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Investment signal

$514,900

619 - 1000 CEDARGLEN GATE

Save this home

Beds

2

Baths

2

Sqft

Year

Type

Single Family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Mississauga (Erindale). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

SELLER BONUS ON CLOSING: 12 MONTHS MAINTENANCE FEES PAID ON A MUTUALLY APPROVED DEAL. We know that investing in real estate can be expensive; however, we have a solution--How does 1 year of MAINTENANCE FEES sound? On a mutually accepted agreement, our client will pay up to 1 year of equivalent maintenance fees credited to the Buyer on closing. As an end-user buyer, this extra cash will help in so many ways. If you are an investor looking for a highly rentable unit in Mississauga, this rebate allows you to "cash flow" this property over 6years. This building and unit is a highly desirable and affordable south-facing and renovated 2-bedroom suite located in the Cedarglen Gate Community. Enjoy all the benefits of a turnkey home or purchase as an investment in this highly rentable area (U of T medical school is nearby). Fully unobstructed with amazing park views from every window and balcony this 2 bedroom, 2 bathroom suite has the following amazingfeatures: renovated open concept living/dining and kitchen area, centre island overlooking the living room, stone counters with stainless steelappliances, wood burning fireplace, updated laminate floors, 2 balconies, updated (last 2 years) hvac units, all new trim and paint, updated lightfixtures and window coverings. Centrally located near Dundas and Mavis, this complex has everything at your doorstep - parks with walking trails, nearby shopping, excellent transit options, and great schools. (id:65958)

Subtype
Single Family
Structure
Apartment
Community
Erindale
Common interest
Condo/Strata
Bedrooms
2 above grade
Parking
1 total
Condo/HOA fee
$1,006.45 monthly
Fireplace
Yes
On market
Apr 24, 2026
Status changed
Apr 24, 2026
Annual tax
$2,532.97
Photos
23
MLS#
W13040184
Area
MISSISSAUGA_(ERINDALE)

Features and systems

Parking

GarageUnderground

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryerMicrowaveHood FanWindow Coverings

Heating

Heat PumpElectric

Cooling

Wall unit

Exterior

Brick

Flooring

Laminate

Lot

Balcony

Community

Pets Allowed With Restrictions

Fee includes

Common Area MaintenanceCable TVWaterInsuranceParking
Negative cash flow ~$601/mo at these assumptions

Cash on cash

-7.00%

Cap rate

3.46%

GRM

16.7

Break-even rent

$3,207

Financing

Down payment$102,980
Loan amount$411,920
Mortgage$2,087/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$236
Insurance$80
Maintenance$429
CapEx reserve$215
Vacancy loss$129

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Mortgage estimate

Estimated $2,087/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 24, 2026.

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