616- 35 Watergarden Drive, Mississauga
Hurontario · Investor guide
$399,000
Estimated Value
$418,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HC REALTY GROUP INC.
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
$2,500/mo
Based on Hurontario neighbourhood rental data for 2-bed Condo Apartment
Remarks
New Luxury Condo By Pinnacle International Bright and spacious suite offering 650 Sq. Ft. + 115 Sq. Ft. private balcony with a functional open-concept layout and 9-ft ceilings. Modern kitchen featuring designer cabinetry, ceramic backsplash, under-cabinet lighting, quartz countertops, and built-in stainless steel appliances. Spacious primary bedroom with a walk-in closet. Floor-to-ceiling windows provide abundant natural light. Includes 1 Parking & 1 Locker.Enjoy exceptional building amenities including 24-Hr Concierge, Indoor Pool, Whirlpool, Fitness Centre, Yoga Studio, Games/Billiards Room, Party Room, Library/Study Lounge, Outdoor Terrace with BBQ Area, and Visitor Parking. Prime Mississauga location close to Square One, Celebration Square, Sheridan College, Transit, GO Station, Restaurants, Parks, and Major Highways. A perfect opportunity to enjoy luxury urban living.
MississaugaInvestor.ca
616- 35 Watergarden Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$399,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.97%
Monthly Cash Flow
-$515/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-7.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$1,837 |
| Property Tax | −$279 |
| Insurance | −$225 |
| Condo Fee | −$549 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$515/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$3,352 |
| Insurance | −$2,700 |
| Condo Fee | −$6,588 |
| Annual NOI | $15,860 |
| Cap Rate | 3.97% |
Cash Required to Close
| Down Payment (20%) | $79,800 |
| Ontario Land Transfer Tax | $4,460 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,260 |
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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