
24- 86 Preston Meadow Avenue, Mississauga
Hurontario · Investor guide
$653,000
Estimated Value
$589,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RIGHT AT HOME REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
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 Townhouse
Remarks
The One You've Been Waiting For! Unbeatable Prime Location! Offered For Sale By The Original Owners This Is A Spacious Corner Unit With Over 1400 Sqft. & 9' High Ceilings Making It A Very Bright Unit. Enjoy The East & South Views From 2 Open Balconies. Over 50K Spent In Tasteful Upgrades. Main Floor Features An Open Concept Living & Dining Room, Large Chef's Kitchen With Quartz Counters, S/S Appliances & Tall Cabinets For Ample Storage & A Very Functional Den That Can Be Used As A 3rd Bedroom With An Attached Powder Room, Motorized Blinds & Access To The Balcony. Upper Level Features A Large Primary Bedroom With Walk In Closet & 3 Piece Attached Bathroom As A Part Of A Sensible Upgrade For Added Convenience, 2nd Bedroom With Access To The Balcony, 2nd Full Bathroom & Laundry Area With Stacked Washer & Dryer. Notable Upgrades Include Gleaming Hardwood Floors Throughout, Oak Wood Stairs, Both Balconies With Sliding Doors To Save Space Instead Of Normal Swing Doors, Taller Kitchen Cabinets, Landing Closet With Full Size Mirror Sliding Doors, Upper Level 2nd Full Washroom & Main Floor Den Partition With Glass Sliding Door. Carpets Have Been Laid On Top Of The Hardwood Floors & Oak Stairs. Families With Young Kids Can Enjoy The Small Park In The Complex. Perfectly Located In The Heart Of Mississauga Near Square One, Major Highways (403/401/410/407), Schools, Parks, Golf Course & The Upcoming Hurontario LRT, This Home Offers The Ultimate Balance Of Convenience & Lifestyle. Low Monthly Maintenance Fees & A Highly Walkable Neighborhood- Just Steps To Transit Bus Stop, Restaurants, LCBO, Shoppers Drug Mart, Schools, Community Center & Grocery Stores & Mins Drive To Square One, UTM Campus, Hospital, Airport & Go Station. Just Move In & Enjoy!
MississaugaInvestor.ca
24- 86 Preston Meadow Avenue
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$653,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.35%
Monthly Cash Flow
-$1,186/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-9.94%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$3,006 |
| Property Tax | −$457 |
| Insurance | −$225 |
| Condo Fee | −$395 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,186/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$5,485 |
| Insurance | −$2,700 |
| Condo Fee | −$4,740 |
| Annual NOI | $21,845 |
| Cap Rate | 3.35% |
Cash Required to Close
| Down Payment (20%) | $130,600 |
| Ontario Land Transfer Tax | $9,535 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $143,135 |
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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