220 Missinnihe Way 1009, Mississauga

$699,000
220 Missinnihe Way 1009

$699,000

New
17d
Condo ApartmentApartment

220 Missinnihe Way 1009, Mississauga

Total Monthly Obligation $3,975

Bed+Den
3+1
Baths
2
Park
0
Sqft
700-799
DOM
17d
Score
17
Yield
4.9%
Cash on Cash
-7.3%
Cap Rate
3.0%
5Y IRR
9.9%
10Y IRR
10.1%
Property Type-Condo Apartment
MLS® Number-W13872196
Bed+Den-3+1
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 6, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Taxes-$4,493 (2026)
Maintenance-$580.62/mo
Locker-Owned
Parking-Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-HOMELIFE LANDMARK REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-30-59 days
Neighbourhood-Port Credit
Title-Residential Condo & Other

No agent assigned

Experience lakeside living at Brightwater II in the heart of Port Credit! This beautiful 2-bedroom plus den, 2-bathroom suite offers stunning views of Lake Ontario and the Toronto skyline, creating an exceptional backdrop for everyday living.Floor-to-ceiling windows bring in abundant natural light and showcase the lake views, while the open-concept living and dining area provides an inviting setting for relaxing and entertaining. A versatile den provides valuable additional space for a home office, reading nook, or study area. Step onto your private balcony to enjoy morning coffee, and take in the beautiful waterfront views. With two bedrooms and two bathrooms, this thoughtfully arranged suite combines everyday comfort with the convenience of condominium living.Enjoy shops and everyday essentials just steps away, including Farm Boy, LCBO, BMO, and Rexall, along with the restaurants, cafés, boutiques, and arts scene that make Port Credit such a vibrant place to call home. Explore nearby waterfront trails and parks, enjoy dining by the lake, and stay connected with convenient access to local transit and Port Credit GO Station.A wonderful opportunity to own in Brightwater's waterfront community, where modern living, scenic surroundings, and neighbourhood convenience come together.

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

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,975/mo
Mortgage $2,820
Monthly Loss $3,233
Principal$742
Interest$2,078
Property Tax$374
Condo Fees$581
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.3%0
5-Year IRR
6.9%18
10-Year IRR
8.3%
Returns Index
10.2/ 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
$34,200/yr
NOI
$16,920/yr
Net Cash Flow
-$1,410/mo
Cash Margin
-49.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.505
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
20.6/ 100

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

Comparables

Properties near 220 Missinnihe Way 1009

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.