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New2 hours ago

2005 - 510 Curran Place

Creditview, Mississauga

$489,000

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

ATTENTION INVESTORS! Turnkey investment opportunity in the heart of Mississauga City Centre with a newly placed tenant already in place, offering immediate rental income from day one of ownership! No vacancy period and no need to search for a tenant - simply take ownership and begin collecting rent. Currently leased at $2,250/month, with utilities paid by the tenant. The tenant has expressed an interest in long-term occupancy. This bright and spacious 1 Bedroom + Den suite at the sought-after PSV II features a highly functional open-concept layout, 9-ft ceilings, crown moulding and plenty of natural light. The modern kitchen features granite countertops and stainless steel appliances, while the versatile den is ideal as a home office, study or additional flexible space. Freshly painted with newer laminate flooring throughout. One underground parking space and one owned locker are included. Enjoy an exceptional City Centre location just steps to Square One, Celebration Square, Sheridan College, restaurants, entertainment, parks and public transit, with convenient access to major highways. Residents enjoy an impressive array of building amenities including 24-hour concierge, indoor pool, fitness center, sauna, guest suites and party/meeting rooms. An excellent opportunity to acquire a well-located, income-producing condo with an established tenant and immediate rental income. An ideal addition to an investment portfolio!

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Milad Momtaz Azad
Milad Momtaz Azad
(647) 510-8858
Julian Kashani
Julian Kashani
(416) 837-7775
TypeCondo Apartment
StyleMulti-Level
Approx. AgeNot available
Size600-699 sq. ft.
Maintenance Fees$489
LockerOwned
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,781
mls© NumberW13777340
Listed ByRed And White Realty Inc
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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Could you afford this home?

What the bank counts

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

Mortgage, tested at 6%
$2,503
Property tax
$232
Heat allowance
$150
Condo fees, half counted
$244
Housing costs
$3,129 / mo

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

Down payment20% · $97,800
25-yr amortization

Income needed

$96,000

gross annual household income

Payment at 4%
$2,058 / mo
Cash down
$97,800

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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