602- 360 Square One Drive, Mississauga
City Centre · Investor guide
$548,000
Estimated Value
$374,000
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 Apartment
Bedrooms
2
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Excellent Opportunity At Famous Limelight Towers In The City Centre Of Mississauga. Open Concept, High Ceilings, Modern Kitchen With Granite Counters & Center Island. Main Bedroom With 4Pc Ensuite & A Good Size Second Bedroom. Steps To Sq One Mall, Living Arts Cntr, Celebration Sqr, Sheridan College, Go Station, Hwy 403/401. Excellent Amenities In And Around The Building. 24 Hrs. Concierge, Great Management, Gym, Basketball Court. Washer and Dryer Brand New Apr 2026. FRESHLY PAINTED ENTIRELY, 2025, Vacant.
MississaugaInvestor.ca
602- 360 Square One Drive
Condo Apartment · 2bd/2ba · ~850 sqft
$548,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.11%
Monthly Cash Flow
-$1,557/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-15.57%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,522 |
| Property Tax | −$384 |
| Insurance | −$225 |
| Condo Fee | −$706 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,557/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,603 |
| Insurance | −$2,700 |
| Condo Fee | −$8,472 |
| Annual NOI | $11,585 |
| Cap Rate | 2.11% |
Cash Required to Close
| Down Payment (20%) | $109,600 |
| Ontario Land Transfer Tax | $7,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,035 |
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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