2014- 35 WATERGARDEN Drive, Mississauga
Hurontario · Investor guide
$679,000
Estimated Value
$467,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
10
Price Drop
13%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Based on Hurontario neighbourhood rental data for 3-bed Condo Apartment
Remarks
PINNACLE PERLA AT HURONTARIO & EGLINTON is one of the most desirable condos in Mississauga. 20th Floor Gem With Unobstructed Views. Spacious & Bright 2 Bedroom With 2 Full Washrooms Plus Large Den Which Can Be Used as a bedroom or work from home space. Carpet Free With Floor To Ceiling Glass And Walk Out To Open Balcony. Comes With Parking And Locker. Close To Square One, Schools, Transit And Hwy 403/401/QEW. Future LRT being built is in front of the building. Great amenities include 24 hour concierge, indoor pool,hottub, gym, partyroom & more. Well managed building with low maintenance and includes all utilities and high speed internet. Only hydro is payable. Property is tenanted. Excellent tenants. Unit shows very clean. Tenants willing to stay. 24 hour notice for showings. A must see!
MississaugaInvestor.ca
2014- 35 WATERGARDEN Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$679,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.52%
Monthly Cash Flow
-$1,699/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-13.7%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$3,125 |
| Property Tax | −$475 |
| Insurance | −$225 |
| Condo Fee | −$771 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,699/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$5,704 |
| Insurance | −$2,700 |
| Condo Fee | −$9,252 |
| Annual NOI | $17,114 |
| Cap Rate | 2.52% |
Cash Required to Close
| Down Payment (20%) | $135,800 |
| Ontario Land Transfer Tax | $10,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $148,855 |
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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