
2802- 50 Absolute Avenue, Mississauga
City Centre · Investor guide
$449,900
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by REVEL 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
Experience Elevated Condo Living In The Iconic Marilyn Monroe Towers In The Heart Of Square One.Situated On The 28th Floor, This Stunning 2-Bedroom, 2-Bathroom Suite Offers Approximately 800 Sq Ft OfInterior Living Space Plus An Expansive 225 Sq Ft Wrap-Around Balcony, With 4 Walk-Outs, ShowcasingPanoramic City Views of Toronto. The Bright Open-Concept Layout Is Designed For Both ComfortableEveryday Living And Entertaining, Featuring Floor-To-Ceiling Windows And Seamless Flow Between TheLiving, Dining, And Kitchen Areas. The Contemporary Kitchen Is Equipped With Granite Countertops, Built-In Appliances, Double Sink, Island, And Generous Cabinet Space. The Spacious Primary Bedroom FeaturesDirect Balcony Access, A Walk-In Closet, And A Private 4-Piece Ensuite, While The Second Bedroom AlsoOffers Floor-To-Ceiling Windows, Balcony Access, And Excellent Storage. Additional Features Include In-Suite Laundry, One Underground Parking Space, And One Locker. Residents Enjoy Access To ExceptionalResort-Style Amenities Including Concierge Service, Indoor And Outdoor Pools, Basketball And SquashCourts, Fully Equipped Fitness Centre, Rooftop Terrace With BBQs, Guest Suites, Party Rooms, Media Room,Games Room, And A Pet Spa. Ideally Located Steps To Square One Shopping Centre, Celebration Square,Sheridan College, Restaurants, Grocery Stores, Transit, And Parks, With Quick Access To Highways 401 And403, This Is Luxury Urban Living In One Of Mississauga's Most Recognizable Buildings.
MississaugaInvestor.ca
2802- 50 Absolute Avenue
Condo Apartment · 2bd/2ba · ~850 sqft
$449,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.24%
Monthly Cash Flow
-$1,230/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-14.99%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,071 |
| Property Tax | −$315 |
| Insurance | −$225 |
| Condo Fee | −$899 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,230/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,779 |
| Insurance | −$2,700 |
| Condo Fee | −$10,788 |
| Annual NOI | $10,093 |
| Cap Rate | 2.24% |
Cash Required to Close
| Down Payment (20%) | $89,980 |
| Ontario Land Transfer Tax | $5,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,453 |
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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