806- 400 Webb Drive, Mississauga
City Centre · Investor guide
$599,000
Estimated Value
$423,000
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 Apartment
Bedrooms
3
Bathrooms
1
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Based on City Centre neighbourhood rental data for 3-bed Condo Apartment
Remarks
Attention investors and first time home buyers, this is a very spacious with lot of Sunlight, TWO bedroom and One full Washroom. plus a Solarium Condo Apartment in the Heart of Mississauga Near the Square One, HWY 403, Library, Art center, Public Transit, Parks, Schools, Shopping Centers, No Carpet, Laminate Floors, Very Well maintained and Clean unit for your Family living or Investment.
MississaugaInvestor.ca
806- 400 Webb Drive
Condo Apartment · 3bd/1ba · ~950 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.74%
Monthly Cash Flow
-$1,391/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-12.72%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,757 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$792 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,391/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$5,032 |
| Insurance | −$2,700 |
| Condo Fee | −$9,504 |
| Annual NOI | $16,394 |
| Cap Rate | 2.74% |
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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