717- 2470 Prince Michael Drive, Oakville
Oakville
$660,000
Cash flow, cap rate & mortgage breakdown
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Listed by ASHLEY, C., REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
13
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,450/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this 2 bedroom - 2 bath condo offering 868 sq.ft. of functional designed living space. Located in the highly desirable Emporium building, this is a fantastic opportunity to own a stylish home in sought after Joshua Creek community. Open concept with soaring 10ft ceilings and plenty of natural light makes this unit both comfortable and inviting. Enjoy 2 parking spaces, functional floor plan and hotel style amenities; perfect for everyday living. Priced to sell - don't miss out.
MississaugaInvestor.ca
717- 2470 Prince Michael Drive
Condo Apartment · 2bd/2ba · ~850 sqft
$660,000
Cash-Flow Report · August 4, 2026
Cap Rate
1.5%
Monthly Cash Flow
-$2,214/mo
Estimated Rent
$2,450/mo
Cash-on-Cash
-18.36%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,450 |
| Mortgage | −$3,038 |
| Property Tax | −$457 |
| Insurance | −$225 |
| Condo Fee | −$821 |
| Vacancy (5%) | −$123 |
| Cash Flow | -$2,214/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$29,400 |
| Vacancy (5%) | −$1,470 |
| Property Tax | −$5,478 |
| Insurance | −$2,700 |
| Condo Fee | −$9,852 |
| Annual NOI | $9,900 |
| Cap Rate | 1.5% |
Cash Required to Close
| Down Payment (20%) | $132,000 |
| Ontario Land Transfer Tax | $9,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,675 |
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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