365 Prince Of Wales Drive 505, Mississauga

$595,000
365 Prince Of Wales Drive 505

$595,000

New
20d
Condo ApartmentApartment

365 Prince Of Wales Drive 505, Mississauga

Total Monthly Obligation $3,713

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
20d
Score
16
Yield
5.3%
Cash on Cash
-8.3%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.5%
Property Type-Condo Apartment
MLS® Number-W13857992
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 3, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,101.39 (2026)
Maintenance-$771.55/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-CITY CENTRE REAL ESTATE LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-City Centre
Title-Residential Condo & Other

No agent assigned

2 Bedroom 2 Washroom Corner Unit, Triple Walk-Out to 2 Balconies, 1 Parking, 1 Locker on Same Floor, 10-Foot Ceiling Giving Extra Vertical Space, Ensuite Laundry, Kitchen Centre Island, Kitchen Track Lights, Vertical Blinds, Granite Counters, Very Bright With A Lot Of Natural Light, Laminate Throughout, Stainless Steel Appliances, Large Balcony With South Exposure Overlooking Downtown Mississauga With Access From Living Room And Master Bedroom, Second Private Balcony On Second Bedroom Facing West, Professionally Painted, New Light Fixtures In Washrooms, New Laminate Flooring In Bedrooms, Full Capacity Washer/Dryer, Across From Living Arts Centre/Sheridan College/3-Acres Park, Steps To Bus Terminal/Celebration Square/Square One Shopping Mall, Amazing Building Amenities with Full Size Basketball Court, Gym, Party Room, BBQ Terrace, Theatre Room, Changing Rooms, Terrace Garden, Lounge, 24 Hours Concierge

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

Closing Costs

Mortgage Amount
$476,000
Land Transfer Taxes$8,375
Legal Fees (Est.)
$
Total cash required for closing$128,875

Total Monthly Obligation

$3,713/mo
Mortgage $2,400
Monthly Loss $3,082
Principal$632
Interest$1,768
Property Tax$342
Condo Fees$772
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
6.0%14
10-Year IRR
7.7%
Returns Index
8.3/ 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
$31,584/yr
NOI
$12,666/yr
Net Cash Flow
-$1,345/mo
Cash Margin
-51.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
21.4/ 100

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

Comparables

Properties near 365 Prince Of Wales Drive 505

Time

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Data last updated within the past 24 hours.