53 Southdale Drive, Markham
Markham
$1,299,000
Cash flow, cap rate & mortgage breakdown
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Listed by JDL REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
52
Price Drop
2%
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Spacious & Move-In Ready 4-Level Backsplit in a Family-Friendly Neighbourhood! This beautifully maintained home features 4 bedrooms, 4 bathrooms (2 ensuites), and a bright open-concept layout. Enjoy the legal all-season sunroom (built with permits) complete with heating & cooling - perfect year-round. The updated kitchen showcases KraftMaid cherry wood cabinetry, quartz countertops, and premium stainless steel appliances. All bathrooms have been renovated with granite/marble countertops and porcelain tiles. Finished basement apartment provides excellent rental income potential - ideal for multi-generational living or investors. Steps to top-rated schools, parks, shopping, transit, and all amenities. A rare opportunity that combines comfort, flexibility, and income!
MississaugaInvestor.ca
53 Southdale Drive
Detached · 4bd/4ba · ~1,750 sqft
$1,299,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.45%
Monthly Cash Flow
-$3,330/mo
Estimated Rent
$4,940/mo
Cash-on-Cash
-14.01%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,940 |
| Mortgage | −$5,979 |
| Property Tax | −$736 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,083 |
| Vacancy (5%) | −$247 |
| Cash Flow | -$3,330/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$59,280 |
| Vacancy (5%) | −$2,964 |
| Property Tax | −$8,833 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$12,990 |
| Annual NOI | $31,793 |
| Cap Rate | 2.45% |
Cash Required to Close
| Down Payment (20%) | $259,800 |
| Ontario Land Transfer Tax | $22,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $285,255 |
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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