1504- 4699 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$649,999
Estimated Value
$579,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
7
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 Apartment
Remarks
Bright Corner Unit With Stunning South/East Exposure! This Spacious 2-Bedroom Plus Den Suite Offers Approximately 935 Sqft Of Thoughtfully Designed Living Space With An Abundance Of Natural Light And Unobstructed Views Of The Park, Lake, And Toronto/Mississauga Skylines. Featuring 9' Smooth Ceilings, Wide Plank Laminate Flooring Throughout, Porcelain Bathroom Tiles, And A Modern Kitchen With Stone Countertops, Large Island, Stainless Steel Appliances, And Quartz Window Sills. Enjoy The Rare Wrap-Around Balcony, Perfect For Relaxing Or Entertaining While Taking In The Incredible Views. Located In Mills Square, A Highly Convenient And Walkable Community, Just Steps To Erin Mills Town Centre, Shopping, Dining, Top-Rated Schools, Credit Valley Hospital, Highways, And GO Transit. Includes Parking And Locker For Added Convenience.
MississaugaInvestor.ca
1504- 4699 Glen Erin Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$649,999
Cash-Flow Report · July 31, 2026
Cap Rate
3.04%
Monthly Cash Flow
-$1,345/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-11.33%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$2,992 |
| Property Tax | −$455 |
| Insurance | −$225 |
| Condo Fee | −$760 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$1,345/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$5,460 |
| Insurance | −$2,700 |
| Condo Fee | −$9,120 |
| Annual NOI | $19,770 |
| Cap Rate | 3.04% |
Cash Required to Close
| Down Payment (20%) | $129,999.8 |
| Ontario Land Transfer Tax | $9,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,474.8 |
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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