1103- 60 Absolute Avenue, Mississauga
City Centre · Investor guide
$499,900
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE REALTY CENTRE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
13
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Based on City Centre neighbourhood rental data for 3-bed Condo Apartment
Remarks
Centrally Located, Very Spacious, 2 Bedroom & Den. Large And Wrapped Around Balcony With Unobstructed South, South-East And South-West View. Public Transportation At The Foot Of The Building. Walk To Sqi Recently Renovated. Ready To Move In.
MississaugaInvestor.ca
1103- 60 Absolute Avenue
Condo Apartment · 3bd/2ba · ~950 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.91%
Monthly Cash Flow
-$1,088/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-11.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,301 |
| Property Tax | −$350 |
| Insurance | −$225 |
| Condo Fee | −$1,014 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,088/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$4,199 |
| Insurance | −$2,700 |
| Condo Fee | −$12,168 |
| Annual NOI | $14,563 |
| Cap Rate | 2.91% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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