483 Faith Drive 402, Mississauga

$469,000
483 Faith Drive 402

$469,000

New
16d
Common Element Condo1 Storey/Apt

483 Faith Drive 402, Mississauga

Total Monthly Obligation $3,768

HausQ Valuation Report
Beds
2
Baths
2
Park
2
Sqft
1000-1199
DOM
16d
Score
16
Yield
7.6%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.7%
10Y IRR
10.0%
Property Type-Common Element Condo
MLS® Number-W13872140
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 7, 2026
Style-1 Storey/Apt
Building Type-Common Element Condo
Taxes-$4,547 (2026)
Maintenance-$1,296.78/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX PROFESSIONALS INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Stone
Possession-90+
Neighbourhood-Hurontario
Title-Residential Condo & Other

No agent assigned

Opportunity Knocks! Spacious 1,159 sqft, corner suite with peaceful northeast views overlooking the forest. This 2-bedroom, 2-bathroom unit offers generous room sizes, an open living and dining area, large windows that let in abundant natural light and a large balcony. Huge kitchen with center island and granite counters offers the perfect setting for entertaining. Condo includes 2 owned parking spaces and a locker. A rare and fantastic opportunity at this price point. Renovate, refresh and customize the suite to your own taste, with the space and layout to create something truly special, this is not your average condo. Enjoy a well-maintained building with great amenities, including guest suites, concierge, gym and party room, all in a convenient location, close to shopping at square one, transit, parks, schools and everyday amenities. **Please note some photos are virtual renderings of what the unit could look like renovated.**

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$375,200
Land Transfer Taxes$5,855
Legal Fees (Est.)
$
Total cash required for closing$101,155

Total Monthly Obligation

$3,768/mo
Mortgage $1,892
Monthly Loss $3,270
Principal$498
Interest$1,394
Property Tax$379
Condo Fees$1,297
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%12
Cash-on-Cash
-12.9%0
5-Year IRR
6.1%14
10-Year IRR
8.0%
Returns Index
8.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$35,760/yr
NOI
$9,676/yr
Net Cash Flow
-$1,086/mo
Cash Margin
-36.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.434
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo41
Risk Index
21.0/ 100

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

Comparables

Properties near 483 Faith Drive 402

Time

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Data last updated within the past 24 hours.