385 Prince Of Wales Drive 1011, Mississauga

$585,000
385 Prince Of Wales Drive 1011

$585,000

New
10d
Condo ApartmentMulti-Level

385 Prince Of Wales Drive 1011, Mississauga

Total Monthly Obligation $3,657

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
10d
Score
17
Yield
5.6%
Cash on Cash
-6.9%
Cap Rate
3.1%
5Y IRR
10.2%
10Y IRR
10.4%
Property Type-Condo Apartment
MLS® Number-W14030648
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 13, 2026
Style-Multi-Level
Building Type-Condo Apartment
Taxes-$3,807.65 (2026)
Maintenance-$779.57/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-City Centre
Title-Residential Condo & Other

No agent assigned

Welcome to Chicago Built By Daniel in City Centre and Next to The Future LRT Station! Unit 1011 is Bright, Fresh Painted and Spacious with Approximately 860 Square Feet of Efficient Living Space. This 2 Bedroom, 2 Bathroom Suite Offers With a Functional Split-Bedroom Layout, 9 Foot Ceilings, and a Northeast-Facing that Showcases City Skyline. The Kitchen Features Granite Counters, Full-sized Stainless Steel Appliances. The Primary Bedroom Includes a Mirrored Closet and A 4-piece Ensuite. The Second Bedroom Features Large Window and Closet. The Suite also Includes an Open Balcony, One Owned Parking Space and a Locker. Chicago is a DANIEL Community Known for Its Robust Amenities and Meticulous Management. Residents Enjoy a 24 hour Concierge, Rock Climbing Wall, Fitness centre, Theatre room, Party and Dining room, Pool and Hot Tub. The building is Walking Distance to Square One Mall, Sheridan College, Living Arts Centre, Grocery and Transit. A Rare Combination of Daniel Craftsmanship, a Well-managed Community, and an Exceptional Location.

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Closing Costs

Mortgage Amount
$468,000
Land Transfer Taxes$8,175
Legal Fees (Est.)
$
Total cash required for closing$126,675

Total Monthly Obligation

$3,657/mo
Mortgage $2,360
Monthly Loss $3,036
Principal$621
Interest$1,739
Property Tax$317
Condo Fees$780
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.3%0
5-Year IRR
7.0%18
10-Year IRR
8.4%
Returns Index
10.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$32,928/yr
NOI
$14,073/yr
Net Cash Flow
-$1,187/mo
Cash Margin
-43.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo43
Risk Index
21.9/ 100

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

Comparables

Properties near 385 Prince Of Wales Drive 1011

Time

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Data last updated within the past 24 hours.