5305 Glen Erin Drive #2B, Mississauga

$599,000
5305 Glen Erin Drive #2B

$599,000

New
4d
Condo Townhouse2-Storey

5305 Glen Erin Drive #2B, Mississauga

Total Monthly Obligation $3,501

Beds
3
Baths
3
Park
1
Sqft
1200-1399
DOM
4d
Score
20
Yield
6.3%
Cash on Cash
-1.6%
Cap Rate
4.2%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Condo Townhouse
MLS® Number-W14093672
Beds-3
Bathrooms-3
Size-1200-1399 sqft
Listed on site-Oct 19, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$4,601.82 (2026)
Maintenance-$501.25/mo
Locker-None
Parking-1 - None
Basement-Full
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Aluminum Siding
Possession-TBA/ASAP
Neighbourhood-Central Erin Mills
Title-Residential Condo & Other

No agent assigned

Looking for a home that offers room to grow, practical living space, and a location that makes everyday life easier? This inviting three-bedroom townhome in First Place, Central Erin Mills, delivers a functional layout, thoughtful features, and the added enjoyment of a community pool. Whether you're a first-time buyer, growing family, or looking to upgrade your lifestyle, this home is an opportunity worth exploring. The welcoming entryway includes a convenient powder room, while the living and dining areas feature California shutters for a timeless, polished look. The dining area offers a walkout to the pool, creating an easy connection to outdoor enjoyment. The kitchen features new appliances and a functional layout for everyday cooking. Upstairs, three well-sized bedrooms provide comfortable spaces for the whole family. The primary bedroom features a walk-in closet with a window and semi-ensuite access to the four-piece bathroom, complete with ceramic tile finishes and a Jacuzzi tub. The additional bedrooms offer closets and windows, while a hallway linen closet provides extra storage. California shutters throughout add a consistent finishing touch. The basement extends your living space with a large carpeted family room, ideal for movie nights, a playroom, a home office, or a relaxing retreat. A separate laundry room and additional bathroom add everyday convenience. Ideally situated in Central Erin Mills, close to Erin Mills Town Centre, Credit Valley Hospital, parks, schools, public transit, and Highway 403. Enjoy the convenience of an established neighbourhood with shopping, recreation, and everyday essentials nearby. A great opportunity to own a spacious townhome in a convenient Mississauga location-make it yours!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,501/mo
Mortgage $2,416
Monthly Loss $2,865
Principal$636
Interest$1,780
Property Tax$383
Condo Fees$501
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.5%22
Cash-on-Cash
-6.2%2
5-Year IRR
10.8%41
10-Year IRR
11.4%
Returns Index
21.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$37,740/yr
NOI
$20,949/yr
Net Cash Flow
-$670/mo
Cash Margin
-21.3%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7211
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
24.6/ 100

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

Comparables

Properties near 5305 Glen Erin Drive #2B

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.