
133- 3170 Erin Mills Parkway, Mississauga
Erin Mills · Investor guide
$599,000
Estimated Value
$512,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SERVICES 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
$2,600/mo
Based on Erin Mills neighbourhood rental data for 2-bed Condo Apartment
Remarks
PREMIUM GROUND FLOOR RESIDENCE. Welcome to Unit 133 at "Windows on the Green" by Vandyk Homes, a masterclass in luxury design in Mississauga's premier Erin Mills community. This executive ground-floor apartment is a rare find, offering seamless, stair-free accessibility paired with the effortless lock-and-leave convenience of a boutique low-rise building. It is the perfect match for downsizers, busy professionals, & pet lovers who want the ultimate convenience of stepping directly into their home while completely bypassing high-rise elevators. Freshly painted for a pristine modern aesthetic, the entire residence is completely carpet-free & features beautiful wooden flooring throughout. This ultra-efficient split-bedroom layout positions the principal bedrooms on opposite wings of the suite for optimal privacy, quiet enjoyment, or a work-from-home executive office setup. The grand open-concept living & dining area is illuminated by soaring 9-foot ceilings & features a bright glass sliding patio door walk-out. The functional kitchen serves as a fantastic central hub, complete with solid granite countertops, a timeless tile backsplash, elegant pendant lighting, full-size stainless steel appliances, & a breakfast bar island perfect for morning coffee & casual dining. The primary bedroom features a generous walk-in closet & private ensuite washroom, while the spacious second bedroom sits directly adjacent to the main 4-piece bathroom. Step straight out to your private walk-out balcony featuring rare unobstructed views & equipped with a natural gas line BBQ hookup-a perfect setup for outdoor dining & grilling. The unit includes 1 underground parking space & a storage locker. Minutes to Credit Valley Hospital, UTM, highway networks, & premier shopping. An absolute lifestyle premium!
MississaugaInvestor.ca
133- 3170 Erin Mills Parkway
Condo Apartment · 2bd/2ba · ~850 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.62%
Monthly Cash Flow
-$1,450/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-13.26%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$2,757 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$519 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$1,450/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$5,032 |
| Insurance | −$2,700 |
| Condo Fee | −$6,228 |
| Annual NOI | $15,680 |
| Cap Rate | 2.62% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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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