753 Elgin Street, Newmarket
Newmarket
$918,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
2
Days on Market
89
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,600/mo
Estimated from market price-to-rent ratios
Remarks
Beautiful fully Upgraded Bright Main Floor Features A Beautiful, Renovated Kitchen, Ensuite Laundry & Three Spacious Bedrooms. Lower Level Apartment Has Spacious Living Area, Updated Kitchen, Ensuite Laundry & 2 large Sized Bedrooms. Great quiet Neighbourhood. Walking Distance To Schools. 1 year Canadian Home Shield SafeCloseTM Home Systems & Appliance Warranty Coverage for main floor.
MississaugaInvestor.ca
753 Elgin Street
Detached · 5bd/2ba · ~900 sqft
$918,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.36%
Monthly Cash Flow
-$2,422/mo
Estimated Rent
$3,600/mo
Cash-on-Cash
-14.43%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,600 |
| Mortgage | −$4,225 |
| Property Tax | −$627 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$765 |
| Vacancy (5%) | −$180 |
| Cash Flow | -$2,422/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$43,200 |
| Vacancy (5%) | −$2,160 |
| Property Tax | −$7,528 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,180 |
| Annual NOI | $21,632 |
| Cap Rate | 2.36% |
Cash Required to Close
| Down Payment (20%) | $183,600 |
| Ontario Land Transfer Tax | $14,835 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $201,435 |
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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