816- 21 Park Street, Mississauga
Port Credit · Investor guide
$750,000
Estimated Value
$730,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX PROFESSIONALS INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
7
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Based on Port Credit neighbourhood rental data for 2-bed Condo Apartment
Remarks
Situated in the heart of trendy Port Credit Village with steps to "GO" Train Station, new LTR station. This vibrant neighbourhood has a lot to offer with boutiques, restaurants & outdoor cafés. Short walk to Credit River, parks and Lake Ontario where you can enjoy boat cruises, parasailing or salmon fishing. Not to forget the year-round seasonal entertainment with live concerts in the park & street festivals. This sunny 2 bedroom + 2 full bath condo features 9 ft ceilings, floor-to-ceiling windows & engineered hardwood floors. Experience the technology of this "Smart Home" building with 24-hour concierge, guest suites & amazing recreational amenities.
MississaugaInvestor.ca
816- 21 Park Street
Condo Apartment · 2bd/2ba · ~850 sqft
$750,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.98%
Monthly Cash Flow
-$2,217/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-16.18%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$3,452 |
| Property Tax | −$525 |
| Insurance | −$225 |
| Condo Fee | −$912 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$2,217/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$6,300 |
| Insurance | −$2,700 |
| Condo Fee | −$10,944 |
| Annual NOI | $14,826 |
| Cap Rate | 1.98% |
Cash Required to Close
| Down Payment (20%) | $150,000 |
| Ontario Land Transfer Tax | $11,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $164,475 |
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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