223 Webb Drive 3101, Mississauga

$550,000
223 Webb Drive 3101

$550,000

New
9d
Condo Apartment1 Storey/Apt

223 Webb Drive 3101, Mississauga

Total Monthly Obligation $3,583

Bed+Den
2+1
Baths
2
Park
1
Sqft
800-899
DOM
9d
Score
17
Yield
5.8%
Cash on Cash
-7.7%
Cap Rate
2.9%
5Y IRR
9.6%
10Y IRR
9.9%
Property Type-Condo Apartment
MLS® Number-W14083008
Bed+Den-2+1
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 14, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,864.47 (2026)
Maintenance-$842.36/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-City Centre
Title-Residential Condo & Other

No agent assigned

Experience loft living in style, with soaring 18-ft ceilings and massive windows which flood the space with natural light and showcase breathtaking NW views of Square One, Mississauga. Welcome to unit 3101 - this unit's open-concept layout features a sleek modern kitchen with a breakfast bar, a spacious living room perfect for entertaining, and a versatile den ideal for a home office or play space. Enjoy the convenience of two bathrooms, newer flooring, and a private second-floor retreat with a large primary bedroom with floor to ceiling windows, walk-in closet, and an upgraded ensuite. This is downtown condo living at its absolute finest. Bonus: heat and water included in the condo fees, and new automated blinds. Includes: 1 parking & 1 locker.

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

Closing Costs

Mortgage Amount
$440,000
Land Transfer Taxes$7,475
Legal Fees (Est.)
$
Total cash required for closing$118,975

Total Monthly Obligation

$3,583/mo
Mortgage $2,219
Monthly Loss $2,999
Principal$584
Interest$1,635
Property Tax$322
Condo Fees$842
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.2%0
5-Year IRR
6.3%15
10-Year IRR
8.0%
Returns Index
8.9/ 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
$31,680/yr
NOI
$12,139/yr
Net Cash Flow
-$1,207/mo
Cash Margin
-45.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.0/ 100

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

Comparables

Properties near 223 Webb Drive 3101

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.