
112- 350 Webb Drive, Mississauga
City Centre · Investor guide
$575,000
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
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
Experience the ease of ground-level living in this bright, spacious 2+1-bedroom, 2-bathroom condo. Offering approximately 1,200 square feet, including a large solarium perfect for a home office, den, or reading nook! This unit provides the convenience of a townhouse-style layout with direct access-no elevators or lobbies required.The interior has been recently renovated, featuring new flooring, large-format tiling, and LED potlights throughout. The open-concept living area is perfect for entertaining, with seamless access to a versatile solarium that serves as an ideal home office or additional living space. The updated kitchen features modern countertops and generous space for a full dining set. The primary suite features dual closets and a 4-piece ensuite with generous counter space and a soaker tub/shower combo. The second bedroom offers substantial storage and is adjacent to a second full 4-piece bathroom. Additional features include in-unit laundry combined with a private storage/locker, and a subscription-free Wi-Fi alarm. This unit includes two parking spaces with convenient access to both the unit and visitor parking. Residents benefit from comprehensive building amenities, including a newly renovated party room, pool, gym, cardio room, squash court, billiards, playground, and bike storage. Ideally located in the heart of City Centre, this home offers unparalleled access to urban amenities. You are steps away from the premier shopping and dining at Square One Shopping Centre and the vibrant cultural hub of Celebration Square, which hosts year-round festivals, concerts, outdoor markets, and seasonal skating. A turnkey property offering a blend of comfort, modern updates, convenience, and condo luxury.
MississaugaInvestor.ca
112- 350 Webb Drive
Condo Apartment · 3bd/2ba · ~1,100 sqft
$575,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.49%
Monthly Cash Flow
-$1,457/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-13.88%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,647 |
| Property Tax | −$403 |
| Insurance | −$225 |
| Condo Fee | −$984 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,457/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$4,830 |
| Insurance | −$2,700 |
| Condo Fee | −$11,808 |
| Annual NOI | $14,292 |
| Cap Rate | 2.49% |
Cash Required to Close
| Down Payment (20%) | $115,000 |
| Ontario Land Transfer Tax | $7,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $125,975 |
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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