220 Missinnihe Way 507, Mississauga

$889,000
220 Missinnihe Way 507

$889,000

New
9d
Condo ApartmentApartment

220 Missinnihe Way 507, Mississauga

Total Monthly Obligation $5,133

Bed+Den
3+1
Baths
2
Park
2
Sqft
800-899
DOM
9d
Score
14
Yield
3.9%
Cash on Cash
-12.6%
Cap Rate
1.9%
5Y IRR
5.7%
10Y IRR
7.0%
Property Type-Condo Apartment
MLS® Number-W14032102
Bed+Den-3+1
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$5,613.57 (2026)
Maintenance-$879.31/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-Avenue Group Realty Inc.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Port Credit
Title-Residential Condo & Other

No agent assigned

**Rare Find at Brightwater II - 2 Car Parking, South Facing, Open Concept Split-Bedroom Design, Waterfront Living in Port Credit** Welcome to this exceptional 2 Bedroom + Den suite at Brightwater II, one of Port Credit's most sought-after waterfront addresses. This rarely offered unit comes with the added bonus of 2 parking spaces and a locker - a true rarity in the neighborhood. The thoughtfully designed split-bedroom layout offers privacy and flexibility, ideal for families, professionals, or downsizers alike. A south exposure and floor-to-ceiling windows throughout flood the open-concept living space with natural light all day long, while designer accent walls in the living room and both bedrooms add a stylish, contemporary touch. Laminate flooring runs throughout the suite, offering a clean, carpet-free finish that's both modern and low maintenance. The modern kitchen is a true showpiece, outfitted with high-end, built-in appliances, quartz countertops, and sleek cabinetry -perfect for everyday living and effortless entertaining. The versatile den provides the ideal space for a home office, nursery, or reading nook. Building amenities include a 24-hour concierge, fitness center, co-working lounge, party room - resort-style living right at home. Steps to the Port Credit waterfront, trails, and marina, with premium retailers just outside your door including Farm Boy, LCBO, Rexall, BMO, and Cobs Bread. Enjoy easy access to the Port Credit GO Station (with resident shuttle), the QEW, and downtown Toronto - everything you need, right at your doorstep. A rare opportunity to own a meticulously kept, move-in-ready suite in one of Mississauga's most vibrant waterfront communities. Don't miss it!

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

Closing Costs

Mortgage Amount
$711,200
Land Transfer Taxes$14,255
Legal Fees (Est.)
$
Total cash required for closing$193,555

Total Monthly Obligation

$5,133/mo
Mortgage $3,586
Monthly Loss $4,189
Principal$944
Interest$2,642
Property Tax$468
Condo Fees$879
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.4%9
Cash-on-Cash
-16.0%0
5-Year IRR
3.3%7
10-Year IRR
5.6%
Returns Index
4.6/ 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
$34,428/yr
NOI
$12,420/yr
Net Cash Flow
-$2,551/mo
Cash Margin
-88.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.292
LTV Ratio
80.0%18
Vacancy Buffer
1.9 mo29
Risk Index
16.5/ 100

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

Comparables

Properties near 220 Missinnihe Way 507

Time

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