
625- 8323 Kennedy Road, Markham
Markham
$499,999
Cash flow, cap rate & mortgage breakdown
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Listed by SUTTON GROUP-ADMIRAL REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
143
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,800/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this beautifully updated 1-bedroom condo at THE RESIDENCES of South Unionville Square, ideally located at the sought-after intersection of Kennedy between Highway 7 and 407.At lust under 600sgft, this unit offers the perfect combination of convenience and comfort, featuring a sleek kitchen with new contemporary cabinets, stainless steel appliances, and a stunning stone backsplash that seamlessly integrates with the countertops. The open concept living and dining area boasts brand new laminate flooring, creating a warm and inviting atmosphere throughout. Step out onto your private balcony and enjoy tranquil views of the terrace-perfect for morning coffee or evening relaxation. The renovated bathroom showcases modern finishes. Newer washer and dryer. With its updated features, prime location (easy access to major highways, public transit, and nearby business hubs), the mixed-use complex features residential, office, and retail spaces, makes it ideal for both living and working. It's in a family-friendly area with top schools, parks, amenities like shopping, dining, and recreational options, and serene balcony view, this condo is an ideal opportunity for first-time buyers, downsizers, or anyone seeking a move-in-ready home. Don't miss out on this gem.
MississaugaInvestor.ca
625- 8323 Kennedy Road
Condo Apartment · 1bd/1ba · ~550 sqft
$499,999
Cash-Flow Report · August 1, 2026
Cap Rate
1.83%
Monthly Cash Flow
-$1,537/mo
Estimated Rent
$1,800/mo
Cash-on-Cash
-16.85%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,800 |
| Mortgage | −$2,301 |
| Property Tax | −$283 |
| Insurance | −$225 |
| Condo Fee | −$438 |
| Vacancy (5%) | −$90 |
| Cash Flow | -$1,537/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$21,600 |
| Vacancy (5%) | −$1,080 |
| Property Tax | −$3,400 |
| Insurance | −$2,700 |
| Condo Fee | −$5,256 |
| Annual NOI | $9,164 |
| Cap Rate | 1.83% |
Cash Required to Close
| Down Payment (20%) | $99,999.8 |
| Ontario Land Transfer Tax | $6,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,474.8 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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