483 Faith Drive 510, Mississauga

$499,900
483 Faith Drive 510

$499,900

New
3d
Condo ApartmentApartment

483 Faith Drive 510, Mississauga

Total Monthly Obligation $3,786

Beds
2
Baths
2
Park
2
Sqft
1000-1199
DOM
3d
Score
16
Yield
6.8%
Cash on Cash
-8.5%
Cap Rate
2.7%
5Y IRR
8.9%
10Y IRR
9.4%
Property Type-Condo Apartment
MLS® Number-W14099568
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,435 (2025)
Maintenance-$1,200/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Heat Pump (Electric)
Brokerage-SOURCE 4 REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-immediate
Neighbourhood-Hurontario
Title-Residential Condo & Other

No agent assigned

Power of Sale*Beautiful 2 Bedroom, 2 Bathroom Condo For Sale With Over 1,100 Sq. Ft. Of Functional Living Space And 2 Parking Spaces. Located In The Woods End Condominium Building, This Oversized Unit Is Perfect For A Family Or Those Looking To Downsize. Featuring An Open Concept Kitchen, Living And Dining Area With Walk-Out To Balcony, Two Larger Bedrooms, Primary With Walk-In Closet And Ensuite. Building Is Surrounded By Nature, With Amenities Including Concierge, Security, Gym, Party And Meeting Room, Guest Suite And Overnight Parking. Located Within Close Proximity To Area Amenities Including Shopping, Restaurants, Schools, HWYs 401 & 403.

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

Closing Costs

Mortgage Amount
$399,920
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,953

Total Monthly Obligation

$3,786/mo
Mortgage $2,016
Monthly Loss $3,255
Principal$531
Interest$1,486
Property Tax$370
Condo Fees$1,200
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.9%11
Cash-on-Cash
-13.6%0
5-Year IRR
5.4%12
10-Year IRR
7.5%
Returns Index
7.3/ 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
$9,545/yr
Net Cash Flow
-$1,221/mo
Cash Margin
-42.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.393
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 510

Time

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Data last updated within the past 24 hours.