2804- 60 Absolute Avenue, Mississauga
City Centre · Investor guide
$560,000
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
18
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Based on City Centre neighbourhood rental data for 3-bed Condo Apartment
Remarks
Welcome to the iconic Absolute towers, also known as the 'Marilyn Monroe' buildings, at 60 Absolute Ave. This spacious well maintained 28th-floor condo unit features 2 bedrooms plus a den and offers breathtaking, unobstructed west views with spectacular sunsets through soaring windows. The thoughtfully designed interior includes an open-concept kitchen and two full washrooms, providing a functional and airy layout perfectly suited for a growing family. Ideally situated just steps from Square One Shopping Centre, the location offers unparalleled convenience with quick access to major highways including the 403, 401, and QEW. This architectural landmark combines premium amenities with a versatile floor plan, making it an exceptional opportunity for a refined lifestyle in the heart of the city
MississaugaInvestor.ca
2804- 60 Absolute Avenue
Condo Apartment · 3bd/2ba · ~1,100 sqft
$560,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.32%
Monthly Cash Flow
-$1,498/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-14.65%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,578 |
| Property Tax | −$392 |
| Insurance | −$225 |
| Condo Fee | −$1,105 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,498/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$4,704 |
| Insurance | −$2,700 |
| Condo Fee | −$13,260 |
| Annual NOI | $12,966 |
| Cap Rate | 2.32% |
Cash Required to Close
| Down Payment (20%) | $112,000 |
| Ontario Land Transfer Tax | $7,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $122,675 |
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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