Renovated 3+1 condo townhouse minutes from Clarkson GO, turnkey for income at moderate leverage
A move-in-ready 1,500 sq ft condo townhouse in Clarkson listed at $598,000, with an estimated 4.17% cap rate and roughly $3,250 monthly rent. Cash flow turns positive at the 50% down scenario, making it suitable for lower-leverage income investors.
Anatoli Chtcherbatov
Analyst · Sutton Group Admiral Realty
List price
$598,000
Cap rate
+4.17%
Est. monthly rent
$3,250
Source: comparables_widened
CF at 50% down
+$334/mo
first positive
Cash-on-cash
+1.26%
at 50% down
Section · Why this passed our floor
Where the income story is solid
Cap rate
4.17% — at or above our 4.0% cash-flow tier floor.
Breakeven leverage
50% down to clear neutral monthly carry. Below that the property runs negative; above it the carry compounds.
Rent backed by
Estimate sourced from city-wide comparables.
Every property published on 6Yield clears a multi-stage screen — universal financial floor, per-tier quality gate, and an editorial review on listing evidence. These bullets summarize the specific facts that cleared this property’s tier. Estimates only; not financial advice.
Section · Financial Reality
Five ways to buy. The math, side by side.
Each column shows the actual monthly cash flow and cash-on-cash return at that leverage. Click a column for the full breakdown.
Acquisition
| Down payment | $209,300 |
| Mortgage principal | $388,700 |
| Land transfer tax | $8,970 |
| Closing costs | $8,970 |
| Total acquisition | $227,240 |
Monthly cash flow
| Estimated rent | +$3,250 |
| Operating expenses | -$1,170 |
| Mortgage payment | -$2,270 |
| Net cash flow | -$190/mo |
Expense breakdown
| Property tax | $0/mo |
| Vacancy allowance | $163/mo |
| Maintenance reserve | $498/mo |
| Insurance | $249/mo |
| Property management | $260/mo |
Calculated at 4.99% mortgage over 25 years. Rent estimated from comparable rentals (n=19).
Breakeven
This property turns cash-flow positive at 40.4% down.
Run your own scenario
Move the assumptions. See the math live.
Live result
All figures are estimates only and do not constitute financial advice. The sliders use the same math as the locked five-scenario calculator; only assumptions change. Total acquisition includes the down payment, land transfer tax ($8,970), and closing costs ($8,970).
Section · Investment Thesis
Why this property.
This unit fits a cash-flow oriented buyer who can deploy meaningful equity and wants a turnkey hold in a Mississauga commuter pocket. The thesis is income, not condition: the kitchen, washrooms, flooring, and paint are already done, with over $50,000 spent on upgrades, so capex risk in years one through three is contained. At a $598,000 list and an estimated 4.17% cap rate, returns are driven by Clarkson GO commuter rent demand rather than a reno spread or a zoning catalyst.
Clarkson sits on the Lakeshore West GO line, with the listing citing roughly a 20-minute train ride to Union Station from Clarkson GO. The submarket is anchored by the QEW and Lakeshore Road corridors, Rattray Marsh Conservation Area, and Clarkson Village retail. The Clarkson GO Major Transit Station Area is one of Mississauga's designated mobility hubs under the city's official plan, which supports medium-term tenant demand from downtown Toronto commuters who price out of Port Credit and Oakville. The complex includes covered parking and two playgrounds, which keeps the tenant pool tilted toward family renters with longer average tenancies than studio or one-bedroom stock.
Recommended entry is the 50% down scenario, where estimated monthly cash flow is +$333.82 at a 1.26% cash-on-cash return; at 20% down the unit runs an estimated -$713.89 per month, so leverage sensitivity is high. Hold period is 60+ months to let GO-corridor rents reset and to amortize the standard condo townhouse closing friction. Exit options are a refinance once rents step up or a resale into the owner-occupant Clarkson family market.
Key features
- Renovated 3+1 layout with approximately 1,500 sq ft
- Over $50,000 in recent upgrades including kitchen, washrooms, flooring, and paint
- Short walk to Clarkson GO Station, approximately 20 minutes to Union Station
- Maintenance fees include internet, cable TV, phone, water, snow removal, and building insurance
- Covered parking plus visitor parking
- Two playgrounds on site, family-oriented complex
- Quick access to QEW and Lakeshore Road
Original MLS description
Great opportunity to own a renovated 3+1 condo townhouse in a convenient location near Clarkson GO Station. Over $50,000 spent on upgrades! Offering approximately 1,500 sq ft of bright, functional living space, this move-in-ready home has been freshly painted throughout and features updated laminate flooring and pot lights. The fully renovated kitchen includes new appliances, quartz countertops, new tile flooring, and a modern backsplash. The eat-in kitchen walks out to a large private balcony, perfect for morning coffee or entertaining, and includes a generous pantry for additional storage. A front patio provides even more outdoor space. Both washrooms have been updated with a clean, contemporary finish. The primary bedroom features a walk-in closet and semi-ensuite bath, along with the convenience of second-floor laundry. One covered parking space is included. Enjoy the convenience of additional visitor parking along with two well-maintained playgrounds, perfect for families with children. Maintenance fees include snow removal in the winter time, internet, building insurance, common elements, cable TV, phone and water. The townhome is located in a family-friendly community just minutes to Lake Ontario, Rattray Marsh trails, parks, top-rated schools, and Clarkson Village. Walk to grocery stores, cafes, restaurants, and everyday essentials, with quick access to Lakeshore Rd, QEW, and major amenities. Only a short walk to Clarkson GO Station, with approximately a 20-minute train ride to Union Station. Perfect for commuters, families, or investors looking for a turnkey property in a sought-after neighbourhood. (42858620)
Section · Neighborhood
Where it sits.
Clarkson
Clarkson is a mature south Mississauga neighbourhood bounded by Lake Ontario, the QEW, and the Oakville border. The Clarkson GO Station anchors the area's commuter demand, with Lakeshore West service running to Union Station in approximately 20 minutes. Rattray Marsh Conservation Area, Jack Darling Park, and the Waterfront Trail sit within a short drive, and Clarkson Village provides walkable grocery, cafe, and restaurant amenities.
The pocket trades at a discount to neighbouring Port Credit and Bronte while sharing the same GO line, which keeps tenant demand consistent for family-sized rental stock. Top-rated schools and family-oriented complexes like this one with playgrounds and visitor parking support longer tenancies.
Section · Risk
What could go wrong.
Honest framing of unknowns, assumptions, and downside scenarios.
High leverage sensitivity: estimated monthly cash flow is -$713.89 at 20% down and only turns positive at 50% down
Condo townhouse maintenance fees are bundled and subject to future increases by the condominium corporation
Rent estimate of $3,250 is sourced from widened comparables rather than direct in-complex comps
No recent sold comparables available to validate the $598,000 list price
Cap rate of 4.17% leaves limited margin if vacancy or interest rates move against the investor