1607- 202 Burnhamthorpe Road, Mississauga
Mississauga Valleys · Investor guide
$540,000
Estimated Value
$405,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
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
$2,500/mo
Based on Mississauga Valleys neighbourhood rental data for 2-bed Condo Apartment
Remarks
Less than 1 year old Keystone building, 2-Bed 2 Bath Corner Unit, offers approximately 700 sq ft of bright, modern living with sleek finishes and floor to ceiling windows. Enjoy a wide open city views from the balcony. Amenities including Gym, Party room, Outdoor pool, Yoga Studio, and Concierge. One bus to UTM & one bus to subway. Easy access to Hwy 403 & QEW.
MississaugaInvestor.ca
1607- 202 Burnhamthorpe Road
Condo Apartment · 2bd/2ba · ~650 sqft
$540,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.78%
Monthly Cash Flow
-$1,233/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-12.51%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$2,486 |
| Property Tax | −$378 |
| Insurance | −$225 |
| Condo Fee | −$519 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$1,233/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$4,536 |
| Insurance | −$2,700 |
| Condo Fee | −$6,228 |
| Annual NOI | $15,036 |
| Cap Rate | 2.78% |
Cash Required to Close
| Down Payment (20%) | $108,000 |
| Ontario Land Transfer Tax | $7,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $118,275 |
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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