107- 349 Rathburn Road, Mississauga
City Centre · Investor guide
$598,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX ESCARPMENT 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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to this beautifully appointed ground-floor suite in the Grande Mirage, a newer building completed in 2021, with this unit first occupied in April 2025, offering the feel of a brand-new unit. Approx 850 sq. ft., this bright 2-bedroom, 2-bathroom condo features 10-foot ceilings, floor-to-ceiling windows, an open-concept layout, an eat-in kitchen with breakfast bar, and a spacious family room with walkout to an exceptional extra-long private terrace. The primary bedroom offers a walk-in closet a 4 pc ensuite, while the second bedroom enjoys a deep closet, perfect for working from home. Being sold fully furnished, including furniture and accessories, this turnkey suite is ideal for end-users, investors, or those seeking a furnished executive residence. An underground parking space and locker included. Outstanding amenities include an indoor pool, fitness centre, sauna, party room, bowling alley, home theatre, guest suites, and bike storage. Conveniently located in the heart of Mississauga, close to shopping, restaurants, parks, and transit. Immediate closing available.
MississaugaInvestor.ca
107- 349 Rathburn Road
Condo Apartment · 2bd/2ba · ~850 sqft
$598,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.13%
Monthly Cash Flow
-$1,693/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-15.5%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,753 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$576 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,693/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,023 |
| Insurance | −$2,700 |
| Condo Fee | −$6,912 |
| Annual NOI | $12,725 |
| Cap Rate | 2.13% |
Cash Required to Close
| Down Payment (20%) | $119,600 |
| Ontario Land Transfer Tax | $8,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,035 |
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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