
22- 680 Atwater Avenue, Mississauga
Mineola · Investor guide
$669,000
Estimated Value
$874,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 HERITAGE GROUP LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,850/mo
Based on Mineola neighbourhood rental data for 2-bed Condo Apartment
Remarks
2-Bedroom Modern Townhome in prestigious Mineola, where you can enjoy a luxurious lifestyle close to the lake. With 9' Ceiling, Bright Open Concept Kitchen Combined With Living/Dining Overlooking Private Patio, Ensuite Bathroom W/High Quality Bath Fixtures. Minutes Away From Trendy Amenities Mississauga's Southside Has To Offer: Port Credit's GO Transit station, Close to QEW, Transit, Parks, Schools, Places Of Worship, Restaurants, Shopping, Dining, And Much More!
MississaugaInvestor.ca
22- 680 Atwater Avenue
Condo Apartment · 2bd/1ba · ~750 sqft
$669,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.11%
Monthly Cash Flow
-$1,343/mo
Estimated Rent
$2,850/mo
Cash-on-Cash
-10.99%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,850 |
| Mortgage | −$3,079 |
| Property Tax | −$468 |
| Insurance | −$225 |
| Condo Fee | −$278 |
| Vacancy (5%) | −$143 |
| Cash Flow | -$1,343/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,200 |
| Vacancy (5%) | −$1,710 |
| Property Tax | −$5,620 |
| Insurance | −$2,700 |
| Condo Fee | −$3,336 |
| Annual NOI | $20,834 |
| Cap Rate | 3.11% |
Cash Required to Close
| Down Payment (20%) | $133,800 |
| Ontario Land Transfer Tax | $9,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $146,655 |
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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