
302- 1140 parkwest Place, Mississauga
Lakeview · Investor guide
$485,000
Estimated Value
$659,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE INC.
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
$2,800/mo
Based on Lakeview neighbourhood rental data for 2-bed Condo Apartment
Remarks
Discover comfortable condo living in the heart of Mississauga's desirable Lakeview neighbourhood. This well-appointed 1-bedroom plus den suite offers a flexible floor plan, with the den providing the perfect space for a home office, guest room, or potential second bedroom. Designed for both everyday living and entertaining, the unit features an open-concept kitchen with a breakfast bar, a separate dining area, and a walk-out to a private balcony complete with a gas BBQ hookup. The spacious primary bedroom includes a walk-in closet and a 4-piece ensuite. The unit also offers a convenient 2-piece powder room and ensuite laundry. One owned underground parking space and an owned locker. Residents enjoy a wide range of building amenities, including 24-hour concierge service, a fitness centre, sauna, library, hobby room, party/meeting room, and visitor parking. Maintenance fees include heat, water, and central air conditioning.Ideally situated close to Lake Ontario, waterfront parks, Sherway Gardens, local shops and restaurants, public transit, Long Branch and Port Credit GO Stations, as well as quick access to the QEW and Highway 427. Conveniently located just minutes from the University of Toronto Mississauga, Sheridan College, and Humber College, making it an excellent choice for students, faculty, and professionals. An excellent opportunity to own in one of Mississauga's most established and convenient communities.
MississaugaInvestor.ca
302- 1140 parkwest Place
Condo Apartment · 2bd/2ba · ~850 sqft
$485,000
Cash-Flow Report · August 1, 2026
Cap Rate
3.37%
Monthly Cash Flow
-$872/mo
Estimated Rent
$2,800/mo
Cash-on-Cash
-9.86%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,800 |
| Mortgage | −$2,232 |
| Property Tax | −$340 |
| Insurance | −$225 |
| Condo Fee | −$735 |
| Vacancy (5%) | −$140 |
| Cash Flow | -$872/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,600 |
| Vacancy (5%) | −$1,680 |
| Property Tax | −$4,074 |
| Insurance | −$2,700 |
| Condo Fee | −$8,820 |
| Annual NOI | $16,326 |
| Cap Rate | 3.37% |
Cash Required to Close
| Down Payment (20%) | $97,000 |
| Ontario Land Transfer Tax | $6,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $106,175 |
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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