
705- 2665 Windwood Drive, Mississauga
Meadowvale · Investor guide
$554,000
Estimated Value
$497,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX PROFESSIONALS INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,100/mo
Based on Meadowvale neighbourhood rental data for 3-bed Condo Apartment
Remarks
***SEE VIRTUAL TOUR! Welcome to this completely renovated, move-in-ready 3-bedroom, 2-bath home with 2 underground parking spaces, located in a desirable Mississauga neighbourhood. Fully renovated from end to end, this home is ideal for first-time buyers, investors, or those looking to simplify without sacrificing comfort or style. Fresh neutral paint creates a bright, modern feel, while durable, low-maintenance laminate and porcelain throughout, accented by newer baseboards and doors. Both bathrooms have been tastefully renovated. Floor-to-ceiling windows flood the spacious living and dining areas with natural light. 2 of 3 Bedrooms feature LED Pot Lights - rare in this building ('18). Step onto the large, renovated balcony and enjoy peaceful western views overlooking mature trees and green space, perfect for relaxing at the end of the day. The primary bedroom features a walk-in closet and private 2pc.Ensuite, while the second and third bedrooms offer flexibility for family, guests, or a home office. Additional features include a newer Stainless Steel Fridge, Stove, Dishwasher, Front-Loading Washer & Dryer, ample closet space, an in-unit storage room, central air-conditioning keeps the home cool in the summer, a new circuit breaker panel ('18) and even a RING Camera! The building has been extensively modernized with updated hallways, lobby, elevators, windows, balconies, roof, and outdoor patio areas. Condo fees include all utilities, including HYDRO, heat, and water, plus a 24-hour on-site superintendent, weekday property management, visitor parking, party room, car wash bay, and bike room. A new gym and party room are under renovation to be completed this year. Opt. additional parking ($50/month) and lockers ($20-$25/month, short waitlist) are available. Enjoy easy access to Highways 401, 403, and 407, nearby GO stations, MiWay transit in front of the building and walking distance to schools, shopping, parks, bike trails, and Lake Wabukayne.
MississaugaInvestor.ca
705- 2665 Windwood Drive
Condo Apartment · 3bd/2ba · ~1,100 sqft
$554,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.94%
Monthly Cash Flow
-$1,192/mo
Estimated Rent
$3,100/mo
Cash-on-Cash
-11.79%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,100 |
| Mortgage | −$2,550 |
| Property Tax | −$388 |
| Insurance | −$225 |
| Condo Fee | −$974 |
| Vacancy (5%) | −$155 |
| Cash Flow | -$1,192/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,200 |
| Vacancy (5%) | −$1,860 |
| Property Tax | −$4,654 |
| Insurance | −$2,700 |
| Condo Fee | −$11,688 |
| Annual NOI | $16,298 |
| Cap Rate | 2.94% |
Cash Required to Close
| Down Payment (20%) | $110,800 |
| Ontario Land Transfer Tax | $7,555 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $121,355 |
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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