2004- 388 Prince Of Wales Drive, Mississauga
City Centre · Investor guide
$600,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by INTERNATIONAL REALTY FIRM, INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
6
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
Your search stops here with this fantastic property! Located in the heart of Mississauga's square one! Freshly renovated with new paint and flooring. Featuring open-concept layout with combined living and dining room. Stunning Corner Suite With Beautiful Views!! Immaculately Maintained 845 Sq Ft In The Prestigious One Park Tower! Kitchen Features Stainless Steel Appliances & Breakfast Bar. Bright & Spacious Dining & Living Room With Custom Window Coverings & Hardwood Floors. Primary Suite With Two Closets, Large Window And 4Pc Ensuite Bath. 2nd Bedroom With Views In Two Directions! Ensuite Laundry, 1 Parking Space & 1 Locker. Simply Move In And Enjoy The Indoor Pool, Gym & Concierge Service.
MississaugaInvestor.ca
2004- 388 Prince Of Wales Drive
Condo Apartment · 2bd/2ba · ~850 sqft
$600,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.9%
Monthly Cash Flow
-$1,811/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-16.53%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,762 |
| Property Tax | −$420 |
| Insurance | −$225 |
| Condo Fee | −$684 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,811/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,040 |
| Insurance | −$2,700 |
| Condo Fee | −$8,208 |
| Annual NOI | $11,412 |
| Cap Rate | 1.9% |
Cash Required to Close
| Down Payment (20%) | $120,000 |
| Ontario Land Transfer Tax | $8,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,475 |
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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