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New2 hours ago

610 - 3900 Confederation Parkway

City Centre, Mississauga

$299,000

Condo Apartment |
1 | 1 | 0 | 1
About this home

Prime turn key investment opportunity at M City in Downtown Mississauga! This 1 bedroom condo comes fully tenanted and professionally managed, delivering immediate, hassle free rental income from day one. Designed to maximize tenant retention and rental yields, the unit features a high demand open concept layout, stainless steel appliances, in suite laundry, and a spacious balcony with sweeping city views. Tenants enjoy resort style amenities including an outdoor saltwater pool, rooftop terrace, winter skating rink, steam room, yoga studio, and games room. Perfectly positioned for long-term capital appreciation, it is steps from Square One, Sheridan College, Living Arts Centre, Central Library, YMCA, and major transit hubs, with seamless access to Highways 403 and QEW.

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agent
Mahta Nourbakhsh
(416) 953-9580
TypeCondo Apartment
StyleApartment
Approx. Age0-5
Size0-499 sq. ft.
Maintenance Fees$347
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeNone
Parking Spaces0
Parking FeaturesNone
Property Tax$2,412
mls© NumberW13844596
Listed ByROYAL LEPAGE SIGNATURE REALTY
Common Elements Included
Building Insurance Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$1,530
Property tax
$201
Heat allowance
$150
Condo fees, half counted
$174
Housing costs
$2,055 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $59,800
25-yr amortization

Income needed

$63,000

gross annual household income

Payment at 4%
$1,258 / mo
Cash down
$59,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Values and trends

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