
19- 6240 Montevideo Road, Mississauga
Meadowvale · Investor guide
$660,000
Estimated Value
$696,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE PINNACLE REAL ESTATE
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
2
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,700/mo
Based on Meadowvale neighbourhood rental data for 4-bed Condo Townhouse
Remarks
Beautifully upgraded home offering a perfect blend of style, comfort, and functionality. Featuring a modern open-concept layout, the main floor showcases a fully renovated kitchen with extra-deep shaker-style cabinetry, soft-close drawers, quartz countertops, updated backsplash, and over-the-range microwave.New flooring, baseboards, window trims, and fresh paint throughout create a clean, contemporary feel. Elegant oak wood staircase connects all levels, adding warmth and character. Both bathrooms have been tastefully updated with new vanities, fixtures, toilet seats, and a new bathtub with tiled surround and niche.Equipped with energy-efficient mini-split heat pumps providing heating and cooling for year-round comfort.Professionally improved backyard features raised grading, pressure-treated wood deck, private fencing, garden beds, built-in benches, and tree removal-ideal for relaxing or entertaining outdoors.Additional highlights include interior access to the garage for added convenience. Located close to all major highways 401, 403, 407, schools, parks, shopping, and transit.Buyer/Buyer agent to verify all measurements, fees and Taxes.
MississaugaInvestor.ca
19- 6240 Montevideo Road
Condo Townhouse · 4bd/2ba · ~1,300 sqft
$660,000
Cash-Flow Report · July 31, 2026
Cap Rate
4.13%
Monthly Cash Flow
-$767/mo
Estimated Rent
$3,700/mo
Cash-on-Cash
-6.36%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,700 |
| Mortgage | −$3,038 |
| Property Tax | −$462 |
| Insurance | −$225 |
| Condo Fee | −$557 |
| Vacancy (5%) | −$185 |
| Cash Flow | -$767/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$44,400 |
| Vacancy (5%) | −$2,220 |
| Property Tax | −$5,544 |
| Insurance | −$2,700 |
| Condo Fee | −$6,684 |
| Annual NOI | $27,252 |
| Cap Rate | 4.13% |
Cash Required to Close
| Down Payment (20%) | $132,000 |
| Ontario Land Transfer Tax | $9,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,675 |
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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