
1007- 2177 Burnhamthorpe Road, Mississauga
Erin Mills · Investor guide
$414,999
Estimated Value
$463,000
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
1
Bathrooms
1
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Based on Erin Mills neighbourhood rental data for 1-bed Condo Apartment
Remarks
Experience elevated living in this stunning bright One Bedroom +Den suite located in the highly desirable Erin Mills community. Offering 670 sq. ft. of thoughtfully designed living space, this residence features a spacious bedroom, a versatile den ideal for a home office or nursery, and an open-concept layout with expansive windows showcasing breathtaking views. The modern kitchen overlooks the living area and features a mirrored backsplash, breakfast bar, and appliances, while hardwood flooring flows seamlessly throughout. Includes underground parking. Maintenance fees are all-inclusive and cover all utilities, Rogers cable TV, and internet for added comfort and convenience. Residents enjoy a privately gated community with 24/7 security and exceptional resort-style amenities, including an indoor pool, fully equipped gym, sauna, squash court, billiards room, party room, clubhouse, ample visitor parking, and beautifully landscaped grounds. Ideally located steps to Erin Mills Town Centre, top-rated schools, restaurants, grocery stores, parks, and walking trails, with quick access to Highways 403, 407, and QEW, making downtown Toronto easily accessible. A perfect blend of style, comfort, and convenience in one of Mississauga's most sought-after neighbourhoods.
MississaugaInvestor.ca
1007- 2177 Burnhamthorpe Road
Condo Apartment · 1bd/1ba · ~650 sqft
$414,999
Cash-Flow Report · July 31, 2026
Cap Rate
1.72%
Monthly Cash Flow
-$1,315/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-17.38%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$1,910 |
| Property Tax | −$291 |
| Insurance | −$225 |
| Condo Fee | −$789 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$1,315/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$3,486 |
| Insurance | −$2,700 |
| Condo Fee | −$9,468 |
| Annual NOI | $7,146 |
| Cap Rate | 1.72% |
Cash Required to Close
| Down Payment (20%) | $82,999.8 |
| Ontario Land Transfer Tax | $4,775 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $90,774.8 |
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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