1404- 330 Burnhamthorpe Road, Mississauga
City Centre · Investor guide
$620,000
Estimated Value
$423,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SKYBOUND REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
3
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
Open concept 2-bed + den, 2-bath unit at Iridel's Grand Ovation offers beautiful unobstructed skyline views.Located in Mississauga's City Centre, it is within walking distance from Squareone mall, dining, and transit. It features modern upgrades, California shutters and a flexible den, perfect for a third bedroom or office. Easy Access Io HwysIncludes 1 Parking Spot. All Electric Light Fixtures, Window Coverings, Washer & Dryer. stainless Steel Fridge, Stove, B/I Dishwasher.
MississaugaInvestor.ca
1404- 330 Burnhamthorpe Road
Condo Apartment · 3bd/2ba · ~950 sqft
$620,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.64%
Monthly Cash Flow
-$1,489/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-13.15%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,854 |
| Property Tax | −$434 |
| Insurance | −$225 |
| Condo Fee | −$778 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,489/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$5,208 |
| Insurance | −$2,700 |
| Condo Fee | −$9,336 |
| Annual NOI | $16,386 |
| Cap Rate | 2.64% |
Cash Required to Close
| Down Payment (20%) | $124,000 |
| Ontario Land Transfer Tax | $8,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $135,875 |
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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