1604- 260 Malta Avenue, Brampton
Brampton
$629,000
Cash flow, cap rate & mortgage breakdown
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Listed by BONNIE BYFORD REAL ESTATE LTD
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
$2,100/mo
Estimated from market price-to-rent ratios
Remarks
Bright 2-bedroom corner suite offers sweeping southeast and southwest views from a wraparound balcony. The open-concept living space features floor-to-ceiling windows, quality plank vinyl flooring, and roller shades throughout. The modern kitchen is finished with white cabinetry accented in grey, quartz countertops, a porcelain tile backsplash, and stainless steel appliances. Both bedrooms feature mirrored closet doors, while the primary bedroom offers a walkout to the balcony and a 3-piece ensuite with a frameless glass shower. Includes one parking space and one locker, both conveniently located on P3. Exceptional DUO amenities include concierge, fitness centre, co-working hub, party room, terrace with BBQs, and dedicated yoga and meditation areas. Ideally located within walking distance of the Gateway Terminal and the future Hurontario LRT. Minutes to Sheridan College (Davis Campus), Shoppers World, major parks, golf courses, and highways. A convenient and connected lifestyle with everyday essentials close at hand. This is a non-smoking building. (Photos were taken in 2025 before the tenant moved in.)
MississaugaInvestor.ca
1604- 260 Malta Avenue
Condo Apartment · 2bd/2ba · ~750 sqft
$629,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.14%
Monthly Cash Flow
-$2,299/mo
Estimated Rent
$2,100/mo
Cash-on-Cash
-20.01%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,100 |
| Mortgage | −$2,895 |
| Property Tax | −$592 |
| Insurance | −$225 |
| Condo Fee | −$582 |
| Vacancy (5%) | −$105 |
| Cash Flow | -$2,299/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,200 |
| Vacancy (5%) | −$1,260 |
| Property Tax | −$7,108 |
| Insurance | −$2,700 |
| Condo Fee | −$6,984 |
| Annual NOI | $7,148 |
| Cap Rate | 1.14% |
Cash Required to Close
| Down Payment (20%) | $125,800 |
| Ontario Land Transfer Tax | $9,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $137,855 |
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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