1403- 4699 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$499,900
Estimated Value
$530,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by KINGSWAY REAL ESTATE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
18
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
Functional & Efficient Space In This 1 Bed+Den W/ Parking & Locker! Sold-Out Mills Square By Pemberton Group Is A Walker's Paradise, Steps To Erin Mills Town Centre's Endless Shops & Dining, Schools, Credit Valley Hospital & More! Situated On 8 Acres Of Extensively Landscaped Grounds & Gardens. Unobstructed South East View,17,000Sqft Amenity Building W/ Indoor Pool, Steam Rooms & Saunas, Fitness Club, Library/Study Retreat, & Rooftop Terrace W/ Bbqs. This Is The Perfect Place To Live!
MississaugaInvestor.ca
1403- 4699 Glen Erin Drive
Condo Apartment · 2bd/2ba · ~650 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.3%
Monthly Cash Flow
-$927/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-10.16%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,301 |
| Property Tax | −$350 |
| Insurance | −$225 |
| Condo Fee | −$568 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$927/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$4,199 |
| Insurance | −$2,700 |
| Condo Fee | −$6,816 |
| Annual NOI | $16,495 |
| Cap Rate | 3.3% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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