1108- 3515 Kariya Drive, Mississauga
City Centre · Investor guide
$449,000
Estimated Value
$374,000
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
2
Bathrooms
1
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
Experience luxury living in the heart of Mississauga! This beautifully maintained 1+Den,1-Bathroom condo offers breathtaking unobstructed southwest views of Lake Ontario and the city skyline. Featuring 9-foot ceilings, floor-to-ceiling windows, true hardwood flooring, granite countertops, and a modern kitchen with stainless steel appliances, this bright and spacious suite is move-in ready. The versatile den is ideal as a home office or can easily serve as asecond bedroom.Enjoy the convenience of 24-hour concierge/security, underground parking, and exceptional building amenities in a safe, family-friendly community. Just steps from Square One ShoppingCentre, Celebration Square, Kariya Park, Living Arts Centre, Sheridan College, public transit,GO Transit, restaurants, and major highways, this location offers everything at your doorstep.Includes: Stainless steel fridge, stove, built-in microwave, dishwasher, full-size front-loading washer and dryer, all existing light fixtures, and window coverings.This is the perfect opportunity for first-time buyers, professionals, down sizers, or in investorsseeking an exceptional condo in one of Mississauga's most desirable locations.
MississaugaInvestor.ca
1108- 3515 Kariya Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$449,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.88%
Monthly Cash Flow
-$989/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-12.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,067 |
| Property Tax | −$314 |
| Insurance | −$225 |
| Condo Fee | −$663 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$989/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,772 |
| Insurance | −$2,700 |
| Condo Fee | −$7,956 |
| Annual NOI | $12,932 |
| Cap Rate | 2.88% |
Cash Required to Close
| Down Payment (20%) | $89,800 |
| Ontario Land Transfer Tax | $5,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,255 |
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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