700 Constellation Drive 1407, Mississauga

$489,000
700 Constellation Drive 1407

$489,000

New
28d
Condo ApartmentApartment

700 Constellation Drive 1407, Mississauga

Total Monthly Obligation $3,543

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
28d
Score
18
Yield
7.4%
Cash on Cash
-4.1%
Cap Rate
3.7%
5Y IRR
12.3%
10Y IRR
12.0%
Property Type-Condo Apartment
MLS® Number-W13829394
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 25, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,657 (2025)
Maintenance-$1,148.68/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-iCloud Realty Ltd.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Hurontario
Title-Residential Condo & Other

No agent assigned

Bright and Spacious 2-Bedroom, 2-Bathroom Suite. Over 1,100 sqft. of Exceptional Value with All-Inclusive Maintenance Fees! Welcome to Constellation Place! Rarely offered to the market, this expansive 1,103 sqft. two-bedroom, two-bathroom suite offers the ultimate blend of comfort, style, and unbeatable convenience in the heart of Mississauga. You will enjoy breathtaking, unobstructed southeast panoramic views of the glittering city skyline, stretching all the way to downtown Toronto and the iconic CN Tower. *Desirable Split-Bedroom Layout: Designed for maximum privacy, separating the primary retreat from the second bedroom-ideal for families, downsizers, or working professionals. *Open-Concept Living & Dining: Generous living spaces seamlessly flow out to a private balcony, perfect for relaxing or entertaining while soaking in those stunning skyline views. *Spacious Eat-In Kitchen fully equipped with stainless steel appliances, elegant quartz countertops, abundant prep space, and a bright, sunlit breakfast nook. *Luxurious Primary Suite features a double closet and a private 4-piece ensuite. *Versatile Second Bedroom features direct walkout access to the private balcony. *True All-Inclusive Maintenance Fees Cover heat, hydro, water, cable TV, parking, and common elements, offering incredible peace of mind and financial predictability. Enjoy 24-hour concierge service and an incredible array of facilities, including an indoor pool, hot tub, sauna, fully equipped gym, racquetball, table tennis and squash courts, outdoor tennis/pickleball courts, a party room, guest suites, a BBQ area, a gazebo, a dedicated dogpark, and ample visitor parking. Centrally located minutes from Highways 403 and 401, Square One Shopping, Heartland Town Centre, Credit Valley Hospital, top-rated schools, parks, diverse dining, shopping, public transit, and the upcoming Hurontario LRT. A rare opportunity to own a high-floor, view-facing, spacious suite offering unmatched value!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$391,200
Land Transfer Taxes$6,255
Legal Fees (Est.)
$
Total cash required for closing$105,555

Total Monthly Obligation

$3,543/mo
Mortgage $1,972
Monthly Loss $3,024
Principal$519
Interest$1,453
Property Tax$221
Condo Fees$1,149
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.6%27
10-Year IRR
9.9%
Returns Index
14.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$36,240/yr
NOI
$13,775/yr
Net Cash Flow
-$825/mo
Cash Margin
-27.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
23.0/ 100

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

Comparables

Properties near 700 Constellation Drive 1407

Time

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