
21- 5530 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$799,900
Estimated Value
$731,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE MEADOWTOWNE REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,250/mo
Based on Central Erin Mills neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Welcome to this beautifully updated 3-bedroom condo townhome backing onto a peaceful ravine and greenspace in the highly sought-after Central Erin Mills community. Offering an exceptional combination of comfort, functionality, and an unbeatable location, this home is perfect for families, professionals, and investors alike. The bright, open-concept main floor is designed for everyday living and entertaining, featuring a spacious kitchen with a breakfast-bar island overlooking the dining and living areas. Hardwood flooring, a cozy gas fireplace, and sliding glass doors leading to the backyard create a warm and inviting space to relax or gather with family and friends. Upstairs, you'll find three generously sized bedrooms, including an oversized primary retreat complete with a walk-in closet and a private 3-piece ensuite bathroom. Convenient second-floor laundry and additional storage make daily living effortless. The unfinished basement offers endless possibilities to create the space you've always wanted-whether it's a recreation room, home gym, office, or additional living area. Additional features include a full one-car garage with an automatic garage door opener, private driveway parking for one vehicle, and plenty of visitor parking within the complex. Located in one of Mississauga's most desirable neighbourhoods, this home is surrounded by some of the city's highest-rated schools, including John Fraser SS, St. Aloysius Gonzaga Catholic SS, Middlebury Public School, and Thomas Street Middle School. The University of Toronto Mississauga campus is also just a short drive or bus ride away. Enjoy the convenience of being just minutes from Erin Mills Town Centre, Credit Valley Hospital, Streetsville GO Station, parks, scenic walking trails, and all everyday amenities, with quick access to Highways 403, 401, and 407 for an easy commute. This is an outstanding opportunity to own a move-in-ready home in one of Mississauga's premier family-friendly communities.
MississaugaInvestor.ca
21- 5530 Glen Erin Drive
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$799,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.86%
Monthly Cash Flow
-$1,775/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-12.14%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$3,682 |
| Property Tax | −$560 |
| Insurance | −$225 |
| Condo Fee | −$395 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$1,775/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$6,719 |
| Insurance | −$2,700 |
| Condo Fee | −$4,740 |
| Annual NOI | $22,891 |
| Cap Rate | 2.86% |
Cash Required to Close
| Down Payment (20%) | $159,980 |
| Ontario Land Transfer Tax | $12,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,453 |
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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