519- 4600 Steeles Avenue, Markham
Markham
$489,000
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
101
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Location, Location, Location! Welcome to this stunning Northwest-facing corner unit filled with abundant natural light and featuring a spacious open balcony overlooking a quiet street. The well-maintained kitchen offers a practical layout with granite countertop, ideal for everyday living. Premium flooring adds a touch of elegance throughout the unit. Located in an unbeatable transit-oriented community, enjoy TTC at your doorstep, Milliken GO station at walking distance and quick access to Highways. Surrounded by restaurants, grocery stores, supermarkets, shopping malls, and top-ranking schools, including Milliken Mills High School. Residents benefit from 24-hour security and concierge services, offering the perfect blend of comfort, convenience, and lifestyle for families and professionals alike. Priced to Sell! Status Certificate available. Brand New Stove, Refrigerator, washer and Dryer.
MississaugaInvestor.ca
519- 4600 Steeles Avenue
Condo Apartment · 2bd/2ba · ~950 sqft
$489,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.69%
Monthly Cash Flow
-$1,562/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-17.51%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,251 |
| Property Tax | −$277 |
| Insurance | −$225 |
| Condo Fee | −$851 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,562/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,325 |
| Insurance | −$2,700 |
| Condo Fee | −$10,212 |
| Annual NOI | $8,273 |
| Cap Rate | 1.69% |
Cash Required to Close
| Down Payment (20%) | $97,800 |
| Ontario Land Transfer Tax | $6,255 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $107,055 |
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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