3145 Queen Frederica Drive 608, Mississauga

$370,000
3145 Queen Frederica Drive 608

$370,000

New
29d
Condo ApartmentApartment

3145 Queen Frederica Drive 608, Mississauga

Total Monthly Obligation $2,612

Beds
2
Baths
1
Park
1
Sqft
700-799
DOM
29d
Score
25
Yield
8.7%
Cash on Cash
3.4%
Cap Rate
5.3%
5Y IRR
18.3%
10Y IRR
16.8%
Property Type-Condo Apartment
MLS® Number-W13825364
Beds-2
Bathrooms-1
Size-700-799 sqft
Listed on site-Sep 24, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,805.91 (2026)
Maintenance-$769.2/mo
Locker-Ensuite
Parking-1 - None
Basement-None
Heating-Baseboard (Electric)
Brokerage-Keller Williams Edge Realty
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Applewood
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and beautifully updated 2-bedroom condo in the family-friendly Applewood neighbourhood. Offering a functional layout and an abundance of natural light, this inviting unit features brand new flooring throughout, all new light fixtures, and new ceiling fans in both bedrooms. The renovated kitchen has been refreshed with new cabinetry, new countertops, and brand new appliances, including the fridge, oven, and dishwasher. The bathroom has also been completely redone, creating a fresh and modern space that is ready to enjoy. The spacious balcony provides a comfortable outdoor retreat, while residents also benefit from access to an outdoor swimming pool and private playground. Adding exceptional value and convenience, cable, internet, heat, hydro, and water are all included in the condo fees. Located in a welcoming community with friendly neighbours, this home is surrounded by parks, trails, schools, shopping, transit, and everyday amenities. Applewood Heights Park, Applewood Trail, and a local playground are within walking distance, while Applewood Heights Secondary School/St. Paul Secondary School and Dixie Public School/St. Thomas More Separate School are only a short drive away. Enjoy convenient access to Square One Shopping Centre, Dixie Outlet Mall, and Sherway Gardens, along with nearby restaurants, a library, places of worship, and the Mississauga Chinese Centre plaza. Dixie GO Station, the QEW, and the nearest hospital are also within a short drive, making this an ideal location for commuters, families, downsizers, or anyone seeking comfortable, low-maintenance living in a well-established neighbourhood.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$296,000
Land Transfer Taxes$4,025
Legal Fees (Est.)
$
Total cash required for closing$79,525

Total Monthly Obligation

$2,612/mo
Mortgage $1,492
Monthly Loss $2,219
Principal$393
Interest$1,100
Property Tax$150
Condo Fees$769
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.2%29
Cash-on-Cash
-2.9%4
5-Year IRR
13.7%62
10-Year IRR
13.8%
Returns Index
32.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
25/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$32,232/yr
NOI
$15,572/yr
Net Cash Flow
-$195/mo
Cash Margin
-7.3%1
Cash Flow Index
1.2/ 100
Risk Profile
Weight: 20%
DSCR
0.8718
LTV Ratio
80.0%18
Vacancy Buffer
3.6 mo63
Risk Index
32.9/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 3145 Queen Frederica Drive 608

Time

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