220 Missinnihe Way 1012, Mississauga

$1,150,000
220 Missinnihe Way 1012

$1,150,000

New
9d
Condo ApartmentApartment

220 Missinnihe Way 1012, Mississauga

Total Monthly Obligation $6,278

Bed+Den
3+1
Baths
2
Park
1
Sqft
900-999
DOM
9d
Score
14
Yield
3.4%
Cash on Cash
-13.2%
Cap Rate
1.7%
5Y IRR
5.3%
10Y IRR
6.6%
Property Type-Condo Apartment
MLS® Number-W14031756
Bed+Den-3+1
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$6,540 (2026)
Maintenance-$894/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-HOME STANDARDS BRICKSTONE REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-Port Credit
Title-Residential Condo & Other

No agent assigned

Welcome to the Brightwater II in Port Credit Waterfront Community! 2 Beds + Den with 985 s/f interior plus 284 s/f for 2 Balconies. Sunny South Facing Lake View Unit at the Fabulous Brightwater! Relax in the sunfilled Suite, Living room & Kitchen with the beautiful unobstructed Lake and City view. The Modern Kitchen Is Equipped With A Built-in Fridge, Dishwasher, Stainless Steel OTR Microwave, And Stove. Steps To The Waterfront Trail With Breathtaking Views of Lake Ontario Luxury Resort Style Living In The Heart Of Port Credit, Close To Highways, Shopping & Dining, Waterfront Trails, Minutes To GO Train & Public Transit System. Residence Will Benefit From A Community Shuttle Bus To The GO Train Station. BMO, Farm Boy, LCBO right in the community! Extras:

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

Closing Costs

Mortgage Amount
$920,000
Land Transfer Taxes$19,475
Legal Fees (Est.)
$
Total cash required for closing$250,975

Total Monthly Obligation

$6,278/mo
Mortgage $4,639
Monthly Loss $5,057
Principal$1,221
Interest$3,418
Property Tax$545
Condo Fees$894
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.3%9
Cash-on-Cash
-16.3%0
5-Year IRR
3.0%6
10-Year IRR
5.3%
Returns Index
4.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$39,000/yr
NOI
$15,432/yr
Net Cash Flow
-$3,353/mo
Cash Margin
-103.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.282
LTV Ratio
80.0%18
Vacancy Buffer
1.6 mo24
Risk Index
14.7/ 100

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

Comparables

Properties near 220 Missinnihe Way 1012

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.