
707 Caradonna Crescent, Newmarket
Newmarket
$669,900
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 HERITAGE GROUP LTD.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
71
Price Drop
8%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Estimated from market price-to-rent ratios
Remarks
Get your foot in the door in Armitage Village, one of Newmarket's most sought-after established communities. Located in desirable South Newmarket, this spacious condo townhome delivers the best of both worlds - the space and privacy of a traditional townhome with the ease of low-maintenance condo living. Ideal for downsizers, small families, busy professionals, and frequent travellers. Offering 1,648 sq ft, this well-designed home features 3 bedrooms, 3 bathrooms, and peaceful courtyard views. The main floor includes an eat-in kitchen with ample storage, a comfortable family room, and combined living and dining areas overlooking the courtyard. Upstairs, the primary suite features a renovated 5-piece ensuite, walk-in closet, and feature window. Two additional comfortably-sized bedrooms and a full 4-piece bathroom complete the second level. The full unspoiled basement offers excellent potential for storage, recreation, or future finishing. Notable updates include direct garage entry, updated windows, furnace (2024), central air conditioning (approx. 2023), and upgraded exterior steps, walkways, and columns (completion expected summer 2026). Enjoy carefree condo townhome living with lawn care and snow removal to your front door included in the monthly fees, along with exterior upkeep of common elements. An added advantage of condo ownership is that major exterior components such as the roof, windows, and garage door are replaced through the condominium corporation as needed, helping reduce exposure to large unexpected expenses. Ideally located just steps from shopping, Bailey Ecological Park, the Mulock Multi-Use Path, and the future Mulock Park featuring gardens, a skating trail, and AGO partnership programming. Close to Armitage Village PS, Sir William Mulock SS, public transit, Highways 404 and 400, and the future Mulock GO Station.
MississaugaInvestor.ca
707 Caradonna Crescent
Condo Townhouse · 3bd/3ba · ~1,700 sqft
$669,900
Cash-Flow Report · July 31, 2026
Cap Rate
1.84%
Monthly Cash Flow
-$2,056/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-16.8%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$3,083 |
| Property Tax | −$458 |
| Insurance | −$225 |
| Condo Fee | −$712 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$2,056/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$5,493 |
| Insurance | −$2,700 |
| Condo Fee | −$8,544 |
| Annual NOI | $12,333 |
| Cap Rate | 1.84% |
Cash Required to Close
| Down Payment (20%) | $133,980 |
| Ontario Land Transfer Tax | $9,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $146,853 |
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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