
1606- 4085 Parkside Village Drive, Mississauga
City Centre · Investor guide
$645,900
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
4
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
Welcome to this bright and spacious 2-bedroom, 2-bathroom condo located in the highlydesirable Block Nine in the heart of Mississauga. This open-concept unit features sleek laminateflooring throughout and a neutral color palette that suits any style. The kitchen is equipped withbuilt-in stainless steel appliances, granite countertops, a stylish backsplash, and a water filtrationsystem. The living and dining area flow seamlessly, creating an ideal space for both relaxing andentertaining!The primary bedroom includes a private 4-piece ensuite and a direct walk-out to thebalcony. The second bedroom is generously sized and fully enclosed with a standard swingdoor, offering privacy thats perfect for guests, a roommate, or a home office. *Comes withParking and Locker space**Located just steps from Square One Shopping Centre, SheridanCollege, Celebration Square, the YMCA, Central Library, City Hall, and the Living Arts Centre.Enjoy easy access to public transit, including the new Route 126 direct bus to UTM, as well asHighways 401 and 403. Surrounded by restaurants, shops, and entertainment, everything youneed is right at your doorstep. **Useful building amenities includes: fitness centre, yoga studio,theatre room, party and games rooms, a rooftop garden, children's play area, library, guestsuites, and 24-hour concierge service.
MississaugaInvestor.ca
1606- 4085 Parkside Village Drive
Condo Apartment · 2bd/2ba · ~750 sqft
$645,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.07%
Monthly Cash Flow
-$1,860/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-15.77%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,973 |
| Property Tax | −$452 |
| Insurance | −$225 |
| Condo Fee | −$490 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,860/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,426 |
| Insurance | −$2,700 |
| Condo Fee | −$5,880 |
| Annual NOI | $13,354 |
| Cap Rate | 2.07% |
Cash Required to Close
| Down Payment (20%) | $129,180 |
| Ontario Land Transfer Tax | $9,393 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $141,573 |
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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