2206- 30 Elm Drive, Mississauga
City Centre · Investor guide
$498,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTRAL HOME REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
20
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Bright & Spacious 1+Den Suite In The Heart Of Mississauga City Centre. Functional Layout Featuring 2 Full Washrooms, Open-Concept Living & Dining Area, And A Versatile Den With French Doors Ideal As A Home Office Or Potential Second Bedroom. The Primary Bedroom Offers A Large Closet, Ensuite Bath, And Walkout To Balcony With Beautiful Lake And City Views. Features 9-Ft Ceilings, Floor-To-Ceiling Windows, Premium Laminate Flooring, Quartz Countertops, Designer Kitchen, Premium Integrated Appliances, And Ensuite Laundry. Exceptional Building Amenities Include 24-Hour Concierge, Fitness Centre, Yoga Studio, Guest Suites, Party Room, Rooftop Terrace, Theatre Room, And High-Speed Internet. Steps To Square One, Celebration Square, Sheridan College, Transit, GO Station, And Future Hurontario LRT. Includes One Parking Space And One Locker.
MississaugaInvestor.ca
2206- 30 Elm Drive
Condo Apartment · 2bd/2ba · ~650 sqft
$498,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.69%
Monthly Cash Flow
-$1,174/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-12.92%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,292 |
| Property Tax | −$349 |
| Insurance | −$225 |
| Condo Fee | −$588 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,174/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,183 |
| Insurance | −$2,700 |
| Condo Fee | −$7,056 |
| Annual NOI | $13,421 |
| Cap Rate | 2.69% |
Cash Required to Close
| Down Payment (20%) | $99,600 |
| Ontario Land Transfer Tax | $6,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,035 |
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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