223 Webb Drive 2802, Mississauga

$689,000
223 Webb Drive 2802

$689,000

New
22d
Condo ApartmentApartment

223 Webb Drive 2802, Mississauga

Total Monthly Obligation $4,334

Bed+Den
3+1
Baths
2
Park
1
Sqft
1000-1199
DOM
22d
Score
15
Yield
4.8%
Cash on Cash
-10.8%
Cap Rate
2.3%
5Y IRR
7.1%
10Y IRR
8.0%
Property Type-Condo Apartment
MLS® Number-W13848782
Bed+Den-3+1
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$4,275.45 (2026)
Maintenance-$998.48/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-60/90
Neighbourhood-City Centre
Title-Residential Condo & Other

No agent assigned

Located in the heart of Missisauga, this beautiful corner condo unit bright and spacious 2-bedroom plus a den suite is a luxurious living. Open concept with 9 feet ceiling high, floor to ceiling windows, dark kitchen cabinets and pantry for extra storage, sunny South East facing with spectacular views of Lake Ontario and skyline of the city. Walk to City Hall, Square One shopping Center, the Central Library, Celebration Square, Living Arts Center, Sheridan College, Theater, restaurants, public and go transit, ...Easy access to everything you need, minutes to highway 403, 401, 410 and the QEW.

$
$
%
%
$
$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$551,200
Land Transfer Taxes$10,255
Legal Fees (Est.)
$
Total cash required for closing$149,555

Total Monthly Obligation

$4,334/mo
Mortgage $2,779
Monthly Loss $3,603
Principal$731
Interest$2,048
Property Tax$356
Condo Fees$998
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.7%10
Cash-on-Cash
-14.8%0
5-Year IRR
4.3%9
10-Year IRR
6.4%
Returns Index
5.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$33,384/yr
NOI
$11,388/yr
Net Cash Flow
-$1,830/mo
Cash Margin
-65.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.343
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
18.7/ 100

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

Comparables

Properties near 223 Webb Drive 2802

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.