1588 South Parade Court 23, Mississauga

$789,998
1588 South Parade Court 23

$789,998

New
21d
Condo Townhouse3-Storey

1588 South Parade Court 23, Mississauga

Total Monthly Obligation $4,295

HausQ Valuation Report
Beds
3
Baths
3
Park
1
Sqft
1600-1799
DOM
21d
Score
17
Yield
4.9%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Condo Townhouse
MLS® Number-W13858800
Beds-3
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Oct 2, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$4,612.7 (2026)
Maintenance-$524/mo
Locker-None
Parking-1 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-HOME AND BUSINESS REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-East Credit
Title-Residential Condo & Other

No agent assigned

Spacious and bright town house 3-bedroom, 3-bathroom + finished walkout basement leads to a beautiful backyard Backs Onto a Park with open-concept layout. Loaded with upgrades, pot lights, newer appliances, quartz countertop, and much more. Ideally situated within walking distance to the GO station, public transit, parks, shops, and more, this home offers the perfect blend of convenience and comfort.

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

Closing Costs

Mortgage Amount
$631,998
Land Transfer Taxes$12,275
Legal Fees (Est.)
$
Total cash required for closing$171,775

Total Monthly Obligation

$4,295/mo
Mortgage $3,187
Monthly Loss $3,456
Principal$839
Interest$2,348
Property Tax$384
Condo Fees$524
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
8.0%23
10-Year IRR
9.1%
Returns Index
12.9/ 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
$38,844/yr
NOI
$21,659/yr
Net Cash Flow
-$1,382/mo
Cash Margin
-42.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.2 mo35
Risk Index
19.9/ 100

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

Comparables

Properties near 1588 South Parade Court 23

Time

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Data last updated within the past 24 hours.