188 Mill Street E 407, Brampton

$439,800
188 Mill Street E 407

$439,800

New
17d
Condo ApartmentApartment

188 Mill Street E 407, Brampton

Total Monthly Obligation $3,030

Beds
2
Baths
1
Park
1
Sqft
900-999
DOM
17d
Score
22
Yield
8.0%
Cash on Cash
0.7%
Cap Rate
4.7%
5Y IRR
16.2%
10Y IRR
15.1%
Property Type-Condo Apartment
MLS® Number-W13868570
Beds-2
Bathrooms-1
Size-900-999 sqft
Lot Size-1100 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,121.68 (2026)
Maintenance-$796.18/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Radiant (Gas)
Brokerage-HOMELIFE HEARTS REALTY INC.
Cooling-Window Unit(s)
Laundry-Yes
Fireplace-Electric, Freestanding
Pool-None
Exterior-Brick Front, Concrete
Possession-Immediate or TBA
Neighbourhood-Brampton South
Title-Residential Condo & Other

No agent assigned

Welcome To This Bright And Spacious 2-Bedroom & 2-Level Condo Offering An Ideal Blend Of Open Concept Living, Privacy And Serene Natural Views. Unique To This Property, The Unit Stretches Across The Entire Length Of The Building, Providing A Townhouse Feel With Added Space And Enhanced Layout Privacy. Upper Floor Seamlessly Connects The Living And Dining Areas To A Stunning Kitchen Designed For Both Functionality And Style. It Has A Spacious Kitchen With S/S Appliances, Pot Lights, Plenty Of Cabinetry, Has A Center Island Ideal For Everyday Living Or Entertaining Guests. Step Outside To An Open Private Balcony, Running The Entire Length Of The Unit And Overlooking A Peaceful Wooded Ravine, A Quiet Outdoor Retreat Perfect For A Morning Coffee Or Just Relaxing In The Evening. The Lower Level Features Well Proportioned 2 Bedrooms With Great Natural Light Accompanied With Added Convenience Of In-Suite Laundry. The Building Has Recently Undergone Extensive Capital Improvement With Major Interior Facelift, Updated Elevator System, Upgraded Plumbing And A Renovated Parking Garage. Situated In An Exceptional Location Just Minutes From Shopping, Dining, Parks And Public Transit, This Location Is Minutes To Everything. A Must-See! Some Photos In This Listing Have Been Virtually Staged To Show Potential Layout And Design Options.

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

Closing Costs

Mortgage Amount
$351,840
Land Transfer Taxes$5,271
Legal Fees (Est.)
$
Total cash required for closing$94,731

Total Monthly Obligation

$3,030/mo
Mortgage $1,774
Monthly Loss $2,564
Principal$467
Interest$1,307
Property Tax$260
Condo Fees$796
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-5.0%2
5-Year IRR
12.1%50
10-Year IRR
12.5%
Returns Index
26.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$35,184/yr
NOI
$16,590/yr
Net Cash Flow
-$392/mo
Cash Margin
-13.4%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.7813
LTV Ratio
80.0%18
Vacancy Buffer
3.1 mo53
Risk Index
28.1/ 100

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

Comparables

Properties near 188 Mill Street E 407

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.