
1409- 550 Webb Drive, Mississauga
City Centre · Investor guide
$529,900
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE IGNITE REALTY
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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
This beautifully upgraded 2-bedroom + solarium 1020 sq.ft. condo offers the perfect blend of style, comfort, and convenience. With expansive Large windows the home is bathed in natural light, creating a warm and inviting atmosphere throughout. Step inside to discover laminate flooring that flows seamlessly across the unit, paired with a modern kitchen featuring upgraded countertops, upgraded cabinetry, backsplash and sleek pot lights-a true chef's delight. The unit has been very well maintained and enhanced with upgraded light fixtures and pot lights. The spacious primary bedroom has 2 large his and her closets and access to the washroom that adds to the convenance. Bathroom have been thoughtfully renovated with modern touch offering a spa-like retreat within your own home. Located in a well-managed building, residents enjoy access to a full suite of luxury amenities, including: an outdoor swimming pool, an indoor hot tub, indoor sauna, an outdoor tennis court, squash and racquet courts, a fully equipped gym, a reading room, a media/movie room, a party room, beautifully landscaped outdoor garden, Recreation room for gatherings and events, Ample visitor parking at no cost, 24/7 concierge and security for peace of mind. Prime Location with easy access to Cooksville GO, Erindale GO, Mississauga (Square One) Transit Hub, close proximity to upcoming LRT, steps to Mississauga Transit Bus stop from the building and close proximity to major highways: QEW, 403 & 401, making commute effortless. Close to Downtown Mississauga, Square One Shopping Centre, Celebration Square, YMCA, Living Arts Centre, Celebration Square, Restaurants, Shops, Banks, Medical/Dental clinics, Grocery stores, Daycares, Hospitals etc.-everything you need is within reach. More than just a home, this property offers a lifestyle-a perfect blend of style, functionality, and affordability.
MississaugaInvestor.ca
1409- 550 Webb Drive
Condo Apartment · 2bd/1ba · ~1,100 sqft
$529,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.96%
Monthly Cash Flow
-$1,572/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-16.25%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,439 |
| Property Tax | −$371 |
| Insurance | −$225 |
| Condo Fee | −$817 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,572/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,451 |
| Insurance | −$2,700 |
| Condo Fee | −$9,804 |
| Annual NOI | $10,405 |
| Cap Rate | 1.96% |
Cash Required to Close
| Down Payment (20%) | $105,980 |
| Ontario Land Transfer Tax | $7,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $116,053 |
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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