220 Forum Drive 1405, Mississauga

$510,000
220 Forum Drive 1405

$510,000

New
3d
Condo ApartmentApartment

220 Forum Drive 1405, Mississauga

Total Monthly Obligation $3,135

Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
3d
Score
19
Yield
6.0%
Cash on Cash
-4.5%
Cap Rate
3.6%
5Y IRR
12.0%
10Y IRR
11.8%
Property Type-Condo Apartment
MLS® Number-W14099202
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,980.85 (2026)
Maintenance-$629.34/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ESCARPMENT REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stucco (Plaster)
Possession-TBD
Neighbourhood-Hurontario
Title-Residential Condo & Other

No agent assigned

Welcome to Tuscany Gates, an exceptionally managed and well-maintained condominium offering a unique residential setting in the heart of Mississauga! This bright and spacious 2-bedroom suite offers approximately 760 sq. ft. of functional living space, featuring hardwood flooring, an open-concept kitchen with granite countertops, tile backsplash (2026) and breakfast bar, plus a generous living area with walkout to a private balcony. Enjoy desirable southwest exposure, an abundance of natural light and incredible sunset views! What truly sets Tuscany Gates apart is its location. Unlike many condominium developments surrounded by densely clustered high-rises, this standalone building enjoys a more open, residential setting, offering a sense of space and separation while remaining close to everything Mississauga has to offer. Residents enjoy an excellent selection of amenities, including an outdoor pool and patio, children's playground, community BBQ area, fitness centre, party room, billiards and games room, along with ample visitor parking (both above and underground) for added convenience. Conveniently located just minutes from Square One Shopping Centre, grocery stores, restaurants, parks, public transit and major highways including the 403, 401 and 410. An exceptional opportunity to enjoy comfortable condo living in a well-established community that combines a peaceful residential atmosphere with outstanding everyday convenience!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$408,000
Land Transfer Taxes$6,675
Legal Fees (Est.)
$
Total cash required for closing$110,175

Total Monthly Obligation

$3,135/mo
Mortgage $2,057
Monthly Loss $2,594
Principal$541
Interest$1,516
Property Tax$248
Condo Fees$629
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.3%1
5-Year IRR
8.5%26
10-Year IRR
9.6%
Returns Index
14.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$30,456/yr
NOI
$14,477/yr
Net Cash Flow
-$851/mo
Cash Margin
-33.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo51
Risk Index
25.4/ 100

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

Comparables

Properties near 220 Forum Drive 1405

Time

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