PH216- 349 Rathburn Road, Mississauga
City Centre · Investor guide
$669,000
Estimated Value
$423,000
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
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Based on City Centre neighbourhood rental data for 3-bed Condo Apartment
Remarks
Discover the epitome of Square One living with this enchanting one-of-a-kind End unit penthouse condo nestled in the heart of Mississauga. Offering breathtaking panoramic views of the Lake, this 2+1 bed, Den can easily convert to 3rd bedroom,2 bath residence offers 9ft ceilings and nearly 946 Sqft of living space, Newly painted with bright colors, Balcony & Patio, Sunlit open concept living space, adorned W/floor to ceiling windows that offer unbeatable City Centre & Lake views from multiple directions. Tremendous floor plan, well-appointed Modern Finishes kitchen Quartz islands, built-In Appliances, Modern Finishes Comprise Of Large Breakfast Bar, High-Quality laminate Floors Thru/Out. Building Features Well Maintained Luxury Amenities such as Indoor Pool with Sauna, Movie Theatre, Gym , Bowling alley, Guest Suites, BBQ Area, Party Room, Tennis Court, and 24 Hrs Concierge. Great Location, Steps To Square One, Sheridan College, Cineplex, Go Station, Living art Centre, Celebration Square, YMCA, NEW LRT, City Hall, Centre Library & Much More.
MississaugaInvestor.ca
PH216- 349 Rathburn Road
Condo Apartment · 3bd/2ba · ~950 sqft
$669,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.73%
Monthly Cash Flow
-$1,558/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-12.75%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$3,079 |
| Property Tax | −$468 |
| Insurance | −$225 |
| Condo Fee | −$588 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,558/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$5,620 |
| Insurance | −$2,700 |
| Condo Fee | −$7,056 |
| Annual NOI | $18,254 |
| Cap Rate | 2.73% |
Cash Required to Close
| Down Payment (20%) | $133,800 |
| Ontario Land Transfer Tax | $9,855 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $146,655 |
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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