388 Prince Of Wales Drive 1711, Mississauga

$489,900
388 Prince Of Wales Drive 1711

$489,900

New
2d
Condo ApartmentApartment

388 Prince Of Wales Drive 1711, Mississauga

Total Monthly Obligation $3,031

HausQ Valuation Report
Bed+Den
2+1
Baths
2
Park
1
Sqft
700-799
DOM
2d
Score
19
Yield
5.9%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.6%
Property Type-Condo Apartment
MLS® Number-W14103314
Bed+Den-2+1
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 21, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,176.67 (2026)
Maintenance-$589.69/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

Welcome to this beautiful 1-bedroom + spacious den condo with 2 full bathrooms in the heart of downtown Mississauga! The generously sized den is a separate room with French doors, offering excellent flexibility as a home office, guest room, study area or potential second bedroom. The spacious primary bedroom features an upgraded 4-piece ensuite and a large closet. Enjoy high ceilings, an upgraded kitchen with stainless steel appliances, laminate flooring and upgraded light fixtures. Step out onto your private open balcony to enjoy your morning coffee and views of downtown Mississauga. Includes 1 parking space and 1 locker, with maintenance fees covering heat and water. Location is everything! Enjoy the convenience of being approximately an 8-minute walk to Square One Shopping Centre, Sheridan College, Mississauga Central Library, Living Arts Centre and Celebration Square, approximately 10 minutes to Cineplex and 15 minutes to Square One Bus Terminal. Shopping, dining, entertainment, transit and everyday essentials are all within easy reach. A fantastic opportunity to enjoy comfortable, convenient urban living in the vibrant heart of Mississauga!

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Closing Costs

Mortgage Amount
$391,920
Land Transfer Taxes$6,273
Legal Fees (Est.)
$
Total cash required for closing$105,753

Total Monthly Obligation

$3,031/mo
Mortgage $1,976
Monthly Loss $2,511
Principal$520
Interest$1,456
Property Tax$265
Condo Fees$590
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%16
Cash-on-Cash
-9.7%1
5-Year IRR
8.2%24
10-Year IRR
9.4%
Returns Index
13.3/ 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
$29,052/yr
NOI
$13,494/yr
Net Cash Flow
-$852/mo
Cash Margin
-35.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo53
Risk Index
26.0/ 100

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

Comparables

Properties near 388 Prince Of Wales Drive 1711

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.

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Data last updated within the past 24 hours.