309- 3900 Confederation Parkway, Mississauga
City Centre · Investor guide
$450,000
Estimated Value
$374,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by HOMEART REALTY SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
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 M City, A Landmark Development Redefining Urban Living And Enhancing Mississauga's Skyline. The Luxury Condo Is Ideally Located In Downtown Mississauga, Just Steps From Square One, Sheridan College, Future LRT And More. This 1+Den Suite Features Soaring TEN FEET & SIX INCHES (10.5 Feet Height) Smooth Ceilings. 583 sq. ft. + 133 sq. ft. Den With Sliding Door. Floor To Ceiling Windows. Laminate Flooring. Two Upgraded Frameless Mirrored Closets. Custom Designed Kitchen Cabinetry. 2-Storey Lobby With Hotel-Style Lounge Area, Fitness Centre, Steam Room, Game Room, Outdoor Saltwater Pool, Splash Pad, BBQ & Grill Station, Patio and Lounge, Seasonal Outdoor Skating Rink & Guest Suites. Included 1 Parking.
MississaugaInvestor.ca
309- 3900 Confederation Parkway
Condo Apartment · 2bd/1ba · ~550 sqft
$450,000
Cash-Flow Report · August 2, 2026
Cap Rate
3.32%
Monthly Cash Flow
-$825/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-10.05%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$2,071 |
| Property Tax | −$315 |
| Insurance | −$225 |
| Condo Fee | −$494 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$825/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$3,780 |
| Insurance | −$2,700 |
| Condo Fee | −$5,928 |
| Annual NOI | $14,952 |
| Cap Rate | 3.32% |
Cash Required to Close
| Down Payment (20%) | $90,000 |
| Ontario Land Transfer Tax | $5,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,475 |
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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