PH03- 4633 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$629,000
Estimated Value
$579,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
12
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 Apartment
Remarks
Welcome to PH03 at 4633 Glen Erin Dr, a pristine open-concept residence designed for comfortable living. Featuring 2 bedrooms plus a den, 2 full bathrooms, and large windows with unobstructed views, this suite is filled with natural light and thoughtfully planned space. The additional den provides excellent flexibility, while the prime location offers walkable access to Erin Mills Mall, public transit, shopping, and major amenities - making it an ideal choice for professionals and families alike.
MississaugaInvestor.ca
PH03- 4633 Glen Erin Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$629,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.98%
Monthly Cash Flow
-$1,335/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-11.62%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$2,895 |
| Property Tax | −$440 |
| Insurance | −$225 |
| Condo Fee | −$862 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$1,335/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$5,284 |
| Insurance | −$2,700 |
| Condo Fee | −$10,344 |
| Annual NOI | $18,722 |
| Cap Rate | 2.98% |
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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