
108- 4633 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$488,000
Estimated Value
$482,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by REAL BROKER ONTARIO LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,050/mo
Based on Central Erin Mills neighbourhood rental data for 1-bed Condo Apartment
Remarks
Welcome to Suite 108 at Downtown Erin Mills! An expansive, updated one bedroom corner suite offering exceptional space, natural light, and the rare convenience of ground floor living without sacrificing the feel of a modern condominium. Soaring 9' ceilings and floor-to-ceiling windows brighten the open concept layout, while defined living and dining areas create comfortable spaces to relax or entertain. The high spec'd kitchen features full size appliances and granite countertops. Everyday practicality comes from a separate in-suite laundry room, ample storage (plus a separate locker), a large private patio, and underground parking. Rarely does condo living offer outdoor space that feels this usable - perfect for morning coffee, summer dinners, or enjoying the fresh air without waiting for an elevator! Life here is all about location: walk to Erin Mills Town Centre, Walmart, Nations Fresh Foods, Credit Valley Hospital, Erin Meadows Community Centre and Library, parks, schools, public transit, and U of T Mississauga, with quick access to Highway 403 and the GO Station. Residents enjoy exceptional amenities including a concierge, indoor pool, fitness centre with yoga studio, steam rooms, resident lounge, party room with dining area, games room, outdoor terrace with BBQs, and ample visitor parking. Whether you're a first-time buyer, young professional, or downsizer looking for a low-maintenance lifestyle without compromising on space or convenience, Suite 108 offers the perfect place to call home!
MississaugaInvestor.ca
108- 4633 Glen Erin Drive
Condo Apartment · 1bd/1ba · ~750 sqft
$488,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.73%
Monthly Cash Flow
-$1,543/mo
Estimated Rent
$2,050/mo
Cash-on-Cash
-17.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,050 |
| Mortgage | −$2,246 |
| Property Tax | −$342 |
| Insurance | −$225 |
| Condo Fee | −$677 |
| Vacancy (5%) | −$103 |
| Cash Flow | -$1,543/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,600 |
| Vacancy (5%) | −$1,230 |
| Property Tax | −$4,099 |
| Insurance | −$2,700 |
| Condo Fee | −$8,124 |
| Annual NOI | $8,447 |
| Cap Rate | 1.73% |
Cash Required to Close
| Down Payment (20%) | $97,600 |
| Ontario Land Transfer Tax | $6,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $106,835 |
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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