convenient main-floor laundry room and powder room add to the home's practical design. Upstairs, you'll find two bright spacious bedrooms, including a primary with walk-in closet and 4-piece bath.The building offers an impressive selection of amenities, including an indoor pool, hot tub, sauna, fitness centre, library, party room, gated security, and more. One underground parking space and a private storage locker are also included.Ideally situated just minutes from major shopping, parks, schools, hospitals, and everyday conveniences, with quick access to Highways 401 and 403 for an effortless commute. This move-in-ready home offers the perfect blend of comfort, convenience, and lifestyle. Don't miss your opportunity to make it yours!
MississaugaInvestor.ca
403- 2585 Erin Centre Boulevard
Condo Apartment · 2bd/2ba · ~850 sqft
$548,888
Cash-Flow Report · July 31, 2026
Cap Rate
1.96%
Monthly Cash Flow
-$1,629/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-16.26%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,526 |
| Property Tax | −$384 |
| Insurance | −$225 |
| Condo Fee | −$1,011 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$1,629/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$4,611 |
| Insurance | −$2,700 |
| Condo Fee | −$12,132 |
| Annual NOI | $10,767 |
| Cap Rate | 1.96% |
Cash Required to Close
| Down Payment (20%) | $109,777.6 |
| Ontario Land Transfer Tax | $7,453 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,230.6 |
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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