
19- 6860 Glen Erin Drive, Mississauga
Meadowvale · Investor guide
$599,999
Estimated Value
$766,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 PROPERTY ZONE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
5
Bathrooms
3
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,300/mo
Based on Meadowvale neighbourhood rental data for 5-bed Condo Townhouse
Remarks
Well-maintained multi-level 4-bedroom, 3-washroom townhome located in a highly desirablefamily-friendly condo community offering a bright and functional layout with laminate flooringthroughout, freshly painted interiors, and a hardwood staircase with elegant iron spindlerailings.The kitchen and dining area feature impressive 12 ft ceilings creating an open and airy feel,while the living room offers a walk-out to a private deck overlooking the dining area, idealfor everyday living and entertaining. The lower level includes a family room that has beenofficially and legally converted into a 4th bedroom with a 3-piece ensuite and walk-out to aprivate patio, with all required permits available, providing flexible space suitable forin-laws, guests, or extended family.Located in a prime position within the complex backing onto a park, this home offers addedprivacy, greenery, and a peaceful setting. Excellent location close to Meadowvale GO Station,offering convenient transit access for commuters. Maintenance fees include exterior upkeep suchas roof, windows, balcony, landscaping, grass cutting, and snow removal, with certain utilitiespotentially included such as cable, water, and high-speed internet, which can significantlyreduce overall monthly living costs (buyer to verify all inclusions with condo management).Conveniently situated close to parks, tennis courts, schools, Meadowvale Community Centre,Meadowvale Town Centre, and Highway 407, this property is ideal for families seeking comfort,convenience, and low-maintenance living in a well-managed community.
MississaugaInvestor.ca
19- 6860 Glen Erin Drive
Condo Townhouse · 5bd/3ba · ~1,300 sqft
$599,999
Cash-Flow Report · July 31, 2026
Cap Rate
5.43%
Monthly Cash Flow
-$47/mo
Estimated Rent
$4,300/mo
Cash-on-Cash
-0.43%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,300 |
| Mortgage | −$2,762 |
| Property Tax | −$420 |
| Insurance | −$225 |
| Condo Fee | −$725 |
| Vacancy (5%) | −$215 |
| Cash Flow | -$47/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$51,600 |
| Vacancy (5%) | −$2,580 |
| Property Tax | −$5,040 |
| Insurance | −$2,700 |
| Condo Fee | −$8,700 |
| Annual NOI | $32,580 |
| Cap Rate | 5.43% |
Cash Required to Close
| Down Payment (20%) | $119,999.8 |
| Ontario Land Transfer Tax | $8,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,474.8 |
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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