1404- 3605 Kariya Drive, Mississauga
City Centre · Investor guide
$459,888
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP - SUMMIT REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Based on City Centre neighbourhood rental data for 3-bed Condo Apartment
Remarks
Welcome to a rarely offered, sun-filled corner suite in the prestigious Towne-one of Mississauga's most sought-after addresses. This beautifully refreshed 2-bedroom + solarium, 2-bathroom residence offers an impressive Nearly 1400 Square Feet of Living Space. Practical Layout With No Space Waited. Spacious Bedrooms With Den Large Enough To Be Used As A 3rd Bedroom or Large Office. Gleaning Laminate Floors and Large Windows Allowing For Tons Of Natural Light! Amazing Amenities Such As; Indoor Pool, Theatres, Tennis Court, Squash Court, Billards, Treed Gardens, Party Room, Billard Room , Exercise Room and More! Fantastic Location; Steps From Square One Shopping Centre, Bus Stop, Go Station and New LRT Line. This Is A Must See!
MississaugaInvestor.ca
1404- 3605 Kariya Drive
Condo Apartment · 3bd/2ba · ~1,300 sqft
$459,888
Cash-Flow Report · July 31, 2026
Cap Rate
1.67%
Monthly Cash Flow
-$1,477/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-17.61%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,117 |
| Property Tax | −$322 |
| Insurance | −$225 |
| Condo Fee | −$1,615 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,477/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$3,863 |
| Insurance | −$2,700 |
| Condo Fee | −$19,380 |
| Annual NOI | $7,687 |
| Cap Rate | 1.67% |
Cash Required to Close
| Down Payment (20%) | $91,977.6 |
| Ontario Land Transfer Tax | $5,673 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $100,650.6 |
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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