609- 1 Fairview Road, Mississauga
Mississauga Valleys · Investor guide
$569,990
Estimated Value
$405,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by THE GREENHEART GROUP
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Based on Mississauga Valleys neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to ALBA Condos by Edenshaw Developments. This never-lived-in 2-bedroom, 2-bathroom suite features a bright north-facing exposure, a functional open-concept layout, contemporary finishes, wide-plank flooring, floor-to-ceiling windows, and a modern kitchen with integrated appliances. Complete with 1 parking space and 1 locker, this thoughtfully designed home is ready for immediate occupancy. Residents enjoy over 20,000 sq. ft. of curated amenities, including a state-of-the-art fitness centre, co-working spaces, fire-side lounge, entertainment terrace, games room, pet spa, guest suites, concierge, and more. Ideally located a short walk from the Cooksville GO Station and the future Hurontario LRT, with easy access to Square One, major highways, restaurants, shopping, and parks. Experience the perfect blend of modern design, exceptional amenities, and unbeatable convenience in one of Mississauga's newest condominium communities.
MississaugaInvestor.ca
609- 1 Fairview Road
Condo Apartment · 2bd/2ba · ~650 sqft
$569,990
Cash-Flow Report · July 31, 2026
Cap Rate
2.45%
Monthly Cash Flow
-$1,458/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-14.01%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$2,624 |
| Property Tax | −$399 |
| Insurance | −$225 |
| Condo Fee | −$585 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$1,458/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$4,788 |
| Insurance | −$2,700 |
| Condo Fee | −$7,020 |
| Annual NOI | $13,992 |
| Cap Rate | 2.45% |
Cash Required to Close
| Down Payment (20%) | $113,998 |
| Ontario Land Transfer Tax | $7,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $124,873 |
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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