56- 7500 Goreway Drive, Mississauga
Malton · Investor guide
$599,000
Estimated Value
$646,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/MIRACLE REALTY LTD
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
5
Bathrooms
3
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,200/mo
Based on Malton neighbourhood rental data for 5-bed Condo Townhouse
Remarks
Welcome to 56-7500 Goreway Drive, Mississauga-a beautifully maintained and move-in-ready townhouse offering comfort, functionality, and an unbeatable location. This bright home features 4 spacious bedrooms, 2.5 bathrooms, and an attached garage, with a practical open layout ideal for families. The main floor offers a convenient laundry area and carpet-free flooring throughout for easy maintenance. The finished basement includes an additional bedroom, full bathroom, and a kitchenette, providing excellent flexibility for extended family, guests, or potential in-law living. Ideally situated in the heart of Malton, this home is just minutes from top-rated schools, parks, public transit, shopping, community centers, places of worship, and major highways, making daily commuting and family living exceptionally convenient.
MississaugaInvestor.ca
56- 7500 Goreway Drive
Condo Townhouse · 5bd/3ba · ~1,100 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.78%
Monthly Cash Flow
-$870/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-7.95%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$2,757 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$509 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$870/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$5,032 |
| Insurance | −$2,700 |
| Condo Fee | −$6,108 |
| Annual NOI | $22,640 |
| Cap Rate | 3.78% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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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