
67- 1575 South Parade Court, Mississauga
East Credit · Investor guide
$699,900
Estimated Value
$720,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
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 East Credit neighbourhood rental data for 3-bed Condo Townhouse
Remarks
AMAZING VALUE IN THE HIGH-DEMAND EAST CREDIT COMMUNITY, OFFERING A GREAT OPEN FLOOR PLAN, MAKING IT A PERFECT SPACE FOR JUST RELAXING OR ENTERTAINING. THE UPDATED KITCHEN IS A TRUE HIGHLIGHT, FEATURING UPGRADED FRIGIDAIRE GALLERY APPLIANCES INCLUDING A SMUDGE-FREE STAINLESS INDUCTION RANGE, SLEEK COUNTERTOPS, AMPLE CABINET SPACE AND A LARGE PANTRY TO KEEP YOU ORGANIZED. THE OVERSIZED WINDOW WITH CALIFORNIA SHUTTERS FLOODS THE BREAKFAST AREA WITH WONDERFUL SUNLIGHT. THE OPEN LAYOUT SEAMLESSLY CONNECTS THE LIVING & DINING ROOM, CREATING A SPACIOUS ATMOSPHERE WHICH LEADS TO THE DOUBLE SLIDING DOOR WHERE YOU CAN STEP OUT TO A PRIVATET REED OVERSIZED RARE CUSTOM DECK, ONE OF THE LARGEST IN THE COMPLEX AND EQUIPPED WITH A NATURALGAS CONNECTION FOR YOUR BBQ AND SURROUNDED BY MATURE TREES CREATING A SERENE PRIVATE AREA. THIS LOVELY HOME HAS BEEN FRESHLY PAINTED, PLUS ENJOY THE BRAND-NEW, NEVER-LIVED-ON HARDWOOD FLOORING ENHANCING THE LIVING, DINING ROOM AND THE SECOND LEVEL BEDROOMS. YOU WILL FIND A REC ROOM IN THE LOWER LEVEL WITH A CUSTOM FITTED SECTIONAL SOFA BED WHICH IS BUILT-IN AND INCLUDED, LAMINATE FLOORING WITH SUB-FLOOR, A CONVENIENT 3 PC BATHROOM AND ENTRANCE TO THE GARAGE. LOCATION IS FANTASTIC, OFFERING THE ERINDALE GO STATION, CREDIT VALLEY HOSPITAL, SHOPPING, WONDERFUL PARKS AND SCHOOLS. THIS BEAUTY TRULY CHECKS ALL THE BOXES.
MississaugaInvestor.ca
67- 1575 South Parade Court
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$699,900
Cash-Flow Report · July 31, 2026
Cap Rate
3.08%
Monthly Cash Flow
-$1,427/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-11.16%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$3,222 |
| Property Tax | −$490 |
| Insurance | −$225 |
| Condo Fee | −$530 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$1,427/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$5,879 |
| Insurance | −$2,700 |
| Condo Fee | −$6,360 |
| Annual NOI | $21,541 |
| Cap Rate | 3.08% |
Cash Required to Close
| Down Payment (20%) | $139,980 |
| Ontario Land Transfer Tax | $10,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,453 |
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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