212- 65 Watergarden Drive, Mississauga
Hurontario · Investor guide
$449,000
Estimated Value
$369,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
21
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,900/mo
Based on Hurontario neighbourhood rental data for 1-bed Condo Apartment
Remarks
Experience elevated urban living at Perla Condos, ideally located in Mississauga's vibrant City Centre. This bright and thoughtfully designed 1-bedroom, 1-bathroom suite offers approximately 575 sq. ft. of contemporary living space, featuring soaring 9-foot ceilings and expansive floor-to-ceiling windows that fill the home with natural light. The open-concept living and dining area showcases sleek laminate flooring throughout and seamlessly extends to a private balcony, where you can unwind while taking in spectacular, unobstructed sunset views over the city skyline. The modern kitchen is beautifully appointed with quartz countertops, stainless steel appliances, a stylish tile backsplash, and a functional breakfast bar-perfect for everyday living and entertaining. Residents enjoy an exceptional collection of resort-inspired amenities, including a 24-hour concierge, indoor swimming pool and whirlpool, fully equipped fitness centre, games room, party room, library, outdoor terrace with BBQs, children's playground, pet wash station, bicycle storage, and more. Situated in one of Mississauga's most sought-after locations, you'll be just moments from Square One Shopping Centre, Sheridan College, Celebration Square, restaurants, cafés, parks, and public transit. Enjoy effortless commuting with quick access to Highways 403 and 401, as well as the future Hurontario LRT, offering outstanding connectivity throughout the GTA. Whether you're a first-time buyer, investor, or downsizer, this exceptional suite combines modern design, premium amenities, and an unbeatable location in one of Mississauga's premier condominium communities.
MississaugaInvestor.ca
212- 65 Watergarden Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$449,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.11%
Monthly Cash Flow
-$1,278/mo
Estimated Rent
$1,900/mo
Cash-on-Cash
-15.61%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,900 |
| Mortgage | −$2,067 |
| Property Tax | −$314 |
| Insurance | −$225 |
| Condo Fee | −$477 |
| Vacancy (5%) | −$95 |
| Cash Flow | -$1,278/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,800 |
| Vacancy (5%) | −$1,140 |
| Property Tax | −$3,772 |
| Insurance | −$2,700 |
| Condo Fee | −$5,724 |
| Annual NOI | $9,464 |
| Cap Rate | 2.11% |
Cash Required to Close
| Down Payment (20%) | $89,800 |
| Ontario Land Transfer Tax | $5,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,255 |
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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