1209- 50 Elm Drive, Mississauga
Mississauga Valleys · Investor guide
$488,888
Estimated Value
$405,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by REALTY ONE GROUP FLAGSHIP
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
14
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Based on Mississauga Valleys neighbourhood rental data for 2-bed Condo Apartment
Remarks
Largest two bedroom unit in the Aspenview, Massive Primary room with a beautiful south exposure overlooks lake Ontario, a huge 2nd bedroom, a great open concept design that offers a defined large living room with a door leading to the glass enclosed balcony that offers a beautiful sunroom, a nice family size dining room, a big breakfast area that is connected to the kitchen. The Aspenview is a walking distance from Square One mall, Sheridan College, Mississauga Valley Library, parks and Trail, close to all highways. Maintenance fee is all inclusive
MississaugaInvestor.ca
1209- 50 Elm Drive
Condo Apartment · 2bd/1ba · ~1,100 sqft
$488,888
Cash-Flow Report · July 31, 2026
Cap Rate
1.8%
Monthly Cash Flow
-$1,518/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-17.02%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$2,250 |
| Property Tax | −$342 |
| Insurance | −$225 |
| Condo Fee | −$1,076 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$1,518/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$4,107 |
| Insurance | −$2,700 |
| Condo Fee | −$12,912 |
| Annual NOI | $8,781 |
| Cap Rate | 1.8% |
Cash Required to Close
| Down Payment (20%) | $97,777.6 |
| Ontario Land Transfer Tax | $6,253 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $107,030.6 |
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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