5490 Glen Erin Drive 3, Mississauga

$835,000
5490 Glen Erin Drive 3

$835,000

New
21d
Condo Townhouse2-Storey

5490 Glen Erin Drive 3, Mississauga

Total Monthly Obligation $4,860

Beds
2
Baths
3
Park
1
Sqft
1800-1999
DOM
21d
Score
16
Yield
4.8%
Cash on Cash
-8.5%
Cap Rate
2.7%
5Y IRR
8.9%
10Y IRR
9.4%
Property Type-Condo Townhouse
MLS® Number-W13853644
Beds-2
Bathrooms-3
Size-1800-1999 sqft
Listed on site-Oct 2, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$6,864.66 (2026)
Maintenance-$719.35/mo
Locker-Ensuite
Parking-2 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-ROYAL LEPAGE REALTY PLUS
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-30/TBA
Neighbourhood-Central Erin Mills
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully updated residence at Enclave on the Park, set within a peaceful and desirable community offering fantastic amenities, including a private clubhouse and pool. This inviting home combines modern updates, comfortable living spaces, and thoughtful finishes throughout.The entire home has been freshly painted, creating a bright, clean, and move-in-ready atmosphere. The main floor features a recently renovated kitchen with quartz countertops, stainless steel appliances, and new tile flooring extending through the kitchen and hallway. The spacious living and dining areas provide a warm and inviting space for everyday living and entertaining, with walkout access to a beautiful deck-perfect for enjoying your morning coffee, outdoor dining, or relaxing with family and friends.The living room also features a gas fireplace, creating a cozy and welcoming ambiance. A stylish oak staircase leads to the upper level, where natural light pours in through the skylight. The second floor features new laminate flooring and offers the added convenience of two primary bedrooms, providing excellent flexibility for families, guests, or those seeking additional private living space.The finished basement features new laminate flooring and a gas fireplace, creating a warm and inviting space for family gatherings, entertaining, or relaxing.Freshly painted throughout and featuring a recently renovated kitchen, new laminate flooring on the second floor and basement, two primary bedrooms, three gas fireplaces, and a beautiful outdoor deck, this home offers a wonderful combination of comfort, style, and functionality in a fantastic community setting. Conveniently located just minutes to schools, parks, trails, public transit, grocery stores, and Erin Mills Town Centre.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$668,000
Land Transfer Taxes$13,175
Legal Fees (Est.)
$
Total cash required for closing$181,675

Total Monthly Obligation

$4,860/mo
Mortgage $3,368
Monthly Loss $3,973
Principal$886
Interest$2,482
Property Tax$572
Condo Fees$719
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.3%0
5-Year IRR
6.1%15
10-Year IRR
7.7%
Returns Index
8.6/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$40,248/yr
NOI
$18,326/yr
Net Cash Flow
-$1,841/mo
Cash Margin
-54.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.454
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo31
Risk Index
17.7/ 100

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

Comparables

Properties near 5490 Glen Erin Drive 3

Time

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Data last updated within the past 24 hours.