601 SHORELINE Drive 181, Mississauga

$699,900
601 SHORELINE Drive 181

$699,900

New
18d
Condo Townhouse2-Storey

601 SHORELINE Drive 181, Mississauga

Total Monthly Obligation $3,760

Bed+Den
3+1
Baths
3
Park
2
Sqft
1000-1199
DOM
18d
Score
18
Yield
4.8%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Condo Townhouse
MLS® Number-W13865018
Bed+Den-3+1
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Oct 5, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$4,145.79 (2026)
Maintenance-$391.6/mo
Locker-Ensuite
Parking-2 - Built-In
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-KINGSWAY REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-60 - 90 days
Neighbourhood-Cooksville
Title-Residential Condo & Other

No agent assigned

Rare, affordable & beautifully upgraded 2-storey townhome in a highly convenient Mississauga location. Ideal for first-time buyers, downsizers, or investors. This spacious, move-in-ready home features rich hardwood flooring on the main & upper levels, designer lighting & a bright open-concept living/dining area with an electric fireplace. The modern eat-in kitchen features oak cabinetry, granite counters, a stylish backsplash & stainless-steel appliances, including a stove, dishwasher & microwave (2025), plus a Samsung Smart Fridge with touchscreen (2021). Double French doors open to a covered balcony with green turf, ideal for BBQs & outdoor relaxation. Elegant staircase with oak treads & wrought-iron pickets leads to the upper level. Generous primary bedroom features a walk-in closet with organizers (2023) & private ensuite. Bright second bedroom with multiple windows is ideal as a bedroom, guest room, or home office. Both upper-level bathrooms have been beautifully renovated with porcelain tile, quartz counters, modern vanities/fixtures & a frameless glass shower in the ensuite. Finished basement offers additional recreation, office or gym space, laundry, ample storage & direct garage access. Dual front entrances & 2 parking spaces. Minutes to waterfront, trails, parks, Square One, Cooksville GO, LRT, transit, hospital, community/recreation centres, U of T Mississauga, Sheridan College, grocery stores & major retailers. Convenient access to QEW, Hwy 401 & 407.

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

Closing Costs

Mortgage Amount
$559,920
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,953

Total Monthly Obligation

$3,760/mo
Mortgage $2,823
Monthly Loss $3,017
Principal$743
Interest$2,080
Property Tax$345
Condo Fees$392
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
8.0%23
10-Year IRR
9.1%
Returns Index
12.8/ 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
$33,816/yr
NOI
$19,189/yr
Net Cash Flow
-$1,224/mo
Cash Margin
-43.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
21.9/ 100

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

Comparables

Properties near 601 SHORELINE Drive 181

Time

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