
15- 5031 East Mill Road, Mississauga
East Credit · Investor guide
$599,000
Estimated Value
$720,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE TERREQUITY BHAVSAR REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,200/mo
Based on East Credit neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Modern elegance meets everyday convenience in this beautifully renovated 3-bedroom, 3-bathroom condo townhouse, ideally located in one of Mississauga's most sought-after neighbourhoods near Eglinton Avenue and Creditview Road. Thoughtfully updated from top to bottom and completely move-in ready, this exceptional home offers the perfect combination of style, comfort, and functionality. The stunning kitchen, fully renovated in September 2025, is designed to impress with quartz countertops, a matching full-height quartz backsplash, stainless steel appliances including an induction stove, under-cabinet lighting, abundant cabinetry, and a spacious pantry. Brand-new flooring flows throughout the bright open-concept living and dining areas, creating an inviting space that's perfect for both everyday living and entertaining. Freshly painted throughout, the home also features updated light fixtures, stylish zebra blinds, and beautifully renovated bathrooms, including a contemporary powder room and an elegant primary ensuite. The finished walk-out basement, complete with a cozy gas fireplace, provides additional living space ideal for a family room, home office, or recreation area, while offering direct access to a private backyard-perfect for relaxing or hosting family and friends. Additional features include central vacuum, inside entry from the garage, and a newly completed front porch installed by the condominium corporation. Perfectly positioned within walking distance to grocery stores, banks, pharmacies, restaurants, and everyday amenities, this home is also just minutes from Square One Shopping Centre, Credit Valley Hospital, Erindale GO Station, highly regarded schools, parks, and Highway 403, making commuting and daily life incredibly convenient. Offering quality renovations, functional living space, and an unbeatable location, this is an outstanding opportunity to own a truly turnkey home in the heart of Mississauga.
MississaugaInvestor.ca
15- 5031 East Mill Road
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.9%
Monthly Cash Flow
-$1,309/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-11.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$2,757 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$948 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$1,309/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$5,032 |
| Insurance | −$2,700 |
| Condo Fee | −$11,376 |
| Annual NOI | $17,372 |
| Cap Rate | 2.9% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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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