60 Absolute Avenue 504, Mississauga

$449,000
60 Absolute Avenue 504

$449,000

New
16d
Condo ApartmentApartment

60 Absolute Avenue 504, Mississauga

Total Monthly Obligation $3,220

Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
16d
Score
18
Yield
7.1%
Cash on Cash
-5.1%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Condo Apartment
MLS® Number-W13874426
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,546 (2025)
Maintenance-$913/mo
Locker-Owned
Parking-1 - Attached
Basement-None
Heating-Forced Air (Gas)
Brokerage-TEAM PANAG REAL ESTATE INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Metal/Steel Siding
Possession-TBA
Neighbourhood-City Centre
Title-Residential Condo & Other

No agent assigned

Spacious 2 Bedroom, 2 Bathroom Condo In The Heart Of Mississauga's City Centre. This Bright, Open-Concept Unit Features Approximately 800 Sq. Ft. Of Living Space, An Open Balcony With Access From The Living/Dining Areas And Both Bedrooms, Granite Countertops, Ensuite Laundry, Central Air Conditioning, 1 Owned Underground Parking Space And 1 Owned Locker. Conveniently Located Near Transit, Shopping, Restaurants And Major Highways, Including QEW And 403. An Excellent Opportunity For First-Time Buyers, Investors Or Those Looking To Enjoy The Convenience Of City Centre Living!

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

Closing Costs

Mortgage Amount
$359,200
Land Transfer Taxes$5,455
Legal Fees (Est.)
$
Total cash required for closing$96,755

Total Monthly Obligation

$3,220/mo
Mortgage $1,811
Monthly Loss $2,743
Principal$477
Interest$1,335
Property Tax$296
Condo Fees$913
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.5%1
5-Year IRR
7.8%22
10-Year IRR
9.2%
Returns Index
12.1/ 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
$31,668/yr
NOI
$11,599/yr
Net Cash Flow
-$845/mo
Cash Margin
-32.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo50
Risk Index
24.4/ 100

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

Comparables

Properties near 60 Absolute Avenue 504

Time

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Data last updated within the past 24 hours.