
1010- 4850 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$399,900
Estimated Value
$530,000
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
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,650/mo
Based on Central Erin Mills neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to one of Mississauga's most underrated condominium communities! Built by the highly regarded Pemberton Group, this well-managed building offers an exceptional location with outstanding convenience. Enjoy easy access to Highways 403 and 401, a short drive to the Streetsville GO Station, and an impressive selection of amenities just steps away, including Erin Mills Town Centre, Loblaws, Shoppers Drug Mart, major banks, LCBO, restaurants, cafés, and numerous big-box retailers. Credit Valley Hospital, parks, schools, and countless other everyday conveniences are all nearby. Inside, this thoughtfully designed 655 square foot suite (per builder's plan) offers an excellent layout featuring one bedroom plus a separate den/home office. Wood laminate flooring runs throughout the unit, while the spacious kitchen boasts ample cabinetry and a peninsula with breakfast bar, perfect for casual dining or entertaining. The open-concept living and dining area easily accommodates full-sized furniture and walks out to a private balcony, creating a bright and comfortable living space you'll be proud to call home. Residents enjoy an excellent selection of amenities, including an indoor pool, sauna, fully equipped weight room, separate cardio room, and party room. For added convenience, the amenity building can also be accessed directly from the P1 parking level. One underground parking space and a storage locker are also included.
MississaugaInvestor.ca
1010- 4850 Glen Erin Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$399,900
Cash-Flow Report · July 31, 2026
Cap Rate
4.14%
Monthly Cash Flow
-$463/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-6.35%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$1,841 |
| Property Tax | −$280 |
| Insurance | −$225 |
| Condo Fee | −$634 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$463/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$3,359 |
| Insurance | −$2,700 |
| Condo Fee | −$7,608 |
| Annual NOI | $16,543 |
| Cap Rate | 4.14% |
Cash Required to Close
| Down Payment (20%) | $79,980 |
| Ontario Land Transfer Tax | $4,474 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,454 |
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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