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Investment signal

$499,999

1512 - 75 KING STREET E

Beds

Baths

Sqft

—

Year

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Location

See the block, not just the house.

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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
Structure: Apartment
Community: Cooksville
Common interest: Condo/Strata
Bedrooms: 2 above grade
Parking: 2 total
Condo/HOA fee: $1,330.09 monthly
On market: Apr 14, 2026
Status changed: Apr 14, 2026
Annual tax: $2,657 (2025)
Zoning: RA4-11
Photos: 30
MLS#: W12994172
Area: MISSISSAUGA_(COOKSVILLE)

Features and systems

Parking

GarageUnderground

Basement

None

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced airNatural gas

Cooling

Central air conditioning

Exterior

Brick

Flooring

TileLaminate

Lot

ElevatorBalcony

Community

Pets Allowed With Restrictions

View

City view

Pool

Indoor pool

Fee includes

Common Area MaintenanceCable TVHeatElectricityWaterInsuranceParking

Negative cash flow ~$1,013/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

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.

Lifestyle nearby

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

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.