2402- 55 Eglinton Avenue, Mississauga
Hurontario · Investor guide
$1,120,000
Estimated Value
$522,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by DISCOVER REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
4
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,100/mo
Based on Hurontario neighbourhood rental data for 4-bed Condo Apartment
Remarks
Pinnacle at Uptown, Stunning Penthouse over 1,800 SF of space, Breathtaking Unobstructed panoramic view of east, west and North from two balconies, Open concept. 9 Feet high Ceiling. 3 Bedrooms and a DEN with French Door (potential for 4th bedroom) in addition to a breakfast room with walk out to the Balcony. SPA like Bathroom, Floor to Ceiling windows. 2 walk in closet with added shelfing / closet. Full size laundry machines and Dryer. Luxury Amenities with 2 Parking and 2 Lockers. Walk To Shops, Restaurants, Parks, Public Transit & Easy Access To Sq 1 Shopping Mall And Easy Access To Major Highway 403, 401 and future LRT at the doorstep. State of art amenities includes Indoor Pool, Fitness Center, 24/7 Security for comfort and safety. Exercise and Party room, Outdoor Terrace with BBQ Area. A designer Chef's Kitchen with large breakfast Room attached to the Kitchen. Modern Kitchen with Breakfast counter, Quartz countertop, Back splash and Full size appliances. Building Amenities Include 24/7 Concierge & Security, Swimming Pool, Gym & Sauna, Party Room, Large Terrace, Ample Visitor Parking & So Much More! Conveniently Located Near Good Schools, Shopping Centre, Grocery Stores, Hwy's & Hospitals!
MississaugaInvestor.ca
2402- 55 Eglinton Avenue
Condo Apartment · 4bd/2ba · ~1,900 sqft
$1,120,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.58%
Monthly Cash Flow
-$4,616/mo
Estimated Rent
$3,100/mo
Cash-on-Cash
-22.53%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,100 |
| Mortgage | −$5,155 |
| Property Tax | −$784 |
| Insurance | −$225 |
| Condo Fee | −$1,397 |
| Vacancy (5%) | −$155 |
| Cash Flow | -$4,616/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,200 |
| Vacancy (5%) | −$1,860 |
| Property Tax | −$9,408 |
| Insurance | −$2,700 |
| Condo Fee | −$16,764 |
| Annual NOI | $6,468 |
| Cap Rate | 0.58% |
Cash Required to Close
| Down Payment (20%) | $224,000 |
| Ontario Land Transfer Tax | $18,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $245,875 |
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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