901- 1140 Parkwest Place, Mississauga
Lakeview · Investor guide
$599,000
Estimated Value
$659,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE PORRITT REAL ESTATE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,800/mo
Based on Lakeview neighbourhood rental data for 2-bed Condo Apartment
Remarks
Bright and cheery, this sun-filled 2-bedroom condo offers a spacious and inviting layout with hardwood floors throughout. Featuring 2 full bathrooms and the convenience of in-suite laundry, this home is designed for comfortable everyday living. Step out onto the open balcony and enjoy outdoor living with a direct natural gas BBQ hookup-perfect for entertaining or relaxing. The generous primary bedroom includes a walk-in closet and a luxurious 4-piece ensuite complete with a soaker tub. Residents also enjoy the peace of mind of a 24-hour concierge. Ideally located just steps from scenic trails and close to schools, parks, shopping, and public transit, this condo offers exceptional convenience. Enjoy quick access to Port Credit, the Port Credit GO Station, and major highways, making commuting and exploring the area effortless.
MississaugaInvestor.ca
901- 1140 Parkwest Place
Condo Apartment · 2bd/2ba · ~950 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.37%
Monthly Cash Flow
-$1,574/mo
Estimated Rent
$2,800/mo
Cash-on-Cash
-14.39%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,800 |
| Mortgage | −$2,757 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$833 |
| Vacancy (5%) | −$140 |
| Cash Flow | -$1,574/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,600 |
| Vacancy (5%) | −$1,680 |
| Property Tax | −$5,032 |
| Insurance | −$2,700 |
| Condo Fee | −$9,996 |
| Annual NOI | $14,192 |
| Cap Rate | 2.37% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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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