2605- 90 Absolute Avenue, Mississauga
City Centre · Investor guide
$499,999
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE 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 this classically elegant Lower Penthouse in the iconic Absolute Condos, also known as the Marilyn Monroe Towers. Enjoy soaring 10 ft ceilings, crown mouldings, and laminate flooring throughout this spacious 2 plus 1 bedroom suite. The den with French doors functions perfectly as a third bedroom or home office. The stylish kitchen features granite countertops and stainless steel appliances. The primary bedroom offers a five-piece ensuite and walk-in closet, while both bathrooms feature marble floors and glass showers. Step out onto the large balcony with two walkouts and take in stunning southwest views of the lake and downtown Mississauga. Includes one parking space, two lockers, and access to premium amenities including indoor and outdoor pools, a gym, and more. Perfect for first time home buyers or investors!! If you are looking for big space with less down payment this is your best bet where luxury meets practical and functional layout!! Freshly painted!! Beautiful views of celebration square!!A must must see!!!
MississaugaInvestor.ca
2605- 90 Absolute Avenue
Condo Apartment · 3bd/2ba · ~1,100 sqft
$499,999
Cash-Flow Report · July 31, 2026
Cap Rate
2.38%
Monthly Cash Flow
-$1,308/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-14.34%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,301 |
| Property Tax | −$350 |
| Insurance | −$225 |
| Condo Fee | −$1,234 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,308/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$4,200 |
| Insurance | −$2,700 |
| Condo Fee | −$14,808 |
| Annual NOI | $11,922 |
| Cap Rate | 2.38% |
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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