
2006- 285 Enfield Place, Mississauga
City Centre · Investor guide
$399,000
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 PERCY FULTON LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
14
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
A view you'll never outgrow. Welcome to this spacious 2+1 bedroom, 2-bath condo overlooking the picturesque Kariya Park, where floor-to-ceiling windows frame breathtaking, unobstructed views of lush greenery and the park's iconic cherry blossoms each spring. Offering a bright, functional layout with generous principal rooms and a versatile sunroom perfect for a home office or guest space, this suite is the perfect canvas to renovate and make your own. A great opportunity with an entry point under $400,000-allowing you to invest in updates while building equity in one of Mississauga's most connected neighbourhoods. Just steps to Square One, Celebration Square, transit, restaurants, shopping, parks, and the future Hurontario LRT, with quick access to Highways 403, 401, and the QEW. Enjoy the comfort of a well-established building with exceptional amenities, including concierge, an indoor pool, fitness facilities, a tennis court, and more. Parking, locker, and all utilities included! Whether you're a first-time buyer, investor, or someone looking to create a home tailored to your own style, this is an exceptional opportunity to own a spacious condo in the heart of the city.
MississaugaInvestor.ca
2006- 285 Enfield Place
Condo Apartment · 3bd/2ba · ~850 sqft
$399,000
Cash-Flow Report · July 31, 2026
Cap Rate
4.75%
Monthly Cash Flow
-$258/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-3.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$1,837 |
| Property Tax | −$279 |
| Insurance | −$225 |
| Condo Fee | −$719 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$258/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$3,352 |
| Insurance | −$2,700 |
| Condo Fee | −$8,628 |
| Annual NOI | $18,950 |
| Cap Rate | 4.75% |
Cash Required to Close
| Down Payment (20%) | $79,800 |
| Ontario Land Transfer Tax | $4,460 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,260 |
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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