2- 2575 Parmeer Drive, Mississauga
Erindale · Investor guide
$699,999
Estimated Value
$666,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP KINGS CROSS INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Based on Erindale neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Welcome to this beautifully upgraded 3-bedroom, 2 bathroom, 2-storey townhouse nestled in a quiet, family-oriented neighbourhood. Thoughtfully renovated with style and function in mind, this home features a stunning modern kitchen complete with stainless steel appliances, quartz countertops, and a sleek designer backsplash-perfect for both everyday living and entertaining. The main level showcases elegant new hardwood flooring, while both bathrooms have been fully renovated with contemporary, high-quality finishes, offering a refined and move-in-ready experience. Step outside to your own private backyard retreat-ideal for summer evenings, with ample space for BBQ dining and outdoor lounging. Perfectly situated within walking distance to Huron Park, scenic trails, and top-rated elementary and high schools. Just minutes to Square One Shopping Centre and major highways including the 403 and QEW, providing seamless access to all amenities. An exceptional opportunity for discerning buyers-ideal for young families or those seeking to downsize without compromising on quality, comfort, or location.
MississaugaInvestor.ca
2- 2575 Parmeer Drive
Condo Townhouse · 3bd/2ba · ~1,300 sqft
$699,999
Cash-Flow Report · August 2, 2026
Cap Rate
3.16%
Monthly Cash Flow
-$1,378/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-10.77%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$3,222 |
| Property Tax | −$490 |
| Insurance | −$225 |
| Condo Fee | −$433 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$1,378/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$5,880 |
| Insurance | −$2,700 |
| Condo Fee | −$5,196 |
| Annual NOI | $22,134 |
| Cap Rate | 3.16% |
Cash Required to Close
| Down Payment (20%) | $139,999.8 |
| Ontario Land Transfer Tax | $10,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,474.8 |
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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