41- 1588 South Parade Court, Mississauga
East Credit · Investor guide
$839,999
Estimated Value
$720,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SPECIALISTS INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
4
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,200/mo
Based on East Credit neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Stunning executive end-unit condo townhouse filled with abundant natural light, ideally located in a highly sought-after neighborhood. This beautifully designed home features an impressive open-concept layout with soaring 10-foot ceilings at the entrance, creating a bright and spacious feel throughout. Offering 3 generously sized bedrooms, 4 bathrooms, and a professionally finished basement, this home combines style and functionality. Elegant oak stairs and hardwood flooring in the living and dining rooms add warmth and sophistication. The spacious primary bedroom features a walk-in closet and a luxurious 4-piece ensuite, providing the perfect private retreat.
MississaugaInvestor.ca
41- 1588 South Parade Court
Condo Townhouse · 3bd/4ba · ~1,900 sqft
$839,999
Cash-Flow Report · July 31, 2026
Cap Rate
2.44%
Monthly Cash Flow
-$2,157/mo
Estimated Rent
$3,200/mo
Cash-on-Cash
-14.05%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,200 |
| Mortgage | −$3,866 |
| Property Tax | −$588 |
| Insurance | −$225 |
| Condo Fee | −$518 |
| Vacancy (5%) | −$160 |
| Cash Flow | -$2,157/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$38,400 |
| Vacancy (5%) | −$1,920 |
| Property Tax | −$7,056 |
| Insurance | −$2,700 |
| Condo Fee | −$6,216 |
| Annual NOI | $20,508 |
| Cap Rate | 2.44% |
Cash Required to Close
| Down Payment (20%) | $167,999.8 |
| Ontario Land Transfer Tax | $13,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $184,274.8 |
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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