2809- 385 PRINCE OF WALES Avenue, Mississauga
City Centre · Investor guide
$525,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP - SUMMIT REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
20
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
Welcome to Unit 2809 at 385 Prince of Wales Drive, this fully renovated 1+1 bedroom, 2-bathroomresidence showcases a thoughtfully designed layout, with a versatile den that can easilyfunction as a second bedroom, private office, or guest retreat-ideal for today's flexiblelifestyle. The home is finished with stainless steels appliances in modern kitchen.Contemporary bathrooms, upscale finishes, and a bright open-concept living and dining spaceelevate the everyday experience. The spacious primary bedroom features a private ensuite,offering both comfort and privacy. Residents enjoy access to exceptional building amenities,including a fully equipped fitness center, indoor swimming pool, sauna, party and meetingrooms, 24-hour concierge service, visitor parking, and impeccably maintained common areas.Perfectly situated steps from Square One, transit, dining, parks, and major highways, this homedelivers a sophisticated lifestyle in one of Mississauga's most desirable locations. Justmove-in and enjoy.
MississaugaInvestor.ca
2809- 385 PRINCE OF WALES Avenue
Condo Apartment · 2bd/2ba · ~750 sqft
$525,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.38%
Monthly Cash Flow
-$1,377/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-14.37%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,417 |
| Property Tax | −$368 |
| Insurance | −$225 |
| Condo Fee | −$647 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,377/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,410 |
| Insurance | −$2,700 |
| Condo Fee | −$7,764 |
| Annual NOI | $12,486 |
| Cap Rate | 2.38% |
Cash Required to Close
| Down Payment (20%) | $105,000 |
| Ontario Land Transfer Tax | $6,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $114,975 |
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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