
1408- 2155 Burnhamthorpe Road, Mississauga
Erin Mills · Investor guide
$435,000
Estimated Value
$512,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXPERTS
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,600/mo
Based on Erin Mills neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to this stunning and modern 1+1 bedroom unit located in one of Mississauga's most sought-after gated communities, near shopping, dining, schools, transit, access to major highways, and all amenities. This unit features a functional open-concept layout filled with natural light and spectacular panoramic views. The open-concept style also features a versatile den, perfect for a home office, guest room, or additional living space. The upgraded kitchen is designed for both style and function, featuring sleek granite countertops, and stainless steel appliances, while the modern laminate flooring throughout offers elegance and easy maintenance. The maintenance fees are all-inclusive and include heat, hydro, water, air conditioning, internet, cable TV, building insurance, parking, an exceptionally oversized locker and common elements. A 24-hour gatehouse provides security and peace of mind for the residents, while the building's amenities cater to an amazing active and social lifestyle by providing a fully equipped gym, indoor swimming pool, relaxing sauna, squash courts, partyroom, and a car wash station. This is a truly fantastic opportunity for first-time buyers, downsizers, and investors alike! Do not miss the opportunity to see this gem!
MississaugaInvestor.ca
1408- 2155 Burnhamthorpe Road
Condo Apartment · 2bd/1ba · ~750 sqft
$435,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.23%
Monthly Cash Flow
-$833/mo
Estimated Rent
$2,600/mo
Cash-on-Cash
-10.5%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,600 |
| Mortgage | −$2,002 |
| Property Tax | −$305 |
| Insurance | −$225 |
| Condo Fee | −$771 |
| Vacancy (5%) | −$130 |
| Cash Flow | -$833/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,200 |
| Vacancy (5%) | −$1,560 |
| Property Tax | −$3,654 |
| Insurance | −$2,700 |
| Condo Fee | −$9,252 |
| Annual NOI | $14,034 |
| Cap Rate | 3.23% |
Cash Required to Close
| Down Payment (20%) | $87,000 |
| Ontario Land Transfer Tax | $5,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $95,175 |
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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