1203- 1615 Bloor Street, Mississauga
Applewood · Investor guide
$509,000
Estimated Value
$449,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX SKYWAY REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
11
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Based on Applewood neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to Suite 1203 at 1615 Bloor Street, a bright, spacious, and exceptionally well- maintained condo offering the perfect blend of comfort, style, and convenience. This inviting home features a functional open-concept layout with combined living and dining areas, ideal for both everyday living and entertaining. The modern kitchen is equipped with quartz countertops and stainless steel appliances, providing both elegance and practicality. Offering two generously sized bedrooms, one full bathroom, a convenient powder room, in-suite owned laundry, and additional storage space, this unit is thoughtfully designed to meet your everyday needs. One underground parking space is also included. Enjoy an impressive selection of building amenities, including a daycare on the main level, indoor swimming pool, sauna, fitness centre, park, visitor parking, and more. Situated in a highly desirable location with easy access to transit, shopping, schools, parks, and major highways, this is an excellent opportunity for first-time buyers, downsizers, or investors alike. Government-funded daycare on-site, with priority enrolment for building residents
MississaugaInvestor.ca
1203- 1615 Bloor Street
Condo Apartment · 2bd/2ba · ~850 sqft
$509,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.81%
Monthly Cash Flow
-$1,152/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-12.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$2,343 |
| Property Tax | −$356 |
| Insurance | −$225 |
| Condo Fee | −$650 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$1,152/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$4,276 |
| Insurance | −$2,700 |
| Condo Fee | −$7,800 |
| Annual NOI | $14,294 |
| Cap Rate | 2.81% |
Cash Required to Close
| Down Payment (20%) | $101,800 |
| Ontario Land Transfer Tax | $6,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $111,455 |
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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