
407- 4699 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$649,900
Estimated Value
$579,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by PSR
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
$3,250/mo
Based on Central Erin Mills neighbourhood rental data for 3-bed Condo Apartment
Remarks
Welcome to Mills Square, where thoughtful design meets everyday convenience. This bright, freshly painted corner suite features a highly desirable split-bedroom layout with an expansive wraparound balcony overlooking the beautifully landscaped courtyard gardens. Designed for comfortable living, the open-concept floor plan offers a spacious living area and a modern kitchen complete with full-sized stainless steel appliances, a centre island, and ample storage. The generous den provides exceptional flexibility and can easily function as a home office, diningarea, playroom, or guest space.The well-separated bedrooms offer privacy, each with large windows that fill the home with natural light. The primary suite serves as a peaceful retreat, featuring a walk-in closet, a private ensuite, corner windows, and direct access to the balcony. Residents of Mills Square enjoy a well-managed, mid-rise community with abundant visitor parking and a dedicated amenity building offering a fitness centre, indoor pool, media room, and rooftop terrace. Ideally located within walking distance to Erin Mills Town Centre, parks, schools, restaurants, and everyday amenities, with convenient access to major highways and public transit. The property comes with TWO side-by-side parking spaces.
MississaugaInvestor.ca
407- 4699 Glen Erin Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$649,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.93%
Monthly Cash Flow
-$1,404/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-11.83%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$2,991 |
| Property Tax | −$455 |
| Insurance | −$225 |
| Condo Fee | −$820 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$1,404/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$5,459 |
| Insurance | −$2,700 |
| Condo Fee | −$9,840 |
| Annual NOI | $19,051 |
| Cap Rate | 2.93% |
Cash Required to Close
| Down Payment (20%) | $129,980 |
| Ontario Land Transfer Tax | $9,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,453 |
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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