50 Absolute Avenue PH3, Mississauga

$899,000
50 Absolute Avenue PH3

$899,000

New
17d
Condo ApartmentApartment

50 Absolute Avenue PH3, Mississauga

Total Monthly Obligation $6,393

Beds
2
Baths
3
Park
2
Sqft
1600-1799
DOM
17d
Score
14
Yield
5.0%
Cash on Cash
-15.0%
Cap Rate
1.3%
5Y IRR
3.9%
10Y IRR
5.6%
Property Type-Condo Apartment
MLS® Number-W13869784
Beds-2
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$9,236.28 (2026)
Maintenance-$1,796.86/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SAM MCDADI REAL ESTATE INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-City Centre
Title-Residential Condo & Other

No agent assigned

Welcome to Penthouse 3 at 50 Absolute Avenue, an exceptional residence set on the 50th floor of the iconic Marilyn Monroe Towers. Offering 1600 sqft. of interior living space and an expansive 400 sq ft. wrap-around balcony, this penthouse delivers breathtaking views stretching from Lake Ontario to the Niagara Escarpment. This 2-bedroom, 2.5-bathroom suite features a thoughtfully designed open-concept layout, seamlessly connecting the living room, dining area, and spacious kitchen - ideal for both everyday living and entertaining. The kitchen is equipped with granite countertops, built-in appliances, a double sink, tile flooring, and ample storage, combining functionality with timeless style. The primary suite is a true retreat, boasting floor-to-ceiling windows, direct balcony access, a walk-in closet, a charming desk nook, and a luxurious 4-piece ensuite complete with a freestanding tub and rainfall shower. The second bedroom mirrors the same elevated finishes, featuring floor-to-ceiling windows, balcony access, a closet, and its own 3-piece ensuite - perfect for guests or family. Additional features include a powder room, in-suite laundry, two underground parking spaces, and one locker for added convenience. Residents enjoy a full suite of resort-style amenities, including concierge service, party and meeting rooms, guest suites, media room, basketball and squash courts, indoor and outdoor pools, games room, fully equipped gym, rooftop lounge with BBQs, and even a pet spa. Ideally located just steps from Square One Shopping Centre, Celebration Square, Sheridan College, restaurants, grocery stores, parks, MiWay and GO Transit, with quick access to Highways 401 and 403, this penthouse offers unparalleled convenience, connectivity, and luxury living in the heart of Mississauga.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$719,200
Land Transfer Taxes$14,455
Legal Fees (Est.)
$
Total cash required for closing$195,755

Total Monthly Obligation

$6,393/mo
Mortgage $3,626
Monthly Loss $5,439
Principal$954
Interest$2,672
Property Tax$770
Condo Fees$1,797
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
0.8%7
Cash-on-Cash
-18.8%0
5-Year IRR
1.4%4
10-Year IRR
4.4%
Returns Index
3.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$44,880/yr
NOI
$7,193/yr
Net Cash Flow
-$3,027/mo
Cash Margin
-80.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.171
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
14.3/ 100

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

Comparables

Properties near 50 Absolute Avenue PH3

Time

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Data last updated within the past 24 hours.