1405- 60 Absolute Avenue, Mississauga
City Centre · Investor guide
$439,900
Estimated Value
$374,000
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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
most recognizable addresses. This bright and spacious 2-bedroom condominium offers an open-concept layout designed for both comfortable everyday living and effortless entertaining. Floor-to-ceiling windows fill the home with natural light, while the contemporary kitchen features sleek cabinetry, quality finishes, and ample storage. The generous primary bedroom offers a relaxing retreat, complemented by a spacious second bedroom ideal for family, guests, or a home office. Resort-style amenities, including: Indoor and outdoor swimming pools Fully equipped fitness centre and weight room Basketball and squash courts Running track Party and games rooms and so much more! Perfectly situated in the heart of Mississauga's thriving City Centre, this location offer sun matched convenience. You're just steps from Square One Shopping Centre, Celebration Square, Sheridan College, the Central Library, YMCA, Living Arts Centre, and countless restaurants, cafés, and entertainment options.
MississaugaInvestor.ca
1405- 60 Absolute Avenue
Condo Apartment · 2bd/2ba · ~850 sqft
$439,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.42%
Monthly Cash Flow
-$1,138/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-14.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,025 |
| Property Tax | −$308 |
| Insurance | −$225 |
| Condo Fee | −$860 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,138/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,695 |
| Insurance | −$2,700 |
| Condo Fee | −$10,320 |
| Annual NOI | $10,645 |
| Cap Rate | 2.42% |
Cash Required to Close
| Down Payment (20%) | $87,980 |
| Ontario Land Transfer Tax | $5,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $96,253 |
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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