TH#111- 220 Forum Drive, Mississauga
Hurontario · Investor guide
$599,900
Estimated Value
$589,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,050/mo
Based on Hurontario neighbourhood rental data for 3-bed Condo Townhouse
Remarks
Highly Motivated Seller, Priced To Sell!!Fantastic opportunity to own a spacious 3-bedroom, 3-bathroom townhouse in the heart of Mississauga! Enjoy the comfort of townhouse living with the convenience of condo amenities, including an outdoor pool, exercise room, party room, and more. The open-concept living, dining, and kitchen area features granite counters and a walk-out to a private balcony. The main-level primary bedroom offers a 4-piece ensuite and walk-in closet, while the lower level includes two generous bedrooms and a 4-piece bath-perfect for an in-law suite or growing family. Centrally located just minutes from Square One, Highways 403 & 401, public transit, schools, hospitals, restaurants, and the library. Includes underground parking and locker. An ideal starter home at the right price!
MississaugaInvestor.ca
TH#111- 220 Forum Drive
Condo Townhouse · 3bd/3ba · ~1,300 sqft
$599,900
Cash-Flow Report · August 3, 2026
Cap Rate
2.58%
Monthly Cash Flow
-$1,474/mo
Estimated Rent
$3,050/mo
Cash-on-Cash
-13.46%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,050 |
| Mortgage | −$2,761 |
| Property Tax | −$420 |
| Insurance | −$225 |
| Condo Fee | −$965 |
| Vacancy (5%) | −$153 |
| Cash Flow | -$1,474/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$36,600 |
| Vacancy (5%) | −$1,830 |
| Property Tax | −$5,039 |
| Insurance | −$2,700 |
| Condo Fee | −$11,580 |
| Annual NOI | $15,451 |
| Cap Rate | 2.58% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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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