202- 4205 Shipp Drive, Mississauga
City Centre · Investor guide
$447,500
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXCELLENCE REAL ESTATE
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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to this well-maintained condo in the heart of Mississauga, offering comfort,convenience, and a functional layout perfect for modern living. This beautiful unit features aspacious open-concept living room and executive-sized dining area, ideal for everyday livingand entertaining. The modern kitchen is equipped with quartz countertops, well-maintainedappliances, and ample storage.The unit showcases laminate flooring throughout along with the convenience of an ensuitelaundry room. Bright and spacious bedrooms enhance the appeal, including a generous primarybedroom with a deep closet and a private 4-piece ensuite bathroom. The second bedroom isthoughtfully designed with a Murphy bed and built-in table, making it perfect for family use,guests, or a functional home office.Additional highlights include a renovated guest bathroom, one underground parking space, and anensuite locker. The all-inclusive maintenance fee covers hydro, water, and heat, providingexcellent value and peace of mind. Residents also enjoy fantastic building amenities such as a24-hour concierge, tennis court, swimming pool, exercise room, party room, games room, andvisitor parking.Located in a prime central Mississauga neighborhood just steps to Square One, transit, grocerystores, dining, entertainment, parks, and major highways, this condo offers an ideal blend oflifestyle and convenience. Some Pictures are Virtually Staged.
MississaugaInvestor.ca
202- 4205 Shipp Drive
Condo Apartment · 2bd/2ba · ~950 sqft
$447,500
Cash-Flow Report · July 31, 2026
Cap Rate
2.13%
Monthly Cash Flow
-$1,267/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-15.53%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,060 |
| Property Tax | −$313 |
| Insurance | −$225 |
| Condo Fee | −$949 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,267/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,759 |
| Insurance | −$2,700 |
| Condo Fee | −$11,388 |
| Annual NOI | $9,513 |
| Cap Rate | 2.13% |
Cash Required to Close
| Down Payment (20%) | $89,500 |
| Ontario Land Transfer Tax | $5,425 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $97,925 |
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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