1502- 60 Absolute Avenue, Mississauga
City Centre · Investor guide
$399,999
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
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
Welcome to Suite 1502 at 60 Absolute World - Mississauga's Most Iconic Address!Soaring above the city in one of Canada's most recognizable and award-winning towers, this stunning suite offers breathtaking panoramic views and sophisticated urban living at its finest. Nestled in the heart of Mississauga's vibrant City Centre, residents enjoy world-class amenities including indoor pool, fitness centre, party room, and concierge service. Steps to Square One Shopping Centre, transit, top dining, and entertainment - everything you need is right at your doorstep. Whether you're a first-time buyer, savvy investor, or looking to downsize in style, this is an opportunity not to be missed.Live where the skyline meets luxury. Book your private showing today!
MississaugaInvestor.ca
1502- 60 Absolute Avenue
Condo Apartment · 2bd/1ba · ~650 sqft
$399,999
Cash-Flow Report · July 31, 2026
Cap Rate
3.03%
Monthly Cash Flow
-$832/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-11.41%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$1,841 |
| Property Tax | −$280 |
| Insurance | −$225 |
| Condo Fee | −$766 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$832/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,360 |
| Insurance | −$2,700 |
| Condo Fee | −$9,192 |
| Annual NOI | $12,108 |
| Cap Rate | 3.03% |
Cash Required to Close
| Down Payment (20%) | $79,999.8 |
| Ontario Land Transfer Tax | $4,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,474.8 |
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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