251 Masonry Way 201, Mississauga

$479,000
251 Masonry Way 201

$479,000

New
17d
Condo ApartmentApartment

251 Masonry Way 201, Mississauga

Total Monthly Obligation $2,749

Beds
1
Baths
1
Park
0
Sqft
500-599
DOM
17d
Score
19
Yield
5.5%
Cash on Cash
-4.4%
Cap Rate
3.6%
5Y IRR
12.1%
10Y IRR
11.8%
Property Type-Condo Apartment
MLS® Number-W13867526
Beds-1
Bathrooms-1
Size-500-599 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Taxes-$1,861 (2025)
Maintenance-$461.56/mo
Locker-Owned
Parking-None
Basement-None
Heating-Forced Air (Gas)
Brokerage-BAKER REAL ESTATE INCORPORATED
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-immediate/tba
Neighbourhood-Port Credit
Title-Residential Condo & Other

No agent assigned

Welcome to Suite 201 at The Mason in Brightwater- a rare opportunity to live in one of Mississauga's most sought-after waterfront communities. This beautifully designed 1-bedroom residence offers 564 sq. ft. of interior living space plus an impressive 283 sq. ft. private terrace, creating an expansive 847 sq. ft. total living experience with stunning south-facing views. Featuring large floor-to-ceiling windows, laminate flooring throughout, and a modern open-concept design, this suite offers a stylish and comfortable living space. The kitchen includes stainless steel integrated appliances and a spacious island that can double as a dining area. Additional features include a stackable washer and dryer and a large 4-piece bathroom. Enjoy your oversized terrace, perfect for outdoor dining, entertaining, or relaxing while taking in the views. Residents are steps from parks, trails, the waterfront, Port Credit Marina and tons of restaurants and shopping! Brightwater offers a truly walkable lifestyle with everyday conveniences at your doorstep, including Farm Boy, LCBO, Rexall, and the newly opened Mercado. PLUS a private resident- only shuttle to the Port Credit Go Station makes staying connected easy. Experience modern waterfront living surrounded by nature, amenities, and everything Port Credit has to offer. Maintenance includes locker and internet

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

Closing Costs

Mortgage Amount
$383,200
Land Transfer Taxes$6,055
Legal Fees (Est.)
$
Total cash required for closing$103,355

Total Monthly Obligation

$2,749/mo
Mortgage $1,932
Monthly Loss $2,240
Principal$508
Interest$1,424
Property Tax$155
Condo Fees$462
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%17
Cash-on-Cash
-9.2%1
5-Year IRR
8.5%26
10-Year IRR
9.6%
Returns Index
14.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$26,160/yr
NOI
$13,744/yr
Net Cash Flow
-$787/mo
Cash Margin
-36.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.597
LTV Ratio
80.0%18
Vacancy Buffer
3.5 mo60
Risk Index
28.3/ 100

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

Comparables

Properties near 251 Masonry Way 201

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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Data last updated within the past 24 hours.