414- 2470 Prince Michael Drive, Oakville
Oakville
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by Prominent Realty Inc., Brokerage
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Emporium at Joshua Creek, where this bright east-facing one-bedroom pairs an efficient layout with resort-style amenities and everyday convenience. The open-concept living area features hardwood flooring and a walkout to the balcony. The kitchen offers modern cabinetry, granite counters and breakfast bar, ceramic backsplash and stainless-steel appliances. A generous bedroom, 4-piece bath and in-suite stacked laundry complete the suite. Includes one underground parking space and one storage locker. Residents enjoy concierge service, an indoor pool, fitness room,sauna, guest suite and party/meeting space. Conveniently located near shopping, restaurants, transit and commuter routes to the QEW, 403 and 407. A polished, low-maintenance Oakville home that is easy to enjoy-book your private viewing.
MississaugaInvestor.ca
414- 2470 Prince Michael Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$499,900
Cash-Flow Report · August 1, 2026
Cap Rate
1.52%
Monthly Cash Flow
-$1,670/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-18.31%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$2,301 |
| Property Tax | −$346 |
| Insurance | −$225 |
| Condo Fee | −$555 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,670/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$4,149 |
| Insurance | −$2,700 |
| Condo Fee | −$6,660 |
| Annual NOI | $7,581 |
| Cap Rate | 1.52% |
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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