12- 2035 South Millway Drive, Mississauga
Erin Mills · Investor guide
$499,999
Estimated Value
$707,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
19
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,200/mo
Based on Erin Mills neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Bright, clean, and spacious unit featuring an open-concept living and dining area that overlooks a cozy garden. It's perfect for barbecues and entertaining. The main floor includes a powder room and a pantry off the kitchen. The family-sized kitchen offers plenty of storage space. This unit is unique, as it has three energy-efficient wall-mounted AC/Heat Pump units for both heating and air conditioning, which helps save on hydro costs; baseboard heaters are also kept as a backup. Located in a quiet complex, it is conveniently close to schools, parks, public transportation, and shopping.
MississaugaInvestor.ca
12- 2035 South Millway Drive
Condo Townhouse · 3bd/2ba · ~650 sqft
$499,999
Cash-Flow Report · July 31, 2026
Cap Rate
4.68%
Monthly Cash Flow
-$353/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-3.87%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$2,301 |
| Property Tax | −$350 |
| Insurance | −$225 |
| Condo Fee | −$517 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$353/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$4,200 |
| Insurance | −$2,700 |
| Condo Fee | −$6,204 |
| Annual NOI | $23,376 |
| Cap Rate | 4.68% |
Cash Required to Close
| Down Payment (20%) | $99,999.8 |
| Ontario Land Transfer Tax | $6,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,474.8 |
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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