911- 4185 Shipp Drive, Mississauga
City Centre · Investor guide
$449,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE G1 REALTY 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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to Unit 911 in Chelsea Towers, an opportunity for first-time buyers, professionals, or investors seeking exceptional value and location. Situated close to Sq. One, this unit is very well maintained, bright, and spacious with 2 bedrooms and 2 washrooms. This unit has ensuite laundry, ample storage space, and includes 1 parking spot. View beautiful sunsets and city lights from your unit. Residents enjoy an indoor swimming pool, a sauna, a tennis court, a party room, a games room, barbecues, and concierge. Easy access to Mississauga and GO Transit, Highways 401 and 403, and the upcoming Hurontario LRT
MississaugaInvestor.ca
911- 4185 Shipp Drive
Condo Apartment · 2bd/2ba · ~950 sqft
$449,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.02%
Monthly Cash Flow
-$1,311/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-16.01%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,067 |
| Property Tax | −$314 |
| Insurance | −$225 |
| Condo Fee | −$985 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,311/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,772 |
| Insurance | −$2,700 |
| Condo Fee | −$11,820 |
| Annual NOI | $9,068 |
| Cap Rate | 2.02% |
Cash Required to Close
| Down Payment (20%) | $89,800 |
| Ontario Land Transfer Tax | $5,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,255 |
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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