Renovated 3+1 Clarkson townhouse, walking distance to GO Station with 20-minute Union access
A turnkey 3+1 condo townhouse in Mississauga's Clarkson neighbourhood priced at $598,000, with an estimated cap rate of 4.17% on projected rent of $3,250 per month. The property reaches positive monthly cash flow at the 50% down scenario and offers commuter-driven tenant demand from its proximity to Clarkson GO.
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
The Deal
A turnkey 3+1 condo townhouse in Mississauga's Clarkson neighbourhood priced at $598,000, with an estimated cap rate of 4.
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 |
Math by deterministic Python calculator. Rate 4.99% over 25 years. Rent source: comparables_widened (19 comps).
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 renovated condo townhouse at 189-2170 Bromsgrove Road is listed at $598,000 in Mississauga's Clarkson community, a short walk from Clarkson GO Station and approximately a 20-minute train ride to Union Station. The unit offers approximately 1,500 sq ft of recently updated living space with a renovated kitchen, updated bathrooms, second-floor laundry, and one covered parking space. Estimated monthly rent of $3,250 supports a gross annual rent of $39,000 and an estimated annual NOI of $24,960, producing an estimated cap rate of 4.17% and a gross yield of 6.52%.
Leverage sensitivity on this property is high. At 20% down ($119,600), the estimated monthly mortgage payment is $2,793.89 and estimated monthly cash flow is negative $713.89, with a cash-on-cash return of -6.23%. At 35% down ($209,300), monthly cash flow improves to an estimated negative $190.04 (-1.00% cash-on-cash), approaching breakeven. The property crosses into positive carry at 50% down ($299,000), where estimated monthly cash flow is positive $333.82 and cash-on-cash is 1.26%. At 75% down, estimated monthly cash flow reaches $1,206.91 (3.10% cash-on-cash), and an all-cash purchase produces an estimated $2,080.00 per month and 4.05% cash-on-cash.
The minimum recommended down payment for neutral or positive carry is 50%. Investors deploying less capital should expect to fund monthly shortfalls from reserves while relying on amortization paydown and any market appreciation to drive total return. The Clarkson GO catchment, ongoing GO Expansion investment, and the property's recent renovations support a longer hold horizon where rent growth and principal paydown can compound.
Suitable for cash-heavy investors and portfolio builders comfortable with a yield-oriented hold in a commuter-belt submarket. Buyers seeking immediate positive carry at minimum leverage should look elsewhere; this property rewards capital depth and patience. Marketed through Sutton Group Admiral Realty.
Key features
- 3+1 bedroom, 2-bathroom condo townhouse, approximately 1,500 sq ft
- Over $50,000 spent on recent upgrades, fully renovated kitchen with quartz counters
- Walking distance to Clarkson GO Station, ~20 minutes to Union
- Maintenance fees include internet, cable TV, phone, water, building insurance, common elements, and snow removal
- One covered parking space plus visitor parking
- Primary bedroom with walk-in closet, semi-ensuite, and second-floor laundry
- Private balcony and front patio
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 an established south Mississauga community anchored by Clarkson GO Station, one of the busiest stations on the Lakeshore West line, with approximately a 20-minute train ride to Union Station. The area draws steady tenant demand from downtown Toronto commuters and families attracted to nearby Lake Ontario shoreline, Rattray Marsh Conservation Area, and Clarkson Village amenities.
The property sits within walking distance of grocery stores, cafes, restaurants, and everyday essentials, with quick access to Lakeshore Road and the QEW. Metrolinx's ongoing GO Expansion program supports a long-term demand thesis for properties within walking distance of Lakeshore West stations.
Section · Risk
What could go wrong.
Honest framing of unknowns, assumptions, and downside scenarios.
High leverage sensitivity: negative estimated cash flow at 20% and 35% down scenarios
Condo townhouse subject to status certificate review and potential special assessments
Rent estimate derived from widened comparable set (19 comparables); actual achievable rent may vary
Property tax shown as $0 in the financial inputs; buyers should verify actual municipal tax with listing
Maintenance fee shown as $0 in the financial inputs despite listing referencing condo fees; verify actual monthly fee before underwriting
Lakeshore West commuter demand depends on continued GO service levels and downtown office activity