
3508- 80 Absolute Avenue, 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 HOMELIFE LANDMARK REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
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
Absolutely Stunning Corner Upper Penthouse Suite In The Heart Of Mississauga, Complete With 2 Parking Spaces And A Premium Oversized Locker! This Highly Sought-After Split 2-Bedroom Layout Features Exclusive 10-Ft Ceilings-A Rare Upper Penthouse Feature, While Suites On All Other Floors Have Only 9-Ft Ceilings. Expansive Floor-To-Ceiling Windows Fill The Home With Natural Light, While 2 Walkouts Lead To The Balcony With Breathtaking, Unobstructed Panoramic Views Of Downtown Mississauga, The Toronto Skyline And Lake Ontario. Residents Enjoy 24-Hour Gatehouse Security And Exclusive Access To The Spectacular 30,000 Sq Ft Absolute Club, Featuring Indoor And Outdoor Pools, Whirlpool, Spa, State-Of-The-Art Fitness Centre, Running Track, Squash And Basketball Courts, Steam Rooms, Sauna, Sun Deck With BBQs, Theatre Room, Guest Suites And More. Ideally Located Steps From Square One Shopping Centre, Parks, Schools, Restaurants, Public Transit And Everyday Essentials, With Easy Access To Highways 403, 401 And QEW, As Well As The Upcoming Hurontario LRT. A Rare Opportunity To Own A Prestigious Upper Penthouse Suite In One Of Mississauga's Most Recognized And Sought-After High-Rise Communities!
MississaugaInvestor.ca
3508- 80 Absolute Avenue
Condo Apartment · 2bd/2ba · ~850 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.6%
Monthly Cash Flow
-$1,632/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,297 |
| Property Tax | −$349 |
| Insurance | −$225 |
| Condo Fee | −$1,041 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,632/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,192 |
| Insurance | −$2,700 |
| Condo Fee | −$12,492 |
| Annual NOI | $7,976 |
| Cap Rate | 1.6% |
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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