
26 Outer Banks Drive, Markham
Markham
$938,800
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE FRONTIER REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
71
Price Drop
5%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,100/mo
Estimated from market price-to-rent ratios
Remarks
Nestled in the highly sought-after Cornell community and located on a quiet street, this immaculately maintained townhouse is filled with natural light! It features a soaring 9-foot ceiling on main floor with pot lights, open concept spacious living and dining area that provides an ideal space for entertaining, and a versatile bonus space ideal as a sitting/work/play area. The kitchen is adorned with sleek stone countertop, upgraded tall upper kitchen cabinets, a stylish backsplash, water filtering system & stainless steel appliances. The bright eat-in area walk out to the professionally landscaped and fully interlocked backyard that is perfect for outdoor entertaining. The 3 bedrooms upstairs are very generously sized, with large windows, closets and hardwood floor. $$$$$ spent in builder upgrades & updates - gleaming hardwood floor throughout, hardwood stairs from basement landing all the way to second floor, metal pickets, enlarged basement windows, heat pump (2023), roof shingles (2023), aluminum capped garage door frame and back door frame (2023), caulking around all windows (2023), water softener, maintenance free fencing in backyard, plywood subfloor and more. Its unbeatable location offers unparalleled convenience of daily living - walk to Viva on Ninth Line, minutes to Cornell community centre & library, Stouffville Hospital, highway 407, Cornell bus terminal, Go stations, supermarkets, stores, and the area is surrounded by parks. Top-rated schools in the area - Bill Hogarth S.S., St Joseph C.S. Don't miss your opportunity to own this gorgeous home, its thoughtfully designed layout showcases modern comfort and timeless appeal! 100% freehold, no POTL fees!
MississaugaInvestor.ca
26 Outer Banks Drive
Att/Row/Townhouse · 3bd/3ba · ~1,750 sqft
$938,800
Cash-Flow Report · July 31, 2026
Cap Rate
1.8%
Monthly Cash Flow
-$2,915/mo
Estimated Rent
$3,100/mo
Cash-on-Cash
-16.98%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,100 |
| Mortgage | −$4,321 |
| Property Tax | −$532 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$782 |
| Vacancy (5%) | −$155 |
| Cash Flow | -$2,915/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,200 |
| Vacancy (5%) | −$1,860 |
| Property Tax | −$6,384 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,388 |
| Annual NOI | $16,868 |
| Cap Rate | 1.8% |
Cash Required to Close
| Down Payment (20%) | $187,760 |
| Ontario Land Transfer Tax | $15,251 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $206,011 |
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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