
73- 5480 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$899,900
Estimated Value
$731,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SPECIALISTS INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
4
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,250/mo
Based on Central Erin Mills neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Imagine enjoying the space and comfort of a traditional home-without the stress of exterior maintenance, snow shoveling, or endless upkeep. Welcome to a lifestyle designed for ease, comfort, and connection at the prestigious Enclave on the Park in the heart of Central Erin Mills. Known for its beautifully landscaped grounds, peaceful atmosphere, and true sense of community, this highly sought-after enclave offers an exceptional low-maintenance lifestyle ideal for downsizers, professionals, and families alike. Residents enjoy an outdoor pool, clubhouse, private park-like setting, and the convenience of landscaping, snow removal (even to your garage door), roof, windows, and much of the exterior maintenance all professionally managed. This beautifully maintained 3-bedroom townhome offers a spacious and functional layout filled with warmth and natural light. A large skylight brightens the upper level, while hardwood flooring and two gas fireplaces create an inviting atmosphere throughout the home. The updated kitchen features quartz countertops, refreshed cabinetry, and an open-concept design overlooking the dining and living areas-perfect for entertaining or everyday comfort. The second-floor laundry room adds practicality and convenience rarely found in townhome living. The spacious primary retreat features large windows, a walk-in closet, additional closet space, and a 5-piece ensuite with a brand new glass shower. Two additional bedrooms offer generous space for family, guests, or a home office. The finished basement provides even more living space with a large recreation room, built-in cabinetry, workshop area, and additional storage. Located in the highly regarded John Fraser SS district and close to parks, shopping, transit, and major highways. Rare opportunities like this don't come along often in one of Mississauga's most admired communities. Additional features include an irrigation system and air exchanger
MississaugaInvestor.ca
73- 5480 Glen Erin Drive
Condo Townhouse · 3bd/4ba · ~1,700 sqft
$899,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.11%
Monthly Cash Flow
-$2,561/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-15.56%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$4,142 |
| Property Tax | −$630 |
| Insurance | −$225 |
| Condo Fee | −$651 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$2,561/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$7,559 |
| Insurance | −$2,700 |
| Condo Fee | −$7,812 |
| Annual NOI | $18,979 |
| Cap Rate | 2.11% |
Cash Required to Close
| Down Payment (20%) | $179,980 |
| Ontario Land Transfer Tax | $14,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $197,453 |
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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