609- 2177 Burnhamthorpe Road, Mississauga
Erin Mills · Investor guide
$549,000
Estimated Value
$512,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by TEAM PANAG REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,600/mo
Based on Erin Mills neighbourhood rental data for 2-bed Condo Apartment
Remarks
Amazing Opportunity To own an Oversized Condo In A Great Location With All Amenities In This Gated Complex With 24-Hour Security, Party Room, Library, Indoor Swimming Pool, Squash Court, Exercise Room/Gym, Bbq Area+. At Your Convenience: 2 Shopping Malls, Transit, Utm, Credit Valley Hospital. Fall In Love Without Any Compromise With This Extra Large Two Bedroom + Solarium Corner Unit With Modern Decor And Style, As Well As Wonderful Views From Every Corner. All utilities included in the maintenance costs including wifi at no extra costs.
MississaugaInvestor.ca
609- 2177 Burnhamthorpe Road
Condo Apartment · 2bd/2ba · ~1,100 sqft
$549,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.4%
Monthly Cash Flow
-$1,888/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-18.84%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$2,527 |
| Property Tax | −$384 |
| Insurance | −$225 |
| Condo Fee | −$1,222 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$1,888/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$4,612 |
| Insurance | −$2,700 |
| Condo Fee | −$14,664 |
| Annual NOI | $7,664 |
| Cap Rate | 1.4% |
Cash Required to Close
| Down Payment (20%) | $109,800 |
| Ontario Land Transfer Tax | $7,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,255 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.