2- 7440 GOREWAY Drive, Mississauga
Malton · Investor guide
$649,900
Estimated Value
$576,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RISING STAR REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,350/mo
Based on Malton neighbourhood rental data for 4-bed Condo Townhouse
Remarks
Welcome to Unit 2 at 7440 Goreway Dr. This renovated condo townhouse is in the heart of Malton and offers modern finishes, flexible living space, and an unbeatable walkable lifestyle. This 3+1 bedroom, 3-bath home has been thoughtfully updated with a new kitchen, new powder room, and new flooring throughout, plus stainless steel appliances including a fridge and stove. Recent exterior upgrades include new front and back doors plus backyard landscaping for a private outdoor retreat.The finished basement adds valuable versatility, ideal for extended family, guests, a home office, or a creative studio setup.Enjoy the convenience of being steps to everyday essentials and transit: Westwood Mall shopping and services, banks, FreshCo, Tim Hortons, and the Malton Community Centre/library are all nearby, with quick access to bus routes and an easy connection to Malton GO for commuters.Surrounded by parks and trails, including Paul Coffey Park, Albert McBride Park, and the Derry Greenway, this is a smart option for families, first-time buyers, or those needing multi-generational flexibility, without giving up location.
MississaugaInvestor.ca
2- 7440 GOREWAY Drive
Condo Townhouse · 4bd/3ba · ~1,100 sqft
$649,900
Cash-Flow Report · August 1, 2026
Cap Rate
1.91%
Monthly Cash Flow
-$1,959/mo
Estimated Rent
$2,350/mo
Cash-on-Cash
-16.5%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,350 |
| Mortgage | −$2,991 |
| Property Tax | −$455 |
| Insurance | −$225 |
| Condo Fee | −$520 |
| Vacancy (5%) | −$118 |
| Cash Flow | -$1,959/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,200 |
| Vacancy (5%) | −$1,410 |
| Property Tax | −$5,459 |
| Insurance | −$2,700 |
| Condo Fee | −$6,240 |
| Annual NOI | $12,391 |
| Cap Rate | 1.91% |
Cash Required to Close
| Down Payment (20%) | $129,980 |
| Ontario Land Transfer Tax | $9,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $142,453 |
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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