
1049 Elgin Street, Newmarket
Newmarket
$1,099,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE RCR REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
115
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,550/mo
Estimated from market price-to-rent ratios
Remarks
Solidly built four-level sidesplit with three living areas and 4 full bathrooms. The property sits on a 65 by 150 foot lot. This home offers approximately 1,894 square feet above grade and 703 square feet of finished space below grade +3 season sunroom perfect for multi-generational home or tri-plex in the making?? The main floor includes a living room with hardwood flooring and a (New)large picture window, a separate dining room also with hardwood floors, and kitchen with ceramic flooring. The upper level contains three bedrooms, including a primary bedroom with a private ensuite, and two additional spacious bedrooms and 2nd large full bath.On the in-between level, there is a family room with built-in cabinetry (potential 3rd kitchen area) as well as a full bath and walk out to large 3 season sunroom. The lower level includes a living room, kitchen, bedroom, and three-piece bathroom. In total, the home offers four bedrooms, four full bathrooms, built-in two-car garage with inside access, plus a driveway with parking for four vehicles, for a total of six parking spaces. The location provides access to nearby amenities including public transit, Costco, restaurants, Grocery Stores, quick access to Hwy 404+++
MississaugaInvestor.ca
1049 Elgin Street
Detached · 4bd/4ba · ~1,750 sqft
$1,099,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.62%
Monthly Cash Flow
-$3,579/mo
Estimated Rent
$3,550/mo
Cash-on-Cash
-17.8%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,550 |
| Mortgage | −$5,059 |
| Property Tax | −$751 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$916 |
| Vacancy (5%) | −$178 |
| Cash Flow | -$3,579/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,600 |
| Vacancy (5%) | −$2,130 |
| Property Tax | −$9,012 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,990 |
| Annual NOI | $17,768 |
| Cap Rate | 1.62% |
Cash Required to Close
| Down Payment (20%) | $219,800 |
| Ontario Land Transfer Tax | $18,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $241,255 |
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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