
3502- 30 Elm Drive, Mississauga
City Centre · Investor guide
$599,900
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by KW Living Realty
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
**Brand New, Never Lived-In Corner Suite in Edge Towers! Immediate possession available. Purchase directly from the developer. Full TARION warranty is active. *Unit qualifies for HST rebates, HST rebate assigned to builder on closing for owner-occupants; see schedule for investment purchase terms This bright and spacious 2-bedroom, 2-bathroom corner suite includes 1 parking space and 1locker and offers breathtaking, unobstructed north and east views, including the iconic Marilyn Monroe Towers and the Toronto skyline. Designed with modern elegance, the suite features a contemporary kitchen with fully integrated and stainless steel appliances, quartz countertops, a ceramic tile backsplash, an under mount stainless steel sink with pull-out spray faucet, and a functional centre island-perfect for everyday living and entertaining. Additional features include 9-foot smooth ceilings, premium wide-plank laminate flooring throughout the main living areas, ceramic tile flooring in the bathrooms and laundry room, and a full-size stacked front-load washer and dryer. Located in the award-winning Edge Towers community, you'll be just steps from Square One Shopping Centre, Whole Foods, Walmart, Celebration Square, Sheridan College, trendy restaurants, cafés, parks, public transit, Cooksville GO Station, and the future Hurontario LRT, providing exceptional convenience and connectivity. Residents enjoy an outstanding collection of resort-inspired amenities, including a spectacular granite-clad lobby with soaring ceilings and fireplace, 24-hour concierge, state-of-the-art fitness centre, yoga studio, Wi-Fi lounge, private theatre, games room, party room with outdoor BBQ area, guest suites, and beautifully appointed gathering spaces. Condo fees include heat, water, and Bell Fibe Unlimited Internet, offering exceptional value and convenience.
MississaugaInvestor.ca
3502- 30 Elm Drive
Condo Apartment · 2bd/2ba · ~750 sqft
$599,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.01%
Monthly Cash Flow
-$1,755/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-16.02%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,761 |
| Property Tax | −$420 |
| Insurance | −$225 |
| Condo Fee | −$629 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$1,755/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$5,039 |
| Insurance | −$2,700 |
| Condo Fee | −$7,548 |
| Annual NOI | $12,073 |
| Cap Rate | 2.01% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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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