2907- 3515 Kariya Drive, Mississauga
City Centre · Investor guide
$549,000
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by Broko Realty Ltd.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Based on City Centre neighbourhood rental data for 3-bed Condo Apartment
Remarks
Spectacular one-of-a-kind suite offering breathtaking panoramic views in an unbeatable location just steps from Square One! This bright and spacious 2+1 bedroom, 2 bathroom condo features elegant dark flooring throughout, an open-concept living and dining area, and a functional kitchen with walkout to a private balcony. Enjoy stunning views from the living room, kitchen, and both bedrooms. The primary bedroom boasts two double closets and a 4-piece ensuite. The versatile den is perfect for a home office, nursery, or guest space. Ideally situated close to top-rated schools, parks, restaurants, transit, the upcoming Hurontario LRT, highways, and all the amenities of Mississauga City Centre. A rare opportunity to own an exceptional unit in one of Mississauga's most desirable locations!
MississaugaInvestor.ca
2907- 3515 Kariya Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$549,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.77%
Monthly Cash Flow
-$1,258/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-12.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,527 |
| Property Tax | −$384 |
| Insurance | −$225 |
| Condo Fee | −$924 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,258/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$4,612 |
| Insurance | −$2,700 |
| Condo Fee | −$11,088 |
| Annual NOI | $15,230 |
| Cap Rate | 2.77% |
Cash Required to Close
| Down Payment (20%) | $109,800 |
| Ontario Land Transfer Tax | $7,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,255 |
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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