421- 220 Missinnihe Way, Mississauga
Port Credit · Investor guide
$659,000
Estimated Value
$730,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/REALTY ONE LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Based on Port Credit neighbourhood rental data for 2-bed Condo Apartment
Remarks
Experience the best of waterfront living in Port Credit's most sought-after community, Brightwater II. This bright and beautiful 2-bedroom, 2-bathroom residence offers a stunning, sun-drenched southwest view of Lake Ontario. The suite is surrounded by floor-to-ceiling windows that capture breathtaking vistas of the lake and the Toronto skyline, further complemented by an expansive 265 sq. ft. balcony. Inside, you'll find a thoughtfully designed, modern layout that perfectly mirrors the luxury lifestyle of the building, which includes access to a fitness facility, yoga studio, co-working lounge, party room, pet spa, and 24/7 concierge. Beyond your front door, you are perfectly positioned just steps from the Port Credit GO Station, scenic waterfront parks, and the convenience of Mississauga's first Farm Boy, Loblaws, and a variety of local shops. This unit also includes a convenient storage locker, providing the ideal blend of sophisticated comfort and unparalleled lifestyle connectivity in one of the city's premier locations.
MississaugaInvestor.ca
421- 220 Missinnihe Way
Condo Apartment · 2bd/2ba · ~650 sqft
$659,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.09%
Monthly Cash Flow
-$1,334/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-11.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$3,033 |
| Property Tax | −$461 |
| Insurance | −$225 |
| Condo Fee | −$512 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,334/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$5,536 |
| Insurance | −$2,700 |
| Condo Fee | −$6,144 |
| Annual NOI | $20,390 |
| Cap Rate | 3.09% |
Cash Required to Close
| Down Payment (20%) | $131,800 |
| Ontario Land Transfer Tax | $9,655 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,455 |
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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