
1404- 65 Watergarden Drive, Mississauga
Hurontario · Investor guide
$660,000
Estimated Value
$467,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by THE AGENCY
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 this exceptional corner suite at Pinnacle Uptown Perla! This bright and spacious 2-bedroom + den, 2-bathroom residence is located on the 14th floor and offers approximately 983 sq. ft. of interior living space plus a 99 sq. ft. private balcony, showcasing breathtaking southwest-facing unobstructed panoramic views. The thoughtfully designed open-concept layout features 9-ft ceilings and expansive floor-to-ceiling windows that fill the home with natural light. The contemporary kitchen is equipped with quartz countertops, stainless steel appliances, and ample cabinetry for all your storage needs. Both bedrooms are generously sized, while the large den provides the perfect space for a home office or guest room. One parking space and one locker are included. Residents enjoy premium amenities including a 24-hour concierge, indoor pool, fitness center, library, study room, games lounge, and outdoor BBQ terrace. Conveniently located along the future Hazel McCallion LRT, just minutes from Square One, GO Transit, Highway 403, parks, schools, restaurants, and shopping. Maintenance fees include Rogers high-speed internet.
MississaugaInvestor.ca
1404- 65 Watergarden Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$660,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.61%
Monthly Cash Flow
-$1,605/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-13.31%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$3,038 |
| Property Tax | −$462 |
| Insurance | −$225 |
| Condo Fee | −$777 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,605/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$5,544 |
| Insurance | −$2,700 |
| Condo Fee | −$9,324 |
| Annual NOI | $17,202 |
| Cap Rate | 2.61% |
Cash Required to Close
| Down Payment (20%) | $132,000 |
| Ontario Land Transfer Tax | $9,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,675 |
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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