
8- 2401 Fifth Line, Mississauga
Sheridan · Investor guide
$860,000
Estimated Value
$681,000
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
3
Days on Market
7
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Based on Sheridan neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Gorgeous executive townhome approximately 1500 square feet and located in the sought after area of Sheridan Homelands. Nestled in a boutique condominium complex with only 15 units in total. Spacious living/dining room area with new hardwood floors (2026), gas fireplace with custom mantle, and garden doors leading to a backyard patio. Open concept kitchen with new hardwood floors (2026), stainless steel appliances, wine rack, under cabinet lighting, and centre island with breakfast bar. Fantastic layout with 9' foot ceilings on the main level, stunning 2' by 2' porcelain entrance floors (2026) and 2 piece powder room with pedestal sink. Three upper level bedrooms with laminate floors, convenient 2nd floor laundry, and main 4 piece bathroom. Primary bedroom retreat with walk-in closet with organizers, and 4 piece en-suite with an oval jacuzzi tub. Second bedroom with semi en-suite and double closet. Finished basement with recreation with laminate floors and lots of storage space. Backyard oasis with walk-out to a private patio area with privacy fence and lush professionally landscaped gardens. Premium location just minutes away to schools, parks, trails, shopping, transit, highways, Clarkson Go Station, South Common Recreation Centre, tennis/pickleball, sports fields, and University of Toronto (UTM).
MississaugaInvestor.ca
8- 2401 Fifth Line
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$860,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.93%
Monthly Cash Flow
-$2,572/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-16.36%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$3,958 |
| Property Tax | −$602 |
| Insurance | −$225 |
| Condo Fee | −$779 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$2,572/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$7,224 |
| Insurance | −$2,700 |
| Condo Fee | −$9,348 |
| Annual NOI | $16,638 |
| Cap Rate | 1.93% |
Cash Required to Close
| Down Payment (20%) | $172,000 |
| Ontario Land Transfer Tax | $13,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $188,675 |
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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