304a- 3605 Kariya Drive, Mississauga
City Centre · Investor guide
$345,000
Estimated Value
$325,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SPECIALISTS INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
16
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Based on City Centre neighbourhood rental data for 1-bed Condo Apartment
Remarks
Nestled in the vibrant heart of Mississauga, this delightful one-bedroom, one-bathroom unit offers the perfect blend of comfort and convenience. Just a short stroll from Square One Shopping Centre and all major amenities, you'll have everything you need right at your doorstep including a full suite of lifestyle amenities for residents to enjoy. Step inside to find a bright and welcoming living space, bathed in natural light from a large window that offers a beautiful view. The spacious kitchen overlooks the living room, creating an open and airy feel that's perfect for entertaining or relaxing.This well-maintained unit is ideal for first-time homebuyers, down sizers, or investors looking for a prime location. Gas, hydro, cable and internet included in maintenance fees. Don't miss your chance to own this gem in one of Mississaugas most sought-after neighbourhoods!
MississaugaInvestor.ca
304a- 3605 Kariya Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$345,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.78%
Monthly Cash Flow
-$1,076/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-17.07%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,588 |
| Property Tax | −$242 |
| Insurance | −$225 |
| Condo Fee | −$778 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,076/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$2,898 |
| Insurance | −$2,700 |
| Condo Fee | −$9,336 |
| Annual NOI | $6,156 |
| Cap Rate | 1.78% |
Cash Required to Close
| Down Payment (20%) | $69,000 |
| Ontario Land Transfer Tax | $3,650 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $75,650 |
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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