1602- 55 Eglinton Avenue, Mississauga
Hurontario · Investor guide
$499,000
Estimated Value
$418,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by SAM MCDADI REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,500/mo
Based on Hurontario neighbourhood rental data for 2-bed Condo Apartment
Remarks
Welcome to This bright and spacious 823 sq. ft. condo on the 16th floor offers beautiful views, 2 bedrooms, 2 bathrooms, an open-concept layout, and plenty of natural light. Featuring a modern kitchen, spacious primary bedroom with ensuite, 1 parking space, and 1 locker. Enjoy premium building amenities and an unbeatable location close to Square One, shopping, restaurants, transit, parks, major highways, and the future Hurontario LRT.
MississaugaInvestor.ca
1602- 55 Eglinton Avenue
Condo Apartment · 2bd/2ba · ~850 sqft
$499,000
Cash-Flow Report · August 2, 2026
Cap Rate
2.83%
Monthly Cash Flow
-$1,120/mo
Estimated Rent
$2,500/mo
Cash-on-Cash
-12.3%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,500 |
| Mortgage | −$2,297 |
| Property Tax | −$349 |
| Insurance | −$225 |
| Condo Fee | −$624 |
| Vacancy (5%) | −$125 |
| Cash Flow | -$1,120/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,000 |
| Vacancy (5%) | −$1,500 |
| Property Tax | −$4,192 |
| Insurance | −$2,700 |
| Condo Fee | −$7,488 |
| Annual NOI | $14,120 |
| Cap Rate | 2.83% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
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