1608- 3525 Kariya Drive, Mississauga
City Centre · Investor guide
$598,000
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by REAL ONE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
5
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
Prime location walking distance to Square One, Mississauga City Centre, shopping, transit, Elm Public School, and steps to the new LRT line.Bright & Spacious Condo In Luxurious Building.9 Ft Floor To Ceiling Windows Highlight The Stylish Decor. Open Concept Living Area. Modern Kitchen W/Eat -At Island, Granite Counter, Tiled Backsplash & Ss Appliances. Master Br Has Large W/I Closet & 4 Pc Ensuite, Good Size 2nd Br. Den Is An Ideal Added Bonus, Nice Size Balcony W/Good View To Complete The Dream. Ideal Place To Call Home Or Investment.
MississaugaInvestor.ca
1608- 3525 Kariya Drive
Condo Apartment · 3bd/2ba · ~850 sqft
$598,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.05%
Monthly Cash Flow
-$1,233/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-11.29%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,753 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$638 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,233/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$5,023 |
| Insurance | −$2,700 |
| Condo Fee | −$7,656 |
| Annual NOI | $18,251 |
| Cap Rate | 3.05% |
Cash Required to Close
| Down Payment (20%) | $119,600 |
| Ontario Land Transfer Tax | $8,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,035 |
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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