483 Faith Drive 203, Mississauga

$534,900
483 Faith Drive 203

$534,900

New
8d
Condo ApartmentApartment

483 Faith Drive 203, Mississauga

Total Monthly Obligation $3,813

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
8d
Score
16
Yield
6.4%
Cash on Cash
-8.2%
Cap Rate
2.8%
5Y IRR
9.1%
10Y IRR
9.6%
Property Type-Condo Apartment
MLS® Number-W14081936
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 15, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,938.2 (2026)
Maintenance-$1,127.25/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX GOLD REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Hurontario
Title-Residential Condo & Other

No agent assigned

Amazing opportunity to own a spacious 2 Bedroom / 2 Bathroom Condo in a prime location of Mississauga. Located in a quiet neighborhood surrounded by matured trees & green space. Enjoy living surrounded by nature and also minutes away from major attractions like Heartland Town Center, Square One Mall, Major Highways - 401 & 403 & top rated Mississauga Schools. This Condo boasts over 1000 sq ft of total living space. Spacious Chef's Kitchen w/ Center island, Granite Counters, Backsplash & S/S appliances. Living & Dining w/ Hardwood Floors, California Shutters & Crown Molding. Enclosed Balcony to enjoy 4 Seasons. Huge Primary bedroom w/ 4pc ensuite (w/ Jacuzzi tub & standing shower) & closet. Spacious 2nd Bedroom w/ laminate flooring, closet & window. 2nd full 4pc washroom. Close to all amenities & Major Highways. Building has underground parking, concierge / security, exercise room & gym. New Plumbing installed for the unit in 2024.

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

Closing Costs

Mortgage Amount
$427,920
Land Transfer Taxes$7,173
Legal Fees (Est.)
$
Total cash required for closing$115,653

Total Monthly Obligation

$3,813/mo
Mortgage $2,158
Monthly Loss $3,245
Principal$568
Interest$1,590
Property Tax$328
Condo Fees$1,127
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.0%0
5-Year IRR
5.8%14
10-Year IRR
7.7%
Returns Index
8.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$34,200/yr
NOI
$10,915/yr
Net Cash Flow
-$1,248/mo
Cash Margin
-43.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.424
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
20.8/ 100

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

Comparables

Properties near 483 Faith Drive 203

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.