
401- 310 Burnhamthorpe Road, Mississauga
City Centre · Investor guide
$629,000
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ABOUTOWNE REALTY CORP.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
11
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
Experience elevated urban living at Grand Ovation Condos! This stunning 2-bedroom + den, 2-bathroom suite offers 859 sq ft of thoughtfully designed space. Upgraded in 2024 and freshly painted, the unit showcases a sleek modern kitchen with refined cabinetry, contemporary countertops, a central island, and newer stainless steel appliances. Stylish laminate flooring and designer lighting enhance the modern ambiance throughout. The primary bedroom features a walk-in closet and a private ensuite, while the den offers a flexible space for work or relaxation. Step out onto the private balcony, a serene retreat perfect for unwinding. A dedicated parking spot adds to your convenience, along with shared visitor parking, perfect for guests. Residents also enjoy premium building amenities including a fitness centre, concierge service, rooftop terrace, party room, game room, BBQ areas, guest suites and washrooms. Located just steps from Square One Shopping Centre and public transit, with quick access to Highway 403, and only minutes from grocery stores, dining, daily essentials ,Schools and Parks, this location truly delivers on lifestyle and accessibility. This move-in ready home is rare with comparably low monthly fees , find-schedule for showing today and discover the comfort, quality, and tranquility it has to offer! REMAINING FURNITURES IN THE HOME IS NEGOTIABLE
MississaugaInvestor.ca
401- 310 Burnhamthorpe Road
Condo Apartment · 3bd/2ba · ~850 sqft
$629,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.01%
Monthly Cash Flow
-$1,320/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-11.49%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,895 |
| Property Tax | −$440 |
| Insurance | −$225 |
| Condo Fee | −$562 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,320/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$5,284 |
| Insurance | −$2,700 |
| Condo Fee | −$6,744 |
| Annual NOI | $18,902 |
| Cap Rate | 3.01% |
Cash Required to Close
| Down Payment (20%) | $125,800 |
| Ontario Land Transfer Tax | $9,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $137,855 |
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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