1510- 80 Absolute Avenue, Mississauga
City Centre · Investor guide
$459,880
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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 Absolute Avenue and this gated community featuring the iconic "Marilyn Munro" towers. This 2-bedroom, 2 Bathroom unit at 80 Absolute Avenue offers an unobstructed eastern view overlooking Cooksville Creek and beyond from the balcony or floor-to-ceiling bedroom windows. Favourably situated within walking distance to the Square One Shopping Mall district, offering numerous and varied shopping, dining, and entertainment options. The complex offers owners an indoor and outdoor pool, hot tub and steam room, indoor running track, cardio and weight facility, squash and basketball courts and media/theatre room. No need to venture out for activities, but if you must transit, easy access to highways offers any new owner even more convenience in this central Mississauga location.
MississaugaInvestor.ca
1510- 80 Absolute Avenue
Condo Apartment · 2bd/2ba · ~750 sqft
$459,880
Cash-Flow Report · July 31, 2026
Cap Rate
2.28%
Monthly Cash Flow
-$1,242/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-14.81%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,117 |
| Property Tax | −$322 |
| Insurance | −$225 |
| Condo Fee | −$858 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,242/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,863 |
| Insurance | −$2,700 |
| Condo Fee | −$10,296 |
| Annual NOI | $10,501 |
| Cap Rate | 2.28% |
Cash Required to Close
| Down Payment (20%) | $91,976 |
| Ontario Land Transfer Tax | $5,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,649 |
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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