
LPH8- 50 Absolute Avenue, Mississauga
City Centre · Investor guide
$499,990
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
14
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Experience elevated living in the iconic Marilyn Monroe Towers, one of Mississauga's most recognized luxury residences. This exceptional lower penthouse with upgraded finishes throughout offers 2 spacious bedrooms, 2 full bathrooms, soaring ceilings, 8 ft doors, and breathtaking unobstructed views framed by expansive floor-to-ceiling windows. A spectacular 75 ft. wraparound balcony, accessible from every room, creates seamless indoor-outdoor living and showcases the skyline from every angle.The thoughtfully designed open-concept layout is perfect for entertaining, featuring a breakfast bar, granite kitchen countertops and backsplash, Jenn-Air stainless steel kitchen appliances, and a Sub-Zero integrated refrigerator. The generous primary retreat boasts a private ensuite, while brand new engineered hardwood flooring adds warmth and sophistication throughout. Complete with a tandem parking space for 2 vehicles, locker, and exclusive access to the stunning 48th-floor lounges, residents also enjoy an impressive collection of resort-inspired amenities, including indoor and outdoor pools, a fully equipped fitness centre, basketball and squash courts, elegant party rooms, guest suites, 24-hour concierge, and beautifully landscaped grounds.Ideally located in the heart of Mississauga, you're just steps from Square One Shopping Centre, Celebration Square, top-rated restaurants, cafés, Sheridan College, the Living Arts Centre, YMCA, and scenic parks. Enjoy effortless access to Highways 403, 401, and the QEW, as well as the future Hurontario LRT, making commuting throughout the GTA exceptionally convenient.
MississaugaInvestor.ca
LPH8- 50 Absolute Avenue
Condo Apartment · 2bd/2ba · ~850 sqft
$499,990
Cash-Flow Report · July 31, 2026
Cap Rate
1.79%
Monthly Cash Flow
-$1,556/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,301 |
| Property Tax | −$350 |
| Insurance | −$225 |
| Condo Fee | −$960 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,556/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,200 |
| Insurance | −$2,700 |
| Condo Fee | −$11,520 |
| Annual NOI | $8,940 |
| Cap Rate | 1.79% |
Cash Required to Close
| Down Payment (20%) | $99,998 |
| Ontario Land Transfer Tax | $6,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,473 |
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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