1202- 3525 Kariya Drive, Mississauga
City Centre · Investor guide
$629,900
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by KW Living Realty
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 Luxurious 2 Bedroom 2 Bath Corner Suite With Spectacular Unobstructed View Of Lake Ontario At Prime Location in Mississauga. Featuring 9ft Ceiling with Floor-to-Ceiling Window Wrapping Around Living Room As Well As Primary Bedroom. Granite Countertop, Spacious Primary Bedroom W/Full Size Walk-In Closet And 4 Pc Ensuite Bath, 24 Hrs Concierge, Guest Suites, Games Room, Gym, Distance To Square One And Go Station LRT Line Coming Soon. Tons Of Natural Lights In Spacious Living & Bedrooms. Breakfast-Bar In Kitchen, Walk To Square 1; Go Stn, Hospital, Banks, Library, Ymca, Restaurants, Hwys, Parks, Churches And Schools - Highly Demanded Area.
MississaugaInvestor.ca
1202- 3525 Kariya Drive
Condo Apartment · 2bd/2ba · ~850 sqft
$629,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.73%
Monthly Cash Flow
-$1,989/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.29%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,899 |
| Property Tax | −$441 |
| Insurance | −$225 |
| Condo Fee | −$704 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,989/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,291 |
| Insurance | −$2,700 |
| Condo Fee | −$8,448 |
| Annual NOI | $10,921 |
| Cap Rate | 1.73% |
Cash Required to Close
| Down Payment (20%) | $125,980 |
| Ontario Land Transfer Tax | $9,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $138,053 |
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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