
801- 15 Elizabeth Street, Mississauga
Port Credit · Investor guide
$535,000
Estimated Value
$730,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOUSESIGMA INC.
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
$3,050/mo
Based on Port Credit neighbourhood rental data for 2-bed Condo Apartment
Remarks
This 2 bedroom bright, airy corner suite is uniquely set to capture tranquil views of Lake Ontario, the Port Credit marina, and the iconic lighthouse --- a rare feature that brings the charm of lakeside living right into your home. Enjoy morning sunrises over the water and evening golden-hour light from two private balconies, perfect for coffee, wine, or simply unwinding. **Inside, a luxuriously updated kitchen features quartz countertops, stainless steel appliances, and a stylish backsplash overlooking a spacious, light-filled living area. A versatile flex space offers endless possibilities: home office, reading nook, or dining area. Two generously sized bedrooms and two beautifully renovated bathrooms provide comfort and privacy, while modern wood floors and private ensuite laundry add everyday convenience.This move in ready suite includes underground parking and a storage locker. ***Maintenance fees cover all utilities - heat, hydro, and water; making budgeting simple and stress-free. ****Commuters will appreciate the unbeatable access to the Port Credit GO Station and the future Hurontario LRT, both just minutes away. *****Whether you're seeking walkability, waterfront living, or a beautifully updated home in a thriving community, this suite delivers the best of Port Credit.
MississaugaInvestor.ca
801- 15 Elizabeth Street
Condo Apartment · 2bd/2ba · ~950 sqft
$535,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.47%
Monthly Cash Flow
-$1,361/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-13.94%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$2,463 |
| Property Tax | −$375 |
| Insurance | −$225 |
| Condo Fee | −$1,195 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,361/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$4,494 |
| Insurance | −$2,700 |
| Condo Fee | −$14,340 |
| Annual NOI | $13,236 |
| Cap Rate | 2.47% |
Cash Required to Close
| Down Payment (20%) | $107,000 |
| Ontario Land Transfer Tax | $7,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $117,175 |
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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