
26A- 5205 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$785,900
Estimated Value
$731,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
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 Townhouse
Remarks
RARE FINISHED WALKOUT BASEMENT, OUTDOOR POOL COMMUNITY & STEPS TO TOP-RATED JOHN FRASER SECONDARY! Location truly doesn't get better than this. Welcome to this beautifully updated 3-bedroom, 2-washroom (potential for a 3rd full washroom; quote available) condo townhouse with a finished walkout basement in the heart of the highly sought-after Erin Mills community. This home offers therare and highly coveted feature of a finished walkout basement, providing a bright, extended living space with direct access to the backyard perfect for entertaining or a private family retreat. Perfectly situated just steps away from the prestigious John Fraser Secondary School area,known for being one of the top-ranked school districts in Mississauga and Ontario. This is a fantastic opportunity for families looking to invest inboth a premium lifestyle and a prime neighborhood. Move-in ready and freshly painted throughout! The main level features beautifully refurbished hardwood in the living and dining areas, while brand-new hardwood runs through the upper and basement levels. The kitchen has been stylishly refreshed with updated cabinet doors, new sink/faucet, and upgraded grout in the flooring and backsplash for a clean, contemporary look. True pride of ownership is evident in the major system upgrades, including the Furnace, A/C, Water Heater, and Water Softener. The home also features upgraded high-end exhaust and ventilation systems for maximum comfort. Enjoy low maintenance fees in awell-managed complex featuring a children's playground and outdoor pool. Unbeatable location just minutes to Erin Mills Town Centre, Credit Valley Hospital ,community center, library, and parks. Commuting is effortless with quick access to MiWay, GO Transit, and Highways 403, 401,and 407.A stylish, upgraded, and rare-find home in a family-friendly neighborhood!-- *****Quote available for adding a full washroom in thewalkout basement***
MississaugaInvestor.ca
26A- 5205 Glen Erin Drive
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$785,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.79%
Monthly Cash Flow
-$1,791/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-12.47%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$3,617 |
| Property Tax | −$550 |
| Insurance | −$225 |
| Condo Fee | −$486 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$1,791/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$6,602 |
| Insurance | −$2,700 |
| Condo Fee | −$5,832 |
| Annual NOI | $21,916 |
| Cap Rate | 2.79% |
Cash Required to Close
| Down Payment (20%) | $157,180 |
| Ontario Land Transfer Tax | $12,193 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $172,373 |
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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