1605- 2545 Erin Centre Boulevard, Mississauga
Central Erin Mills · Investor guide
$529,000
Estimated Value
$530,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by REAL ONE REALTY 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
$2,650/mo
Based on Central Erin Mills neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to this beautifully maintained residence nestled in a highly desirable and peaceful community. This spacious freshly painted unit features a thoughtfully designed split-bedroom layout offering exceptional privacy and comfort, with two full bathrooms, an updated kitchen, and separate living and dining areas ideal for both everyday living and entertaining. Enjoy tranquil views of lush greenery and open skies from your home, creating a serene atmosphere from morning to evening. This exceptional gated community offers outstanding amenities including an indoor pool, hot tub, games room, and concierge service, providing comfort, convenience, and peace of mind. Ideally located just minutes from Erin Mills Town Centre, Credit Valley Hospital, public transit, top-rated schools, and major highways. A wonderful opportunity to enjoy a relaxed lifestyle in one of Mississauga's most sought-after communities - welcome home.
MississaugaInvestor.ca
1605- 2545 Erin Centre Boulevard
Condo Apartment · 2bd/2ba · ~850 sqft
$529,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.68%
Monthly Cash Flow
-$1,693/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-17.54%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,435 |
| Property Tax | −$370 |
| Insurance | −$225 |
| Condo Fee | −$1,180 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$1,693/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$4,444 |
| Insurance | −$2,700 |
| Condo Fee | −$14,160 |
| Annual NOI | $8,906 |
| Cap Rate | 1.68% |
Cash Required to Close
| Down Payment (20%) | $105,800 |
| Ontario Land Transfer Tax | $7,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $115,855 |
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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