
403- 2485 Woking Crescent, Mississauga
Sheridan · Investor guide
$437,000
Estimated Value
$491,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Based on Sheridan neighbourhood rental data for 2-bed Condo Apartment
Remarks
Location, Location, Location! Welcome to this beautifully updated 2-bedroom condo nestled in the highly sought-after Sheridan neighbourhood of Mississauga. Just steps from the incredible Sheridan Park, enjoy walking trails, playgrounds, sports fields, and even an outdoor swimming pool, all while being minutes from the QEW, 403, GO Transit, shopping, restaurants, and every amenity you could need. This bright and inviting unit has been thoughtfully updated throughout and features a rare ductless split A/C and heat pump system, providing efficient year-round comfort, a standout feature not commonly found in the building. Freshly painted from top to bottom, including the doors and kitchen cabinetry, the condo feels clean, modern, and move-in ready. The spacious kitchen is finished with quartz countertops and a stunning marble backsplash, while the bathroom also features an updated quartz vanity. The sun-filled living and dining area opens onto an updated private balcony with beautiful exposure, filling the home with natural light throughout the day. The oversized primary bedroom offers a large walk-in closet, providing plenty of storage, while the second bedroom is perfect for guests, a home office, or family. A new electrical panel adds additional peace of mind. An owned locker and a convenient parking space located directly across from the balcony make everyday living even easier. Condo fees include heat, hydro, water, parking, building insurance, and common elements, making ownership simple and predictable with very few additional monthly expenses. Whether you're a first-time buyer, downsizer, or investor, this is an exceptional opportunity to own a beautifully updated home in one of Mississauga's most desirable communities. Don't miss your chance to enjoy comfortable, low-maintenance living in an unbeatable location!
MississaugaInvestor.ca
403- 2485 Woking Crescent
Condo Apartment · 2bd/1ba · ~850 sqft
$437,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.5%
Monthly Cash Flow
-$737/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-9.25%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$2,011 |
| Property Tax | −$306 |
| Insurance | −$225 |
| Condo Fee | −$617 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$737/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$3,671 |
| Insurance | −$2,700 |
| Condo Fee | −$7,404 |
| Annual NOI | $15,295 |
| Cap Rate | 3.5% |
Cash Required to Close
| Down Payment (20%) | $87,400 |
| Ontario Land Transfer Tax | $5,215 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $95,615 |
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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