103- 220 Forum Drive, Mississauga
Hurontario · Investor guide
$679,000
Estimated Value
$589,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HIGHPOINT HOMES REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Based on Hurontario neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Situated in a highly sought-after Mississauga neighbourhood, this well-maintained 3-bedroom townhome offers comfort, functionality, and true move-in-ready appeal. Thoughtfully laid out for everyday living, the home includes two owned underground parking spaces and a private locker, providing rare convenience and extra storage. The kitchen has been tastefully updated with granite countertops, a ceramic backsplash, a breakfast bar, and newer stainless steel appliances, while fresh paint, updated lighting, and modern bathroom finishes create a clean, contemporary feel throughout. The primary suite features its own 4-piece ensuite and walk-in closet, with two additional bedrooms offering flexibility for family living, guests, or a dedicated workspace. Ideally located close to Square One, transit, major highways, shopping, schools, parks, and community amenities, this home is an excellent option for buyers looking for value, location, and low-maintenance living, as well as investors seeking a turnkey property in a high-demand area.
MississaugaInvestor.ca
103- 220 Forum Drive
Condo Townhouse · 3bd/3ba · ~1,300 sqft
$679,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.14%
Monthly Cash Flow
-$1,917/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-15.45%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$3,125 |
| Property Tax | −$475 |
| Insurance | −$225 |
| Condo Fee | −$989 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,917/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$5,704 |
| Insurance | −$2,700 |
| Condo Fee | −$11,868 |
| Annual NOI | $14,498 |
| Cap Rate | 2.14% |
Cash Required to Close
| Down Payment (20%) | $135,800 |
| Ontario Land Transfer Tax | $10,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $148,855 |
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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