
2909- 36 Elm Drive, Mississauga
City Centre · Investor guide
$729,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
3
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 brand-new 2-bedroom, 2-bathroom condominium, complete with 1 parking space and 1 locker. This bright, west-facing suite offers a thoughtfully designed open-concept layout with 9-foot ceilings, floor-to-ceiling windows, and breathtaking sunset views over the city. The contemporary kitchen is beautifully appointed with premium integrated and stainless steel appliances, quartz countertops, a large centre island, ceramic tile backsplash, and ample cabinetry-perfect for everyday living and entertaining alike. The spacious primary bedroom features a generous closet and a private 4-piece ensuite, while the second bedroom provides the flexibility to accommodate family, guests, or a home office. Enjoy durable laminate flooring throughout, modern finishes, and a private balcony where you can unwind and take in the spectacular west-facing skyline views. Ideally located in the heart of Mississauga, this exceptional residence is just steps from Square One Shopping Centre, Sheridan College, Celebration Square, restaurants, cafés, grocery stores, and public transit. Commuting is effortless with quick access to major highways, Cooksville GO Station, and the future Hurontario LRT. Residents enjoy an impressive selection of resort-inspired amenities, including a 24-hour concierge, fitness centre, yoga studio, Wi-Fi lounge, games room, movie theatre, party room with BBQ area, and guest suites. A fantastic opportunity to own a brand-new, luxurious condominium in one of Mississauga's most sought-after communities-ideal for first-time buyers, professionals, families, and investors alike.
MississaugaInvestor.ca
2909- 36 Elm Drive
Condo Apartment · 2bd/2ba · ~850 sqft
$729,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.59%
Monthly Cash Flow
-$2,391/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.95%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$3,355 |
| Property Tax | −$510 |
| Insurance | −$225 |
| Condo Fee | −$581 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,391/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$6,124 |
| Insurance | −$2,700 |
| Condo Fee | −$6,972 |
| Annual NOI | $11,564 |
| Cap Rate | 1.59% |
Cash Required to Close
| Down Payment (20%) | $145,800 |
| Ontario Land Transfer Tax | $11,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $159,855 |
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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