1205- 350 PRINCESS ROYAL Drive, Mississauga
City Centre · Investor guide
$579,900
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP - SUMMIT REALTY INC.
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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
1,044 Sq.Ft. Beautiful Corner Unit Condo In Amica's Mature Lifestyle Condominium Community At City Centre. Featuring 2 Bdrms, 2 Baths, and 2 Balconies With Southvest /West Views & Afternoon Sunshine & Sunsetsl + Northwest View of the 3 Acre Park! Ceramics In Kitchen, Al Baths & Foyer. Upgraded Engineered Hardvood in Living Room & Dining Room & Hallvay Granite Counter, Upgraded Large Pantry. Planned Daily Activities. Mirolin shower W/Seat & Safety Bars, Elf's. Walk to Living Arts, city Hall, Square one, YMCA, Library & Celebration Square
MississaugaInvestor.ca
1205- 350 PRINCESS ROYAL Drive
Condo Apartment · 2bd/2ba · ~1,100 sqft
$579,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.52%
Monthly Cash Flow
-$1,935/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-18.28%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,669 |
| Property Tax | −$406 |
| Insurance | −$225 |
| Condo Fee | −$915 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,935/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,871 |
| Insurance | −$2,700 |
| Condo Fee | −$10,980 |
| Annual NOI | $8,809 |
| Cap Rate | 1.52% |
Cash Required to Close
| Down Payment (20%) | $115,980 |
| Ontario Land Transfer Tax | $8,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $127,053 |
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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