606- 2485 Eglinton Avenue, Mississauga
Central Erin Mills · Investor guide
$699,900
Estimated Value
$530,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by THE DANIELS REALTY CORPORATION
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
19
Price Drop
None
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
LOCATION LOCATION! Large 2-Bedroom, 2-Bathroom suite at The Kith Condominiums by award-winning developer/builder, The Daniels Corporation, BILDs 2025 Home Builder of the Year. This suite offers 863 sq. ft. of interior space with East facing views. Enjoy an open concept living space, walk-in closet in the main bedroom, 9ft. ceilings, sleek kitchen with quartz countertops and stainless-steel appliances. Incredible resident amenities including a Gymnasium for Basketball or Pickleball, Walking Track, Fitness Centre, Party Rooms, Co-Working Space, Theatre Room, Outdoor Terrace with BBQs & Lounge Areas, Pet Wash, Lobby with Concierge, Outdoor Courtyard and more! Prime location steps to Credit Valley Hospital and LifeLabs. Top shopping within walking distance, including Erin Mills Town Centre, Loblaws. Commuting is a breeze with quick access to Highway 403, Erin Mills Station, and both Streetsville and Clarkson GO Station. Top-rated schools are minutes away, including John Fraser Secondary School and the University of Toronto Mississauga.
MississaugaInvestor.ca
606- 2485 Eglinton Avenue
Condo Apartment · 2bd/2ba · ~950 sqft
$699,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.82%
Monthly Cash Flow
-$2,159/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-16.88%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$3,222 |
| Property Tax | −$490 |
| Insurance | −$225 |
| Condo Fee | −$739 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$2,159/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$5,879 |
| Insurance | −$2,700 |
| Condo Fee | −$8,868 |
| Annual NOI | $12,763 |
| Cap Rate | 1.82% |
Cash Required to Close
| Down Payment (20%) | $139,980 |
| Ontario Land Transfer Tax | $10,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,453 |
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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