
301- 220 Forum Drive, Mississauga
Hurontario · Investor guide
$614,900
Estimated Value
$467,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE STATE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
15
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 Apartment
Remarks
Experience the perfect blend of neighborhood charm, convenience, and exclusive design in this 2-bedroom plus den, 2-bathroom condo! Perfectly situated on the 3rd floor of Tuscany Gates, Unit 301 offers highly desirable lower-level living with incredibly easy access just steps from the elevator and stairs allowing you to bypass long waits and enjoy a quick, effortless transition from the lobby or parking to your front door.Unlike the congested concrete jungle of high-rises right at the core of City Centre, this unique building is nestled in a quieter, highly sought-after residential pocket at Eglinton & Hurontario giving you a welcoming neighborhood feel while keeping the city at your fingertips.The highly functional split-bedroom layout places the bedrooms on opposite sides of the condo for maximum privacy. Large windows invite pleasant, natural light into the living space, creating a warm and welcoming feel. Directly off the kitchen, enjoy a highly versatile den space that easily functions as a formal dining area, a home office, or an extension of your living space.The ultimate standout feature is the private balcony showcasing stunning architectural arches making this the only unit in the entire building with this unique design! Step outside to relax and enjoy your unobstructed views of the city skyline.Complete with in-suite laundry, central A/C, and owned parking. Premium building amenities include an outdoor pool, gym, billiards, and party room. Unbeatable location steps to local transit and the upcoming Hurontario LRT, and minutes to highways 403/401. A truly rare opportunity!
MississaugaInvestor.ca
301- 220 Forum Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$614,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.78%
Monthly Cash Flow
-$1,405/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-12.51%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$2,830 |
| Property Tax | −$430 |
| Insurance | −$225 |
| Condo Fee | −$817 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,405/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$5,165 |
| Insurance | −$2,700 |
| Condo Fee | −$9,804 |
| Annual NOI | $17,101 |
| Cap Rate | 2.78% |
Cash Required to Close
| Down Payment (20%) | $122,980 |
| Ontario Land Transfer Tax | $8,773 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $134,753 |
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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