PH 02- 30 Elm Drive, Mississauga
City Centre · Investor guide
$499,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL CANADIAN REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
2
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
Experience luxury penthouse living at Edge Towers 2 in the heart of Mississauga. This stunning corner PH02 suite offers breathtaking Southeast views and is filled with natural light through floor-to-ceiling windows. Featuring approximately 700-799 sq. ft. of thoughtfully designed living space, this 2-bedroom, 2-bathroom residence boasts an open-concept layout, 10-ft ceilings, 8-ft interior doors, premium laminate flooring throughout, and a modern kitchen with quartz countertops, built-in stainless steel appliances, and contemporary cabinetry. The spacious primary bedroom with a private ensuite offers comfort and privacy, while the second bedroom is perfect for guests, family, or a home office. Enjoy in-suite laundry, an oversized private balcony with panoramic city and lake views, one parking space, and a storage locker. Residents have access to world-class amenities including a 24-hour concierge, gym, media room, party/meeting room, and guest suites. Ideally located just steps to Square One Shopping Centre, Celebration Square, Sheridan College, Living Arts Centre, restaurants, parks, public transit, the future Hurontario LRT, and minutes to Highways 403, 401, and QEW, this is an exceptional opportunity to own a premium penthouse in one of Mississauga's most desirable communities.
MississaugaInvestor.ca
PH 02- 30 Elm Drive
Condo Apartment · 2bd/2ba · ~750 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.55%
Monthly Cash Flow
-$1,238/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-13.6%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,297 |
| Property Tax | −$349 |
| Insurance | −$225 |
| Condo Fee | −$647 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,238/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,192 |
| Insurance | −$2,700 |
| Condo Fee | −$7,764 |
| Annual NOI | $12,704 |
| Cap Rate | 2.55% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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