402- 3555 Derry Road, Mississauga
Malton · Investor guide
$440,000
Estimated Value
$402,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ESTATE #1 REALTY SERVICES INC.
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
$2,350/mo
Based on Malton neighbourhood rental data for 3-bed Condo Apartment
Remarks
Bright and spacious 3-bedroom and 2 washroom condo in a well-managed building, offering exceptional value and convenience in the heart of Malton. This functional layout features a large open-concept living and dining area with walk-out to a private balcony.Full kitchen upgrades with new appliances done in 2020, New washer (2024), Updated kitchen with ample cabinet space, generous bedrooms with double closets, and a clean, well-maintained interior ideal for first-time buyers, downsizers, or investors.Maintenance fee includes heat, hydro, water, internet, cable TV, and building insurance-an unbeatable all-inclusive package. Building amenities include an outdoor pool, gym, party room, visitor parking, and on-site security. Steps to transit, schools, parks, shopping, Westwood Mall, and easy access to Hwy 427, 401, and Pearson Airport.A comfortable, move-in-ready home in a prime location with everything you need at your doorstep. Property is currently tenanted for $3000 to a very good tenant and is willing to stay or vacate. Investors can consider the prospect.
MississaugaInvestor.ca
402- 3555 Derry Road
Condo Apartment · 3bd/2ba · ~1,100 sqft
$440,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.22%
Monthly Cash Flow
-$1,210/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-15.08%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,025 |
| Property Tax | −$308 |
| Insurance | −$225 |
| Condo Fee | −$884 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$1,210/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$3,696 |
| Insurance | −$2,700 |
| Condo Fee | −$10,608 |
| Annual NOI | $9,786 |
| Cap Rate | 2.22% |
Cash Required to Close
| Down Payment (20%) | $88,000 |
| Ontario Land Transfer Tax | $5,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $96,275 |
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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