
202- 1700 The College Way, Mississauga
Erin Mills · Investor guide
$589,900
Estimated Value
$463,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,000/mo
Based on Erin Mills neighbourhood rental data for 1-bed Condo Apartment
Remarks
Welcome to Canyon Springs at 1700 The Collegeway - one of Mississauga's most sought-after condominium communities. This beautifully maintained 1-bedroom + den, 1-bathroom suite offers the perfect blend of comfort, functionality, and an unbeatable Erin Mills location.Step inside to a bright, open-concept living and dining area that's ideal for both everyday living and entertaining. Large windows fill the home with natural light, creating a warm and inviting atmosphere throughout.The spacious kitchen offers ample cabinetry, generous counter space, and a functional layout that makes meal preparation a pleasure while remaining connected to the main living area.The generous primary bedroom provides a peaceful retreat with the added benefit of extra closet space for additional clothing and storage, a feature rarely found in comparable suites. The versatile den is perfect for a home office, guest room, reading nook, or hobby space, adapting effortlessly to your lifestyle.Residents of Canyon Springs enjoy exceptional resort-style amenities, including a 24-hour concierge, indoor pool, fitness centre, sauna, party room, beautifully landscaped grounds, visitor parking, and more, offering the convenience and lifestyle buyers are looking for. The building is well established and known for its outstanding management and extensive amenities.Located in the heart of Erin Mills, you're just minutes from shopping, restaurants, walking trails, public transit, major highways, Credit Valley Hospital, the University of Toronto Mississauga campus, and all the everyday conveniences that make this neighbourhood one of Mississauga's most desirable places to call home.Whether you're a first-time buyer, downsizer, professional, or investor, this exceptional suite offers an outstanding opportunity to own in one of Mississauga's premier condominium communities. Move in and enjoy a carefree lifestyle in a location that truly has it all.
MississaugaInvestor.ca
202- 1700 The College Way
Condo Apartment · 1bd/1ba · ~850 sqft
$589,900
Cash-Flow Report · August 2, 2026
Cap Rate
0.6%
Monthly Cash Flow
-$2,421/mo
Estimated Rent
$2,000/mo
Cash-on-Cash
-22.48%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,000 |
| Mortgage | −$2,715 |
| Property Tax | −$413 |
| Insurance | −$225 |
| Condo Fee | −$968 |
| Vacancy (5%) | −$100 |
| Cash Flow | -$2,421/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$24,000 |
| Vacancy (5%) | −$1,200 |
| Property Tax | −$4,955 |
| Insurance | −$2,700 |
| Condo Fee | −$11,616 |
| Annual NOI | $3,529 |
| Cap Rate | 0.6% |
Cash Required to Close
| Down Payment (20%) | $117,980 |
| Ontario Land Transfer Tax | $8,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $129,253 |
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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