1302- 50 Absolute Avenue, Mississauga
City Centre · Investor guide
$399,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by BAY STREET GROUP INC.
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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome To The Iconic 50 Absolute Ave ! This 2 Bed, 2 Bath At Approx : 860 Sqf W/Stunning 130 Sqf. Balcony, Features A Split Bedrooms Floor plan, Freshly Painted Throughout, New Vinyl Flooring In Living/Dining. Showcasing Many Builder Upgrades, Stainless Steel Appliances, Mirrored Backsplash, Granite Kitchen Counter W/Breakfast Bar, Marble Bathroom Vanities, 9' Smooth Ceilings, Bonus: This Bright Unit Is Not On The Curve. Primary W/Large Walk-In ! 2-Storey Gym, Indoor/Outdoor Pools, Squash Courts, Basketball Court - Steps From Sq1, Hwys, LRT, Transit & More !
MississaugaInvestor.ca
1302- 50 Absolute Avenue
Condo Apartment · 2bd/2ba · ~850 sqft
$399,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.3%
Monthly Cash Flow
-$1,071/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-14.73%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$1,837 |
| Property Tax | −$279 |
| Insurance | −$225 |
| Condo Fee | −$1,010 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,071/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,352 |
| Insurance | −$2,700 |
| Condo Fee | −$12,120 |
| Annual NOI | $9,188 |
| Cap Rate | 2.3% |
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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