
218- 35 Watergarden Drive, Mississauga
Hurontario · Investor guide
$629,990
Estimated Value
$467,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Based on Hurontario neighbourhood rental data for 3-bed Condo Apartment
Remarks
Welcome to Perla Towers, a modern condominium community in the heart of Mississauga. This beautifully maintained split 2-bedroom + large den, 2-bathroom suite offers 811 sq. ft. of thoughtfully designed interior living space, complemented by a spacious 156 sq. ft. balcony-perfect for enjoying your morning coffee or unwinding at the end of the day.Designed for both comfort and functionality, the open-concept layout features laminate flooring throughout, stainless steel appliances, and a kitchen that flows seamlessly into the bright living and dining areas. The split-bedroom design provides added privacy, making it ideal for families, professionals, or guests, while the generous den offers the flexibility of a home office, nursery, or additional living space.The primary bedroom features its own ensuite bathroom, while the second bathroom is conveniently located off the main living area for added convenience. Move-in ready and exceptionally well presented, this suite is an excellent opportunity for first-time buyers, downsizers, or investors. Residents of Perla Towers enjoy an exceptional selection of amenities, including an indoor pool, fully equipped fitness centre, party room, games room, patio terrace, library and co-working space, as well as high-speed internet. Conveniently located close to parks, shopping, restaurants, public transit, and major highways, this home offers the perfect blend of comfort, style, and convenience.
MississaugaInvestor.ca
218- 35 Watergarden Drive
Condo Apartment · 3bd/2ba · ~850 sqft
$629,990
Cash-Flow Report · July 31, 2026
Cap Rate
3%
Monthly Cash Flow
-$1,326/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-11.52%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$2,900 |
| Property Tax | −$441 |
| Insurance | −$225 |
| Condo Fee | −$657 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,326/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$5,292 |
| Insurance | −$2,700 |
| Condo Fee | −$7,884 |
| Annual NOI | $18,894 |
| Cap Rate | 3% |
Cash Required to Close
| Down Payment (20%) | $125,998 |
| Ontario Land Transfer Tax | $9,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $138,073 |
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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