No photos available
Investment signal

$499,999

1512 - 75 KING STREET E

Beds

2

Baths

2

Sqft

Year

About this home

Welcome to the highly sought-after King Gardens. This bright corner 2-bedroom residence offers a thoughtfully designed open-concept layout, maximizing space, natural light, and functionality. An ideal home for those seeking comfort, convenience, and effortless living.Perfectly situated near all major amenities, including Mississauga Hospital, top-rated schools (public, private, and secondary), community centres, parks, shopping, and dining. Enjoy quick access to Highways 403, QEW, and 401, along with nearby GO Transit and TTC connections for seamless commuting.Maintenance fees include all utilities and services: heat, hydro, water, cable TV, internet, central air conditioning, building insurance, parking, and common elements. The is a great investment property with great tenants. (id:65958)

Subtype
Single Family
MLS#
W12994172
Area
MISSISSAUGA_(COOKSVILLE)
Negative cash flow ~$1,013/mo at these assumptions

Cash on cash

-12.16%

Cap rate

3.46%

GRM

16.7

Break-even rent

$3,566

Financing

Down payment$100,000
Loan amount$399,999
Mortgage$2,454/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$229
Insurance$80
Maintenance$417
CapEx reserve$208
Vacancy loss$125

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 $2,454/mo at 5.49% with 20% down, 25-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 14, 2026.

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