385 PRINCE OF WALES Drive 2304, Mississauga

$545,000
385 PRINCE OF WALES Drive 2304

$545,000

New
25d
Condo ApartmentApartment

385 PRINCE OF WALES Drive 2304, Mississauga

Total Monthly Obligation $3,326

Bed+Den
2+1
Baths
2
Park
1
Sqft
700-799
DOM
25d
Score
17
Yield
5.1%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Condo Apartment
MLS® Number-W13837630
Bed+Den-2+1
Bathrooms-2
Size-700-799 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$3,361.62 (2026)
Maintenance-$647.49/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-60-89 days
Neighbourhood-City Centre
Title-Residential Condo & Other

No agent assigned

Set within the boutique-style Chicago Tower in the heart of Mississauga City Centre, this beautifully appointed 1-bedroom-plus-den suite delivers elevated urban living with exceptional everyday convenience. Thoughtfully designed with soaring 9-foot ceilings, the residence features a bright, open-concept layout that feels airy and inviting. A standout advantage is the rare convenience of two full bathrooms, providing added comfort and flexibility for owners and guests. The contemporary kitchen is finished with granite counters, stainless-steel appliances, and a breakfast bar that flows seamlessly into the principal living space-ideal for daily living and effortless entertaining.The generously sized bedroom is bathed in natural light and includes double sliding closet doors, complemented by a private 4-piece ensuite. A separate den offers valuable versatility as a home office, reading room, or guest space. The suite also includes one parking space and a locker conveniently located on the same floor. Residents enjoy an impressive collection of lifestyle amenities, including a rooftop BBQ terrace, indoor pool, fully equipped gym, rock-climbing wall, golf simulator, steam room, media room, theatre, party room, and 24-hour concierge. Rabba Supermarket and additional retail are located at ground level, with a wide selection of restaurants just steps away.Ideally situated steps from Square One, Celebration Square, the Living Arts Centre, Sheridan College, the Central Library, theatres, and transit, this address offers an easy commute with a short walk to MiWay, GO Transit, and the upcoming LRT, plus quick access to Highways 403, 401, and 407. Stylish, connected, and exceptionally well-situated-this is refined city living with everyday convenience right at your doorstep. Rock climbing wall.

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Closing Costs

Mortgage Amount
$436,000
Land Transfer Taxes$7,375
Legal Fees (Est.)
$
Total cash required for closing$117,875

Total Monthly Obligation

$3,326/mo
Mortgage $2,198
Monthly Loss $2,748
Principal$579
Interest$1,620
Property Tax$280
Condo Fees$647
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.5%0
5-Year IRR
6.0%14
10-Year IRR
7.7%
Returns Index
8.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$28,032/yr
NOI
$11,697/yr
Net Cash Flow
-$1,224/mo
Cash Margin
-52.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
23.4/ 100

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

Comparables

Properties near 385 PRINCE OF WALES Drive 2304

Time

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