403- 2520 Eglinton Avenue, Mississauga
Central Erin Mills · Investor guide
$450,000
Estimated Value
$530,000
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
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
One Bedroom Plus Den with 2 full washrooms in the prestigious Daniel building * The "ARC". Located At the Corner ofEglinton and Erin Mills. in the Heart of Daniel Erin Mills Master Plan Community. Spacious, Open Concept with Soaring 10 Feet Ceiling, CentreIsland in Kitchen and Plenty of Cupboards. Private Den for Yours to use, Ensuite Laundry, Stainless Steel Appliances, Right in Front of The ErinMills Mall and Credit View Hospital, Convenience of All Sorts at The Doorstep. Steps To All Amenities, Public Transit,403, Go Station & MuchMore Full Court Gym, Fitness Centre, BBQ Stations, Lounge & Media Room.
MississaugaInvestor.ca
403- 2520 Eglinton Avenue
Condo Apartment · 2bd/2ba · ~650 sqft
$450,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.84%
Monthly Cash Flow
-$632/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-7.7%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,071 |
| Property Tax | −$315 |
| Insurance | −$225 |
| Condo Fee | −$538 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$632/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$3,780 |
| Insurance | −$2,700 |
| Condo Fee | −$6,456 |
| Annual NOI | $17,274 |
| Cap Rate | 3.84% |
Cash Required to Close
| Down Payment (20%) | $90,000 |
| Ontario Land Transfer Tax | $5,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,475 |
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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