
55- 2355 Fifth Line, Mississauga
Sheridan · Investor guide
$729,900
Estimated Value
$681,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ICI SOURCE REAL ASSET SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Based on Sheridan neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Welcome to this 3-bedroom, 2-bathroom condo townhouse in the established Sheridan Homelands community. Located in a well-maintained complex, this 2-storey home offers solid bones and excellent potential in a family-friendly neighbourhood. Enjoy the convenience of low-maintenance living with visitor parking available on site. Features include an attached garage, private outdoor space, and a practical layout suited to everyday living. The main level features open living and dining areas with kitchen access to the outdoors, while the upper level provides three bedrooms, including a primary with closet space, and a shared bathroom. Situated near Erin Mills Parkway and Sheridan Park Drive, the property benefits from quick access to parks and playgrounds, schools, Sheridan Centre shopping, public transit, Clarkson GO Station, major highways (including the QEW), and the University of Toronto Mississauga campus. This property is being sold as is, where is. Offered as an estate sale, this is a rare chance to secure a 3-bed, 2-bath townhome in a desirable Mississauga location. Ideal for buyers looking to update and personalize, first-time homeowners, or investors seeking value in a stable complex with reasonable maintenance fees.
MississaugaInvestor.ca
55- 2355 Fifth Line
Condo Townhouse · 3bd/2ba · ~1,500 sqft
$729,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.97%
Monthly Cash Flow
-$1,554/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-11.65%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$3,360 |
| Property Tax | −$511 |
| Insurance | −$225 |
| Condo Fee | −$450 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$1,554/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$6,131 |
| Insurance | −$2,700 |
| Condo Fee | −$5,400 |
| Annual NOI | $21,679 |
| Cap Rate | 2.97% |
Cash Required to Close
| Down Payment (20%) | $145,980 |
| Ontario Land Transfer Tax | $11,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $160,053 |
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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