508- 60 Absolute Avenue, Mississauga
City Centre · Investor guide
$549,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
Gorgeous 850 Sq Ft Two Bedrooms Unit With 250 Sq Ft Balcony! Spacious Open Concept Unit Includes Two Parking's On Level P1 ($200 extra), Hardwood Floor. S/S Appliances, Quartz Kitchen Counter, Closet, Window Covering. The Building Has Outdoor And Indoor Pools, Sauna, Gym, Squash And Basketball Courts, Pay Per Use Suits For Guests. Pl Ensure Measurements To Your Requirements.**** EXTRAS **** Close To Mississauga Prestigious Square One Mall, Celebration Sq, Go Station, Major Highways, Sheridan College, Library. Two Tandem Type Parking (Behind Each Other).
MississaugaInvestor.ca
508- 60 Absolute Avenue
Condo Apartment · 2bd/2ba · ~850 sqft
$549,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.57%
Monthly Cash Flow
-$1,807/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-18.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,527 |
| Property Tax | −$384 |
| Insurance | −$225 |
| Condo Fee | −$951 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,807/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,612 |
| Insurance | −$2,700 |
| Condo Fee | −$11,412 |
| Annual NOI | $8,636 |
| Cap Rate | 1.57% |
Cash Required to Close
| Down Payment (20%) | $109,800 |
| Ontario Land Transfer Tax | $7,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $120,255 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.