
71- 5255 Palmetto Place, Mississauga
Churchill Meadows · Investor guide
$819,900
Estimated Value
$691,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
4
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,850/mo
Based on Churchill Meadows neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Beautifully renovated end-unit townhouse in the heart of highly sought-after Churchill Meadows. Offering 3 spacious bedrooms and a fully finished basement, this completely move-in ready combines sleek and quality modern finishes with exceptional functionality. The bright and open concept main floor features a brand new sparkling white kitchen along with never used appliances and a breakfast bar overlooking the living room, freshly laid LVP flooring in the main living space, a powder room and a walk-out to the terrace. Upstairs, you'll find 3 generous bedrooms featuring brand new broadloom, a primary bedroom equipped with an updated 4 piece washroom and a walk-in closet. The fully finished basement offers a cozy space for a rec room, office or even 4th bedroom, and is also equipped with an updated 4 pc washroom, freshly laid broadloom and a new washer and dryer in the dedicated laundry area. Brand new premium roller window coverings on every window, flush mounted light fixtures, updated washroom fixtures, thermostat and more! An incredible value for a completely revamped townhome in West Mississauga.
MississaugaInvestor.ca
71- 5255 Palmetto Place
Condo Townhouse · 3bd/4ba · ~1,300 sqft
$819,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.25%
Monthly Cash Flow
-$2,236/mo
Estimated Rent
$2,850/mo
Cash-on-Cash
-14.92%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,850 |
| Mortgage | −$3,774 |
| Property Tax | −$574 |
| Insurance | −$225 |
| Condo Fee | −$370 |
| Vacancy (5%) | −$143 |
| Cash Flow | -$2,236/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,200 |
| Vacancy (5%) | −$1,710 |
| Property Tax | −$6,887 |
| Insurance | −$2,700 |
| Condo Fee | −$4,440 |
| Annual NOI | $18,463 |
| Cap Rate | 2.25% |
Cash Required to Close
| Down Payment (20%) | $163,980 |
| Ontario Land Transfer Tax | $12,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $179,853 |
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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