2105- 36 ELM Drive, Mississauga
City Centre · Investor guide
$499,999
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROSEMOUNT REALTY AND ASSOCIATES LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
12
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
Experience modern condo living in one of Mississauga's most desirable locations. This bright and well-maintained suite offers a functional open-concept layout. Residents have access to exceptional building amenities, including a fitness center, party room, concierge, and visitor parking. Ideally situated just steps from Square One Shopping Centre, Celebration Square, restaurants, cafés, parks, public transit, and the upcoming Hurontario LRT. Minutes to Highways 403, 401, and QEW, making commuting effortless.
MississaugaInvestor.ca
2105- 36 ELM Drive
Condo Apartment · 2bd/2ba · ~650 sqft
$499,999
Cash-Flow Report · July 31, 2026
Cap Rate
2.95%
Monthly Cash Flow
-$1,072/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-11.75%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,301 |
| Property Tax | −$350 |
| Insurance | −$225 |
| Condo Fee | −$476 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,072/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,200 |
| Insurance | −$2,700 |
| Condo Fee | −$5,712 |
| Annual NOI | $14,748 |
| Cap Rate | 2.95% |
Cash Required to Close
| Down Payment (20%) | $99,999.8 |
| Ontario Land Transfer Tax | $6,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,474.8 |
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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