15 Elizabeth Street N 605, Mississauga

$408,450
15 Elizabeth Street N 605

$408,450

New
21d
Condo ApartmentApartment

15 Elizabeth Street N 605, Mississauga

Total Monthly Obligation $3,302

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
21d
Score
17
Yield
8.0%
Cash on Cash
-5.8%
Cap Rate
3.3%
5Y IRR
11.0%
10Y IRR
11.0%
Property Type-Condo Apartment
MLS® Number-W13856628
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,112 (2025)
Maintenance-$1,195/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Baseboard (Gas)
Brokerage-ELIXIR REAL ESTATE INC.
Cooling-Window Unit(s)
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Port Credit
Title-Residential Condo & Other

No agent assigned

This spacious 2-bedroom, 1.5-bathroom 902 sq ft unit offers an exceptional layout with abundant natural light and two private balconies featuring south and west exposures - ideal for enjoying sunsets and lake breezes. The thoughtfully designed floor plan includes a large living and dining area with walkout to balcony, perfect for entertaining or relaxing. The updated kitchen complements the space, while new laminate flooring adds a fresh, modern feel throughout. The primary bedroom offers its own private balcony and 2-piece ensuite, creating a comfortable retreat. Generously sized second bedroom, ample storage, and in-suite washer & dryer (installation approved by the Board) add everyday convenience. Parking and locker included. Unbeatable location - just steps to vibrant Port Credit Village, water front trails, parks, restaurants, shops, and the GO Station for effortless commuting. Exceptional value for the size and location. A wonderful opportunity to own in one of Mississauga's most sought-after communities.

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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$326,760
Land Transfer Taxes$4,644
Legal Fees (Est.)
$
Total cash required for closing$87,834

Total Monthly Obligation

$3,302/mo
Mortgage $1,648
Monthly Loss $2,868
Principal$434
Interest$1,214
Property Tax$259
Condo Fees$1,195
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.7%0
5-Year IRR
7.1%18
10-Year IRR
8.8%
Returns Index
10.3/ 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
$32,640/yr
NOI
$9,524/yr
Net Cash Flow
-$854/mo
Cash Margin
-31.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
23.6/ 100

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

Comparables

Properties near 15 Elizabeth Street N 605

Time

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Data last updated within the past 24 hours.