
912- 50 Elm Drive, Mississauga
Mississauga Valleys · Investor guide
$499,900
Estimated Value
$454,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by Royal LePage Real Estate Associates
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Based on Mississauga Valleys neighbourhood rental data for 3-bed Condo Apartment
Remarks
Bright and spacious corner 9th-floor suite in The Aspenview, located in the heart of Mississauga's established Valley community. This well-maintained unit offers 3 bedrooms and 2full bathrooms with a functional open-concept layout and abundant natural light from multiple exposures. The suite features an enclosed, all-glass balcony with southwest exposure, offering open views from the 9th floor and additional year-round living space. Generous living and dining areas provide flexibility for everyday living and entertaining. The kitchen offers ample cabinetry and workspace. A notable feature is the oversized ensuite laundry room, larger than typically found in condominium units, providing valuable additional storage. The unit also includes central air conditioning, two underground parking spaces, and a locker. Maintenance fees include heat, water, hydro, common elements, building insurance, and parking, offering added convenience and value. The building is well managed and ideally situated close to public transit, shopping, dining, parks, Square One Shopping Centre, and with easy access to major highways. An excellent opportunity for homeowners or investors seeking space, light, and a central Mississauga location.
MississaugaInvestor.ca
912- 50 Elm Drive
Condo Apartment · 3bd/2ba · ~1,300 sqft
$499,900
Cash-Flow Report · August 1, 2026
Cap Rate
2.75%
Monthly Cash Flow
-$1,155/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-12.66%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$2,301 |
| Property Tax | −$350 |
| Insurance | −$225 |
| Condo Fee | −$1,176 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,155/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$4,199 |
| Insurance | −$2,700 |
| Condo Fee | −$14,112 |
| Annual NOI | $13,759 |
| Cap Rate | 2.75% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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