802- 50 Absolute Avenue, Mississauga
City Centre · Investor guide
$365,000
Estimated Value
$325,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Based on City Centre neighbourhood rental data for 1-bed Condo Apartment
Remarks
Welcome to upscale condo living at 50 Absolute Ave, situated in one of Mississauga's most iconic landmark communities! This bright 1-bedroom, 1-bathroom residence offers a highly functional and spacious layout, complete with an included parking space. The open-concept living area draws in abundant natural light, creating an inviting space to relax or entertain. Residents gain access to world-class amenities-including indoor and outdoor pools, a fully equipped fitness center, basketball and squash courts, party lounges, and 24-hour concierge service. Unbeatable location just steps from Square One Shopping Centre, Celebration Square, transit, and dining, with seamless access to major highways. An ideal turnkey opportunity for first-time buyers, urban professionals, or savvy real estate investors!
MississaugaInvestor.ca
802- 50 Absolute Avenue
Condo Apartment · 1bd/1ba · ~650 sqft
$365,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.75%
Monthly Cash Flow
-$1,150/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-17.26%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,680 |
| Property Tax | −$256 |
| Insurance | −$225 |
| Condo Fee | −$746 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,150/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,066 |
| Insurance | −$2,700 |
| Condo Fee | −$8,952 |
| Annual NOI | $6,372 |
| Cap Rate | 1.75% |
Cash Required to Close
| Down Payment (20%) | $73,000 |
| Ontario Land Transfer Tax | $3,950 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $79,950 |
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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