
1602- 2520 Eglinton Avenue, Mississauga
Central Erin Mills · Investor guide
$515,000
Estimated Value
$530,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
17
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
Welcome to stylish, low-maintenance living in this beautifully maintained 1+Den suite by Daniels. Freshly painted and lovingly cared for by its original owners, this bright, move-in-ready home has never been rented, showcasing true pride of ownership. The thoughtfully designed open-concept layout features 9-ft smooth ceilings, modern laminate flooring throughout, and large windows that fill the space with natural light.The contemporary kitchen is designed for both everyday living and entertaining, offering stainless steel appliances, quartz countertops, and a generous centre island. The versatile den is ideal as a home office, reading nook, or guest space. Enjoy the convenience of a full bathroom, an additional powder room, and ensuite laundry.Located in a well-managed building with exceptional amenities right at your doorstep, including a pharmacy, medical offices, physiotherapy clinic, and animal hospital. Perfectly positioned directly across from Credit Valley Hospital and Erin Mills Town Centre, and surrounded by top-rated schools, parks, restaurants, and everyday conveniences.Commuters will love the easy access to public transit, GO Bus service, Highways 403 and 401, with Square One just 15 minutes away and downtown Toronto approximately 30 minutes away.Residents enjoy premium building amenities including 24-hour security, a fitness centre, indoor basketball court, games room, library, bicycle storage, and electric vehicle charging stations.An exceptional opportunity for first-time buyers, professionals, investors, or downsizers looking for a move-in-ready home in one of Mississauga's most convenient and sought-after communities.
MississaugaInvestor.ca
1602- 2520 Eglinton Avenue
Condo Apartment · 2bd/2ba · ~650 sqft
$515,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.31%
Monthly Cash Flow
-$949/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-10.1%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,370 |
| Property Tax | −$361 |
| Insurance | −$225 |
| Condo Fee | −$510 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$949/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$4,326 |
| Insurance | −$2,700 |
| Condo Fee | −$6,120 |
| Annual NOI | $17,064 |
| Cap Rate | 3.31% |
Cash Required to Close
| Down Payment (20%) | $103,000 |
| Ontario Land Transfer Tax | $6,775 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $112,775 |
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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