15 Watergarden Drive 302, Mississauga

$499,000
15 Watergarden Drive 302

$499,000

New
17d
Condo ApartmentApartment

15 Watergarden Drive 302, Mississauga

Total Monthly Obligation $2,748

Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
17d
Score
20
Yield
5.4%
Cash on Cash
-3.5%
Cap Rate
3.8%
5Y IRR
12.8%
10Y IRR
12.4%
Property Type-Condo Apartment
MLS® Number-W13865354
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Maintenance-$535/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-MAPLE LIFE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Exterior-Concrete
Possession-TBD
Neighbourhood-Hurontario
Title-Residential Condo & Other

No agent assigned

Welcome to Gemma Condos at Pinnacle Uptown! This New Large 1 Bedroom + Den, 1 Bathroom suite offers 630 sq. ft. of thoughtfully designed, open-concept living space, complemented by a large private Terrace with unobstructed city views. Floor-to-ceiling windows flood the sun-filled living and dining area with natural light. The versatile den is ideal for a dedicated home office or reading nook, while the modern kitchen comes equipped with sleek stainless steel appliances, contemporary cabinetry, and premium finishes. Additional features include a generous primary bedroom, a pristine 4-piece bath, and convenient in-suite laundry. This unit includes 1 underground parking space and 1 locker. Residents enjoy premium building amenities, including a 24-hour concierge, state-of-the-art fitness center, and an elegant party room. Unbeatably located in Mississauga's master-planned Pinnacle Uptown community, you're steps from the upcoming Hurontario LRT, local cafes, dining, parks, and shopping. Minutes to Square One, Celebration Square, and Whole Foods, with quick access to Highways 403, 401, 407, and GO Transit for seamless commuting. *Photos from before Tenant Moved-In, and Property Tax Not Yet Assessed"

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,748/mo
Mortgage $2,013
Monthly Loss $2,218
Principal$530
Interest$1,483
Condo Fees$535
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.1%19
Cash-on-Cash
-8.1%1
5-Year IRR
9.3%31
10-Year IRR
10.1%
Returns Index
16.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$26,952/yr
NOI
$15,437/yr
Net Cash Flow
-$726/mo
Cash Margin
-32.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.648
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
28.7/ 100

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

Comparables

Properties near 15 Watergarden Drive 302

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.

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