46- 3065 Lenester Drive, Mississauga
Erindale · Investor guide
$749,500
Estimated Value
$666,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY ENTERPRISES INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
21
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Based on Erindale neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Superbly renovated throughout with great open concept living space and large bedrooms! Quartz counters and kitchen open to dining room! Stainless Steel appliances like new! Wonderfully located in Erindale, a quiet mature treed neighbourhood, close to excellent schools, shopping and transit. Close to Erindale Park, with its beautiful Credit River trails, and great for picnics, BBQs and fishing! Minutes from University of Toronto (Mississauga). Mi-way bus to subway, close to 403, QEW. Walk to trails by the river and cross to Erindale park and UTM! Note: Internet is also included in Maintenance Fee
MississaugaInvestor.ca
46- 3065 Lenester Drive
Condo Townhouse · 3bd/3ba · ~1,300 sqft
$749,500
Cash-Flow Report · July 31, 2026
Cap Rate
2.51%
Monthly Cash Flow
-$1,884/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-13.75%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$3,450 |
| Property Tax | −$525 |
| Insurance | −$225 |
| Condo Fee | −$676 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$1,884/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$6,296 |
| Insurance | −$2,700 |
| Condo Fee | −$8,112 |
| Annual NOI | $18,802 |
| Cap Rate | 2.51% |
Cash Required to Close
| Down Payment (20%) | $149,900 |
| Ontario Land Transfer Tax | $11,465 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $164,365 |
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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