502- 7373 Kennedy Road, Markham
Markham
$499,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
119
Price Drop
4%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Conveniently located at Kennedy and Denison is this Remington built Casa Del Sol, low rise condominium apartment with 4 elevators. This freshly painted and professionally cleaned good size one bedroom plus solarium, one bathroom, one parking and one locker unit features 687sq ft (as per Mpac), laminate flooring throughout Living, Dining, Solarium and bedroom areas. Right across Denison Centre, Mins to 407 and Pacific mall, steps to public transit, shops, supermarket, banks. Great building amenities include 24 hours security, ample visitors parking, guest suites, party room, exercise room, indoor pool, and outdoor parkette.
MississaugaInvestor.ca
502- 7373 Kennedy Road
Condo Apartment · 2bd/1ba · ~650 sqft
$499,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.71%
Monthly Cash Flow
-$1,170/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-12.85%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,297 |
| Property Tax | −$283 |
| Insurance | −$225 |
| Condo Fee | −$455 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,170/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,393 |
| Insurance | −$2,700 |
| Condo Fee | −$5,460 |
| Annual NOI | $13,527 |
| Cap Rate | 2.71% |
Cash Required to Close
| Down Payment (20%) | $99,800 |
| Ontario Land Transfer Tax | $6,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,255 |
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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