3605- 36 ELM Drive, Mississauga
City Centre · Investor guide
$319,900
Estimated Value
$325,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTY SPECIALISTS INC.
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
Based on City Centre neighbourhood rental data for 1-bed Condo Apartment
Remarks
SOUTH VIEWS FROM 36TH FLOOR IN THIS 1 BED 1 BATH CONDO UNIT!! High Ceilings, Laminate t/o Unit, Stainless Cooktop & Appliances, Floor-To-Ceiling Windows W/ SouthWest Exposure & An Unobstructed View! Open Concept Design! Modern & Elegant Finishes Throughout! Modern Kitchen W/High-End Built-In Fisher & Paykel Appliances & Ceramic Backsplash! Master Br W/ 3Pc Ensuite! 24-Hour Concierge. Amazing Amenities Include A Party Room, Rooftop Terrace, Wi-Fi Lounge, Games Room, Fitness Room, And Theatre Room!!. Fantastic Location Near City Center Close to Bus Lines. Prime Location Connected To All Major Highways - 401, 403, 407, 410, And The Qew, Future Hurontario Lrt, Sheridan College, Celebration Square, Central Library, Ymca!
MississaugaInvestor.ca
3605- 36 ELM Drive
Condo Apartment · 1bd/1ba · ~250 sqft
$319,900
Cash-Flow Report · August 1, 2026
Cap Rate
3.64%
Monthly Cash Flow
-$502/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-8.57%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$1,472 |
| Property Tax | −$224 |
| Insurance | −$225 |
| Condo Fee | −$338 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$502/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$2,687 |
| Insurance | −$2,700 |
| Condo Fee | −$4,056 |
| Annual NOI | $11,647 |
| Cap Rate | 3.64% |
Cash Required to Close
| Down Payment (20%) | $63,980 |
| Ontario Land Transfer Tax | $3,274 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $70,254 |
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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