
905- 3065 Queen Frederica Drive, Mississauga
Applewood · Investor guide
$389,000
Estimated Value
$449,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by BONNATERA REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
17
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Based on Applewood neighbourhood rental data for 2-bed Condo Apartment
Remarks
Affordability, space, and location come together in this spacious 2-bedroom unit nestled in a quiet, safe, and well-maintained building. Beautifully updated throughout, this move-in ready home features a refreshed kitchen with modern countertops, stylish full-height tile backsplash, and ample cabinetry. Modern waterproof vinyl flooring runs throughout the unit, offering exceptional durability, comfort, and low-maintenance living. The tastefully renovated bathroom showcases a sleek vanity, oversized marble-look tile tub surround, modern fixtures, and contemporary finishes. The functional layout offers generously sized bedrooms, making this home ideal for first-time buyers, downsizers, or investors seeking exceptional value. Maintenance fees include ALL utilities, providing outstanding convenience and predictable monthly expenses. The building has undergone several important upgrades over the years, including newer windows, a renovated lobby, updated elevators, and roof replacement, providing added peace of mind for years to come. Residents also enjoy an outdoor swimming pool, extensive security camera coverage throughout the building, and a welcoming community atmosphere. Perfectly positioned in a highly convenient Mississauga neighbourhood, you'll enjoy effortless access to shopping centres, restaurants, parks, schools, and everyday amenities. Commuting is easy with quick connections to the QEW, Highways 401 & 427, GO Transit, and MiWay, while the scenic Lake Ontario waterfront is just minutes away.
MississaugaInvestor.ca
905- 3065 Queen Frederica Drive
Condo Apartment · 2bd/1ba · ~850 sqft
$389,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.91%
Monthly Cash Flow
-$524/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-7.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$1,791 |
| Property Tax | −$272 |
| Insurance | −$225 |
| Condo Fee | −$658 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$524/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$3,268 |
| Insurance | −$2,700 |
| Condo Fee | −$7,896 |
| Annual NOI | $15,206 |
| Cap Rate | 3.91% |
Cash Required to Close
| Down Payment (20%) | $77,800 |
| Ontario Land Transfer Tax | $4,310 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $85,110 |
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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