70 Absolute Avenue 1405, Mississauga

$398,000
70 Absolute Avenue 1405

$398,000

New
7d
Condo ApartmentApartment

70 Absolute Avenue 1405, Mississauga

Total Monthly Obligation $2,802

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
7d
Score
19
Yield
6.9%
Cash on Cash
-4.9%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.6%
Property Type-Condo Apartment
MLS® Number-W14088008
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$3,057.01 (2026)
Maintenance-$741.94/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-City Centre
Title-Residential Condo & Other

No agent assigned

Located in the heart of downtown Mississauga, this bright and spacious 1-bedroom plus den unit will truly impress! Featuring 9-foot ceilings throughout, a renovated kitchen with granite counters, a breakfast bar, under mount black sink, & newer appliances. New laminate flooring, modern lighting, a large primary bedroom plus a versatile den that can double as a second bedroom or office with a built in wardrobe closet. Enjoy access to the 30,000 sq. ft. recreation building which includes a full gym, indoor/outdoor pools, spa, theater, basketball, and squash courts, with Square One and transit right at your doorstep. You will not be disappointed!

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

Closing Costs

Mortgage Amount
$318,400
Land Transfer Taxes$4,445
Legal Fees (Est.)
$
Total cash required for closing$85,545

Total Monthly Obligation

$2,802/mo
Mortgage $1,605
Monthly Loss $2,380
Principal$422
Interest$1,183
Property Tax$255
Condo Fees$742
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.4%1
5-Year IRR
7.8%22
10-Year IRR
9.2%
Returns Index
12.2/ 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
$27,456/yr
NOI
$10,350/yr
Net Cash Flow
-$743/mo
Cash Margin
-32.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.545
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
27.4/ 100

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

Comparables

Properties near 70 Absolute Avenue 1405

Time

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Data last updated within the past 24 hours.