
302- 155 HILLCREST Avenue, Mississauga
Cooksville · Investor guide
$399,900
Estimated Value
$426,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX Real Estate Centre Inc
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
$2,550/mo
Based on Cooksville neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to 302-155 Hillcrest Ave, a bright 2-bedroom plus den condo situated in The Carlyle III Condos, offering a prime location just steps from Cooksville GO Station, parks, shopping, dining and major commuter routes! Upon entering, you'll notice the renovated kitchen features sleek white cabinetry, quartz-style countertops and backsplash, a large double sink, dishwasher and plenty of storage and prep space. The kitchen flows into the spacious living and dining room, offering an inviting layout for everyday living and entertaining. Large windows fill the space with natural light, while the dining area provides plenty of room for hosting family and friends. The unit offers two well-sized bedrooms, both with large windows and closet space. The 4-piece bathroom features a shower/tub combination, while in-suite laundry adds everyday convenience. One of the standout features is the enclosed balcony/solarium, a bright and versatile bonus space surrounded by windows. Whether used as a home office, playroom, reading nook or additional sitting area, it offers excellent flexibility to suit your lifestyle. Residents of The Carlyle III enjoy a variety of building amenities including concierge service, visitor parking, a gym, party room, tennis court, sauna and outdoor terrace. The location is truly unbeatable. Situated across the street from Sgt. David Yakichuk Park and just steps from Cooksville GO Station, commuting is a breeze with train service to Union Station in just over 30 minutes. You're also a short stroll to a shopping centre offering restaurants, shops, grocery stores and everyday conveniences, only 5 minutes to Square One Shopping Centre and close to an abundance of amenities throughout central Mississauga. With easy access to Highway 403 and the QEW, plus approximately 15 minutes to Toronto Pearson Airport and 30 minutes to downtown Toronto, this condo offers incredible convenience in the heart of the city
MississaugaInvestor.ca
302- 155 HILLCREST Avenue
Condo Apartment · 2bd/1ba · ~950 sqft
$399,900
Cash-Flow Report · July 31, 2026
Cap Rate
4.03%
Monthly Cash Flow
-$499/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-6.85%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$1,841 |
| Property Tax | −$280 |
| Insurance | −$225 |
| Condo Fee | −$575 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$499/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$3,359 |
| Insurance | −$2,700 |
| Condo Fee | −$6,900 |
| Annual NOI | $16,111 |
| Cap Rate | 4.03% |
Cash Required to Close
| Down Payment (20%) | $79,980 |
| Ontario Land Transfer Tax | $4,474 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,454 |
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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