2810- 3515 Kariya Drive, Mississauga
City Centre · Investor guide
$420,000
Estimated Value
$325,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by NEW ERA REAL ESTATE
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Based on City Centre neighbourhood rental data for 1-bed Condo Apartment
Remarks
Welcome to this bright and stylish corner suite offering an open-concept layout, soaring ceilings, and expansive windows that fill the space with natural light. This well-designed one-bedroom unit features a spacious walk-in closet, modern laminate flooring, a contemporary kitchen with granite countertops and ceramic backsplash, and a private balcony with beautiful panoramic views. Custom window coverings, one underground parking space, and a storage locker add everyday convenience. Perfectly located just steps from the upcoming Hurontario LRT, with Square One Shopping Centre, Kariya Park, Metro, Food Basics, Al-Quds Supermarket, restaurants, schools, and everyday conveniences all within walking distance. Enjoy stunning seasonal views of KariyaPark, where the cherry blossoms create a breathtaking backdrop each spring. The private balcony also offers a front-row seat to spectacular fireworks displays throughout the year. Residents enjoy exceptional building amenities, including a 24-hour concierge, indoor pool, fitness centre, party room, visitor parking, and more everything you need for comfortable, care free condo living.
MississaugaInvestor.ca
2810- 3515 Kariya Drive
Condo Apartment · 1bd/1ba · ~650 sqft
$420,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.76%
Monthly Cash Flow
-$1,316/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-17.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,933 |
| Property Tax | −$294 |
| Insurance | −$225 |
| Condo Fee | −$621 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,316/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,528 |
| Insurance | −$2,700 |
| Condo Fee | −$7,452 |
| Annual NOI | $7,410 |
| Cap Rate | 1.76% |
Cash Required to Close
| Down Payment (20%) | $84,000 |
| Ontario Land Transfer Tax | $4,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $91,875 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.