6- 6399 Spinnaker Circle, Mississauga
Central Erin Mills · Investor guide
$699,900
Estimated Value
$731,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 MILLENNIUM INC.
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
$3,250/mo
Based on Central Erin Mills neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Welcome to 6399 Spinnaker Circle! This Meadowvale Village townhome fronts onto greenspace and a trail that leads you to Fletchers Flats! (formerly Meadowvale Conservation Area). The interior of the home needs some updating BUT the floorplan and location can not be beat! The main floor features beautiful hardwood flooring, an eat in kitchen with a walk out to your fully fenced in backyard! The upper level offers an awesome bonus space to use for office, study or den. Master bedroom spans the back of the house, featuring a walk-in closet, 4 piece ensuite bathroom with a deep soaker tub and separate shower, plus enough space for a king size bed! The second and third bedrooms are decent sizes, one offering a window seat, both with decent size closets. The basement is unfinished with cold cellar, laundry and lots of opportunity! A terrific complex and location for you to live, thrive & prosper! The complex offers you two children's playgrounds, visitor parking and is located in a very convenient location-2 minutes from the 401, 407, schools and Courtney Park Athletic Fields. Some photos have been virtually staged.
MississaugaInvestor.ca
6- 6399 Spinnaker Circle
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$699,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.29%
Monthly Cash Flow
-$1,304/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-10.2%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$3,222 |
| Property Tax | −$490 |
| Insurance | −$225 |
| Condo Fee | −$454 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$1,304/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$5,879 |
| Insurance | −$2,700 |
| Condo Fee | −$5,448 |
| Annual NOI | $23,023 |
| Cap Rate | 3.29% |
Cash Required to Close
| Down Payment (20%) | $139,980 |
| Ontario Land Transfer Tax | $10,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,453 |
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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