1409- 4655 Metcalfe Avenue, Mississauga
Central Erin Mills · Investor guide
$649,900
Estimated Value
$579,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP REALTY SYSTEMS INC.
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
$3,250/mo
Based on Central Erin Mills neighbourhood rental data for 3-bed Condo Apartment
Remarks
Welcome to this fully upgraded, bright, open-concept condo featuring 9 ft ceilings, high-end laminate flooring and modern finishes throughout. The spacious layout offers a sleek contemporary kitchen with stainless steel appliances, quartz countertops and ample storage. Both bathrooms include porcelain tiles, and the versatile den is perfect for a home office, or guest space. Enjoy an abundance of natural light in the premium corner unit, complete with a Massive wraparound balcony. The suite also includes 1 underground parking spot and 1 large locker on the same level. High speed Rogers internet is conveniently included in the maintenance fees. Located steps from top-rated schools, Erin Mills Town Centre and Credit Valley Hospital. This is one of the most desirable communites in the area! Experience resort-style living with incredible amenities: a rooftop pool, lounge & BBQ terrace, state-of the art fitness centre, sauna, party room, games room, guest suites and plenty of visitor parking. A perfect blend of luxury, convenience and comfort. Don't miss this exceptional opportunity!
MississaugaInvestor.ca
1409- 4655 Metcalfe Avenue
Condo Apartment · 3bd/2ba · ~850 sqft
$649,900
Cash-Flow Report · August 1, 2026
Cap Rate
3.06%
Monthly Cash Flow
-$1,332/mo
Estimated Rent
$3,250/mo
Cash-on-Cash
-11.22%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,250 |
| Mortgage | −$2,991 |
| Property Tax | −$455 |
| Insurance | −$225 |
| Condo Fee | −$748 |
| Vacancy (5%) | −$163 |
| Cash Flow | -$1,332/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$39,000 |
| Vacancy (5%) | −$1,950 |
| Property Tax | −$5,459 |
| Insurance | −$2,700 |
| Condo Fee | −$8,976 |
| Annual NOI | $19,915 |
| Cap Rate | 3.06% |
Cash Required to Close
| Down Payment (20%) | $129,980 |
| Ontario Land Transfer Tax | $9,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,453 |
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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