
3507- 36 Elm Drive, Mississauga
City Centre · Investor guide
$599,000
Estimated Value
$423,000
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
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
Welcome to this brand-new southwest corner suite at Edge Towers, offering 2 bedrooms, 2 bathrooms, 1 parking space, and 1 locker. Flooded with natural light, this exceptional residence boasts breathtaking unobstructed views of Lake Ontario and the Mississauga skyline through expansive floor-to-ceiling windows. The thoughtfully designed open-concept layout features 9-foot smooth ceilings, premium laminate flooring throughout, a contemporary kitchen with quartz countertops, centre island, premium appliances, and a private balcony showcasing spectacular lake, city, and sunset views. The spacious primary bedroom includes a 4-piece ensuite, while the second bedroom offers flexibility for a growing family, guests, or a home office. Residents enjoy an outstanding collection of resort-style amenities, including a stunning lobby, 24-hour concierge, fitness centre, yoga studio, private dining room, party room, theatre, billiards room, games room, guest suites, BBQ terrace, and an on-site daycare-ideal for young families. Located in the heart of Mississauga, just steps to Square One, Celebration Square, Sheridan College, restaurants, cafés, parks, grocery stores, and public transit, with easy access to Highways 403, 401, QEW, Cooksville GO Station, and the future Hurontario LRT. An exceptional opportunity to own a sun-filled corner suite in one of Mississauga's most sought-after new communities-perfect for professionals, young families, downsizers, and investors.
MississaugaInvestor.ca
3507- 36 Elm Drive
Condo Apartment · 3bd/2ba · ~650 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.34%
Monthly Cash Flow
-$1,091/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-9.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$2,757 |
| Property Tax | −$419 |
| Insurance | −$225 |
| Condo Fee | −$492 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$1,091/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$5,032 |
| Insurance | −$2,700 |
| Condo Fee | −$5,904 |
| Annual NOI | $19,994 |
| Cap Rate | 3.34% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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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