
513- 250 Webb Drive, Mississauga
City Centre · Investor guide
$499,000
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RARE REAL ESTATE
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
Rarely offered with two underground parking spaces and maintenance fees that include heat, hydro and water, this spacious 2-bedroom plus den condo offers exceptional value in the heart of Mississauga. Boasting 1,064 sq. ft. of well-designed living space, two full bathrooms, a locker, and an upgraded laminate floor throughout, this home is perfect for families, professionals, or downsizers seeking comfort and convenience. The modern kitchen features eye-catching red granite countertops, stainless steel appliances, a custom backsplash, and a seamless connection to the dining area, perfect for hosting family and friends.The generous primary bedroom offers dual closets and a private 4 piece ensuite. Glass sliding doors connect the second bedroom to a bright solarium, providing a versatile space that's perfect for a home office, reading nook, or sitting area. Large west facing windows bring in plenty of natural light while showcasing beautiful city views. Perfectly situated just minutes from Square One Shopping Centre, public transit, restaurants, shopping, and Highway 403, residents also enjoy an impressive selection of building amenities, including an indoor pool, whirlpool, fitness centre, tennis and basketball courts, billiards room, recreation room, party room, and more.
MississaugaInvestor.ca
513- 250 Webb Drive
Condo Apartment · 3bd/2ba · ~1,100 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.78%
Monthly Cash Flow
-$1,140/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-12.52%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,297 |
| Property Tax | −$349 |
| Insurance | −$225 |
| Condo Fee | −$1,071 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,140/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$4,192 |
| Insurance | −$2,700 |
| Condo Fee | −$12,852 |
| Annual NOI | $13,886 |
| Cap Rate | 2.78% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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