86- 2945 Thomas Street, Mississauga
Central Erin Mills · Investor guide
$698,000
Estimated Value
$731,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by KW Living Realty
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
14
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,250/mo
Based on Central Erin Mills neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Nestled in one of the most sought-after areas, this bright corner unit is flooded with natural light from its extra windows. The open-concept kitchen leads out to a Balcony while the spacious living and dining room offers room to entertain. The master bedroom features a semi-ensuite, and the home has been freshly renovated with brand-new flooring throughout, plus a newer AC and furnace (2023). Brand new appliances. A walkout from the lower level opens to the backyard. Located in an excellent school district-Castle Bridge (JK-5), Thomas MS (6-8), and John Fraser SS (9-12)-and surrounded by 3 parks and 16 recreation facilities, this home also offers ample visitor parking and quick access to major highways. With shopping and transit close by, this peaceful complex delivers the perfect balance of urban convenience and serene living.
MississaugaInvestor.ca
86- 2945 Thomas Street
Condo Townhouse · 3bd/2ba · ~1,100 sqft
$698,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.15%
Monthly Cash Flow
-$1,380/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-10.82%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$3,213 |
| Property Tax | −$489 |
| Insurance | −$225 |
| Condo Fee | −$540 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$1,380/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$5,863 |
| Insurance | −$2,700 |
| Condo Fee | −$6,480 |
| Annual NOI | $22,007 |
| Cap Rate | 3.15% |
Cash Required to Close
| Down Payment (20%) | $139,600 |
| Ontario Land Transfer Tax | $10,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,035 |
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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