
PH7- 2565 Erin Centre Boulevard, Mississauga
Central Erin Mills · Investor guide
$499,000
Estimated Value
$530,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by Royal LePage Real Estate Associates
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
$2,650/mo
Based on Central Erin Mills neighbourhood rental data for 2-bed Condo Apartment
Remarks
Rarely available and beautifully updated penthouse residence with south views facing the lake and located in the heart of Central Erin Mills in Mississauga! Freshly painted throughout, this bright and inviting 2 bedroom, 2 bathroom condo offers a desirable sunny south exposure, filling the space with natural light and features a walkout to a private balcony with panoramic views. The open concept layout features a stylish kitchen complete with stone countertops, a breakfast bar and stainless steel appliances, flowing effortlessly into the living and dining areas. The spacious primary bedroom is a true retreat, including a renovated 3 piece ensuite, while the second bedroom offers flexibility for guests or a home office. Added conveniences include a huge storage locker located directly in front of the owned parking spot, making everyday living both comfortable and practical. Building amenities includes 24 hour gated security, an indoor pool, hot tub, sauna, gym, tennis court, party room, games room, library & plenty of visitor parking. A rare penthouse opportunity in a sought after neighbourhood steps to shopping, transit, parks, highly rated schools and all urban amenities including Erin Mills Town Centre with all of its shops and restaurants. Close to Credit Valley Hospital and easy access to highways 403, 401 & 407.
MississaugaInvestor.ca
PH7- 2565 Erin Centre Boulevard
Condo Apartment · 2bd/2ba · ~850 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.37%
Monthly Cash Flow
-$1,311/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-14.4%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,297 |
| Property Tax | −$349 |
| Insurance | −$225 |
| Condo Fee | −$957 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$1,311/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$4,192 |
| Insurance | −$2,700 |
| Condo Fee | −$11,484 |
| Annual NOI | $11,834 |
| Cap Rate | 2.37% |
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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