109B- 3605 Kariya Drive, Mississauga
City Centre · Investor guide
$499,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 PEOPLE`S CHOICE REALTY 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
$2,400/mo
Based on City Centre neighbourhood rental data for 2-bed Condo Apartment
Remarks
welcome to 1+ den Gorgeous Condo. Towne by Tridel opportunity-an exceptional, sun-filled suite offering a lifestyle unlike anything else in the community. This unique residence features two private entrances, two walk-outs, and nearly 1,000 sq. ft. of exclusive outdoor living, including an extraordinary 864 sq. ft. terrace with unobstructed views overlooking Kariya Park. With 1,260 sq. ft. above grade (MPAC), the interior impresses with 9.5-ft ceilings, floor-to-ceiling windows, and hardwood flooring throughout. The upgraded kitchen and bathrooms, along with newer stainless-steel appliances, create a modern, move-in-ready space. Large size Den can be used as 2nd bedroom. A rare tandem parking spot accommodates two full-size vehicles comfortably. Located within a gated community offering 24-hour security and resort-style amenities, you're just steps from Square One, GO Transit, the upcoming LRT, parks, and top-rated schools. Available fully furnished (if buyer want) for a seamless transition.
MississaugaInvestor.ca
109B- 3605 Kariya Drive
Condo Apartment · 2bd/2ba · ~1,300 sqft
$499,000
Cash-Flow Report · August 1, 2026
Cap Rate
0.08%
Monthly Cash Flow
-$2,265/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-24.88%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,297 |
| Property Tax | −$349 |
| Insurance | −$225 |
| Condo Fee | −$1,674 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,265/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,192 |
| Insurance | −$2,700 |
| Condo Fee | −$20,088 |
| Annual NOI | $380 |
| Cap Rate | 0.08% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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