1708- 4633 Glen Erin Drive, Mississauga
Central Erin Mills · Investor guide
$639,000
Estimated Value
$530,000
Based on neighbourhood averages
Cash flow, cap rate & mortgage breakdown
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Listed by WEALTHPOWER 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
$2,650/mo
Based on Central Erin Mills neighbourhood rental data for 2-bed Condo Apartment
Remarks
This high-floor South-East corner unit at 4633 Glen Erin Dr features a massive wrap-around balcony with 270 panoramic views of Lake Ontario, the City Centre, and the Toronto Skyline. Enjoy breathtaking sunrises and sunsets.Inside, enjoy over 850 sq. ft. of open-concept living with 9-ft ceilings, upgraded laminate floors, a modern kitchen with stone counters and stainless steel appliances, two bedrooms, and two bathrooms with upgraded black fixtures. Steps to Erin Mills Town Centre, Credit Valley Hospital, transit, highways, and top-rated schools. Includes 1 OWNED Parking & 1 Locker.
MississaugaInvestor.ca
1708- 4633 Glen Erin Drive
Condo Apartment · 2bd/2ba · ~850 sqft
$639,000
Cash-Flow Report · August 3, 2026
Cap Rate
1.98%
Monthly Cash Flow
-$1,887/mo
Estimated Rent
$2,650/mo
Cash-on-Cash
-16.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,650 |
| Mortgage | −$2,941 |
| Property Tax | −$447 |
| Insurance | −$225 |
| Condo Fee | −$791 |
| Vacancy (5%) | −$133 |
| Cash Flow | -$1,887/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$31,800 |
| Vacancy (5%) | −$1,590 |
| Property Tax | −$5,368 |
| Insurance | −$2,700 |
| Condo Fee | −$9,492 |
| Annual NOI | $12,650 |
| Cap Rate | 1.98% |
Cash Required to Close
| Down Payment (20%) | $127,800 |
| Ontario Land Transfer Tax | $9,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $140,055 |
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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