705- 18 Uptown Drive, Markham
Markham
$525,000
Cash flow, cap rate & mortgage breakdown
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Listed by ONE PERCENT REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
64
Price Drop
9%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Experience luxury living in Uptown Markham at this beautiful condo by Times Group. This rare and spacious 1 Bedroom + Den features a highly functional layout, laminate flooring throughout, and a generously sized bedroom with a great closet. Enjoy the bright, open living space and step out onto the large private balcony. Perfectly located with quick access to Highways 407 and 404, and just steps to Whole Foods, banks, restaurants, shops, and the Cineplex Cinemas Markham and VIP with IMAX. Nature and recreation are nearby with a beautiful 5-acre park and the Rouge River within walking distance. Transit is incredibly convenient with Viva, YRT, and GO Transit right at your doorstep. Includes parking and locker. A fantastic opportunity to live in one of Markham's most vibrant and convenient communities.
MississaugaInvestor.ca
705- 18 Uptown Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$525,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.42%
Monthly Cash Flow
-$1,358/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-14.17%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,417 |
| Property Tax | −$298 |
| Insurance | −$225 |
| Condo Fee | −$508 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,358/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,570 |
| Insurance | −$2,700 |
| Condo Fee | −$6,096 |
| Annual NOI | $12,714 |
| Cap Rate | 2.42% |
Cash Required to Close
| Down Payment (20%) | $105,000 |
| Ontario Land Transfer Tax | $6,975 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $114,975 |
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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