402- 2565 Erin Centre Boulevard, Mississauga
Central Erin Mills · Investor guide
$389,900
Estimated Value
$482,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE BURLOAK REAL ESTATE SERVICES
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Based on Central Erin Mills neighbourhood rental data for 1-bed Condo Apartment
Remarks
Welcome to unit 402 in beautiful Parkway Place! This charming 1-bedroom, 1-bathroom condo boasts exceptional value with its well-maintained interior and inviting layout. Enjoy the ease of hardwood and tile flooring throughout, along with the convenience of ample storage and in-suite laundry. The crown jewel of this unit is the balcony, offering breathtaking views of lush greenspace that captivate in every season. This opportunity also includes one underground parking spot, as well as a storage locker. The building is well-managed and provides top-notch amenities, including 24-hour security, an indoor pool, gym, party room, library, and tennis courts. With condo fees encompassing heat, hydro, and water, this property is a fantastic opportunity for first-time buyers or those looking to downsize. Embrace effortless living in a prime location, just steps away from shopping, highway access, and Credit Valley Hospital. Everything you need is right at your doorstep!
MississaugaInvestor.ca
402- 2565 Erin Centre Boulevard
Condo Apartment · 1bd/1ba · ~550 sqft
$389,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.35%
Monthly Cash Flow
-$1,032/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-14.52%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$1,795 |
| Property Tax | −$273 |
| Insurance | −$225 |
| Condo Fee | −$686 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$1,032/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$3,275 |
| Insurance | −$2,700 |
| Condo Fee | −$8,232 |
| Annual NOI | $9,163 |
| Cap Rate | 2.35% |
Cash Required to Close
| Down Payment (20%) | $77,980 |
| Ontario Land Transfer Tax | $4,324 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $85,304 |
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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