601- 4655 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$454,599
Estimated Value
$530,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
16
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
Welcome To 4655 Glen Erin Drive, Unit 601, A Beautiful 1-Bedroom + Den Condo, 1 Full Bath, Located In The Heart Of Downtown Erin Mills With Stunning Panoramic Views. This Bright And Spacious Unit Offers A Modern Open-Concept Layout With 9' Smooth Ceilings, 7.5" Wide Plank Laminate Flooring Throughout, And Porcelain Tile In The Bathroom. The Kitchen Features Stone Countertops, A Centre Island, And Full-Size Stainless Steel Appliances, Perfect For Both Everyday Living And Entertaining. The Unit Also Includes Upgraded Finishes In The Bathroom And Bedroom, Along With Quartz Window Sills For A Refined Touch. Enjoy The Convenience Of Being Just Steps Away From Erin Mills Town Centre, Credit Valley Hospital, Restaurants, Shops, Public Transit, And Top-Rated Schools, With Easy Access To Highways 403, 401, And 407. The Building Offers A Full Suite Of Premium Amenities, Including A Private Amenity Building With An Indoor Swimming Pool, Gym, Yoga Studio, Steam Rooms, Party Room With Dining Space, And An Outdoor Terrace Ideal For Social Gatherings. Includes One Parking Space And One Locker. A Perfect Opportunity For First-Time Buyers, Professionals, Or Investors Looking For Stylish Living In A Highly Desirable Prime Mississauga Location.
MississaugaInvestor.ca
601- 4655 Glen Erin Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$454,599
Cash-Flow Report · July 31, 2026
Cap Rate
3.63%
Monthly Cash Flow
-$716/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-8.64%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,092 |
| Property Tax | −$318 |
| Insurance | −$225 |
| Condo Fee | −$598 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$716/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$3,819 |
| Insurance | −$2,700 |
| Condo Fee | −$7,176 |
| Annual NOI | $16,515 |
| Cap Rate | 3.63% |
Cash Required to Close
| Down Payment (20%) | $90,919.8 |
| Ontario Land Transfer Tax | $5,567 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $99,486.8 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.