308- 8 Water Walk Drive, Markham
Markham
$578,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
62
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To Riverview At 8 Water Walk Dr. #308, A Beautifully Maintained 1+Den Suite Offering 625 Sq. Ft. Of Elegant Living Space Plus A Private 97 Sq. Ft. Balcony. Premium Underground EV Parking And A Storage Locker Are Included! Featuring 9' Ceilings And Upscale Finishes Throughout, This Bright Open-Concept Home Showcases A Modern Kitchen With Upgraded Cabinetry, Quartz Countertops, Matching Backsplash, And A Versatile Movable Island. The Enclosed Den With Glass Door And Custom Closet Organizer. A Rare And Highly Desirable Feature: Residents Enjoy Luxury Amenities Including Indoor Pool and Sauna, 24-Hour Concierge, Smart Security, Parcel Management, Fitness Centre, Lounge, Library, Rooftop BBQ Terrace, And Landscaped Outdoor Spaces. Steps To Restaurants, Shopping, Downtown Markham, GO Transit, Cineplex Cinemas, YRT/VIVA, And Minutes To Highways 404 & 407.Move In Ready Luxury With The Convenience Of EV Charging And An Unbeatable Unionville Location.
MississaugaInvestor.ca
308- 8 Water Walk Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$578,000
Cash-Flow Report · August 3, 2026
Cap Rate
2.46%
Monthly Cash Flow
-$1,477/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-14%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,660 |
| Property Tax | −$328 |
| Insurance | −$225 |
| Condo Fee | −$401 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,477/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$3,930 |
| Insurance | −$2,700 |
| Condo Fee | −$4,812 |
| Annual NOI | $14,208 |
| Cap Rate | 2.46% |
Cash Required to Close
| Down Payment (20%) | $115,600 |
| Ontario Land Transfer Tax | $8,035 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $126,635 |
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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