
507- 60 Absolute Avenue, Mississauga
City Centre · Investor guide
$435,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOUSESIGMA 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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to your dream home in the heart of the bustling city! This stunning property boasts 1 spacious bedroom and 2 luxurious bathrooms, offering the perfect blend of comfort and style. As you step inside, you are greeted by an open-concept living space that is flooded with natural light, creating a warm and inviting atmosphere. The modern kitchen is a chef's delight, featuring sleek stainless steel appliances, granite countertops, and ample storage space for all your culinary needs. The bedroom is a tranquil retreat, with plush carpeting, a large walk-in closet, and a private en-suite bathroom that is sure to impress. The spa-like bathroom is a sanctuary of relaxation, with a deep soaking tub, a separate glass-enclosed shower, and dual vanities with elegant marble countertops. But the true highlight of this property is the expansive outdoor terrace, where you can enjoy breathtaking views of the city skyline while sipping your morning coffee or hosting a dinner party under the stars. This outdoor oasis is the perfect place to unwind after a long day and soak in the vibrant energy of the city below. Located in a sought-after neighborhood, this property offers the best of city living with easy access to top-rated restaurants, trendy boutiques, and cultural attractions. Whether you prefer to explore the local art galleries, catch a show at the nearby theater, or simply stroll through the charming streets, this location has something for everyone. In addition, residents of this building enjoy a host of amenities, including a state-of-the-art fitness center, a sparkling rooftop pool, and a 24-hour concierge service to cater to your every need. With secure parking, locker and a pet-friendly policy, this property truly has it all. Don't miss this rare opportunity to own a piece of paradise in the city. Schedule a private tour today and experience the luxury and convenience of urban living at its finest. Welcome home to your own slice of heaven in the heart of the city!
MississaugaInvestor.ca
507- 60 Absolute Avenue
Condo Apartment · 2bd/2ba · ~750 sqft
$435,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.56%
Monthly Cash Flow
-$1,075/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-13.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,002 |
| Property Tax | −$305 |
| Insurance | −$225 |
| Condo Fee | −$823 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,075/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,654 |
| Insurance | −$2,700 |
| Condo Fee | −$9,876 |
| Annual NOI | $11,130 |
| Cap Rate | 2.56% |
Cash Required to Close
| Down Payment (20%) | $87,000 |
| Ontario Land Transfer Tax | $5,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $95,175 |
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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