
2002- 1665 The Collegeway N/A, Mississauga
Erin Mills · Investor guide
$619,900
Estimated Value
$463,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Based on Erin Mills neighbourhood rental data for 1-bed Condo Apartment
Remarks
Welcome to luxury retirement living at its finest in the prestigious Parkland on the Glen community! This stunning one-bedroom, one-bathroom sub-penthouse suite offers an exceptional blend of grandeur, comfort, and independence. Featuring soaring 10-foot ceilings, this home radiates brightness from the moment you step inside. Enjoy rare, unobstructed panoramic North and West views from your Private over sized Terrace and private balcony off your bedroom. Key Interior Highlights:Open-Concept Living: Effortless flow between the living areas, perfect for entertaining or relaxing in style. Gourmet Kitchen: Equipped with oak cabinetry, stainless steel appliances, and an all in one washer and dryer. Accessible Luxury: generously sized bedroom with massive walk in closet and an ensuite with a barrier-free walk-in shower, offering unmatched comfort, convenience, and safety without sacrificing style.The Parkland on the Glen Lifestyle:Voted one of Mississauga's premier retirement communities, Parkland on the Glen is renowned for offering flexible, independent living paired with customizable à la carte support services tailored to your personal needs.Top-Tier Amenities Include: 24-hour concierge service, on-site professional healthcare staff, fine dining room and casual bistro options, on-site salon/hairdressing services, organized social activities, and dedicated shuttle transportation.Summary: An extraordinary penthouse suite offering independent luxury living, world-class views, and total peace of mind. Smaller units rent for $5400 a month on lower floors, why rent when you can own!
MississaugaInvestor.ca
2002- 1665 The Collegeway N/A
Condo Apartment · 1bd/1ba · ~950 sqft
$619,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.34%
Monthly Cash Flow
-$2,680/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-23.67%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,853 |
| Property Tax | −$434 |
| Insurance | −$225 |
| Condo Fee | −$1,068 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$2,680/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$5,207 |
| Insurance | −$2,700 |
| Condo Fee | −$12,816 |
| Annual NOI | $2,077 |
| Cap Rate | 0.34% |
Cash Required to Close
| Down Payment (20%) | $123,980 |
| Ontario Land Transfer Tax | $8,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $135,853 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.