1403- 80 Absolute Avenue, Mississauga
City Centre · Investor guide
$479,900
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by BENCHMARK SIGNATURE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
6
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
Bright & Gorgeous Corner Unit, South-East, Unobstructed Panoramic View Sight Of CN Tower Far Away Or Natural Treed Park Downstairs. 9 Ft Ceiling, 30,000 Sf Recreational Amenities. New Vinyl Plank Flooring, Brand New S.S. Fridge, Stove, Dishwasher & Microwave, Freshly Painted, Super Convenience Location Steps Away To Square One, City Hall, YMCA, Art Gallery Centre, City Centre Transit Terminal, School, Restaurants, Park & Mins To Major Hwy, Etc.
MississaugaInvestor.ca
1403- 80 Absolute Avenue
Condo Apartment · 2bd/2ba · ~850 sqft
$479,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.9%
Monthly Cash Flow
-$1,451/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-16.57%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,209 |
| Property Tax | −$336 |
| Insurance | −$225 |
| Condo Fee | −$961 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,451/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,031 |
| Insurance | −$2,700 |
| Condo Fee | −$11,532 |
| Annual NOI | $9,097 |
| Cap Rate | 1.9% |
Cash Required to Close
| Down Payment (20%) | $95,980 |
| Ontario Land Transfer Tax | $6,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $105,053 |
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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