
308- 7811 Yonge Street, Markham
Markham
$599,900
Cash flow, cap rate & mortgage breakdown
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Listed by REALTY EXECUTIVES PRIORITY ONE LIMITED
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
51
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Thornhill Summit Condominium, a hidden gem in the heart of Thornhill. Enjoy the quietness and privacy of a condominium entrance conveniently located at the end of a cul-de-sac street. Surrounded by mature trees and beautifully landscaped grounds, this sought-after community offers peaceful living and urban convenience.This move-in-ready, southwest-facing suite offers 924 sq. ft. of thoughtfully designed living space, plus a private 73 sq. ft. balcony. Pride of ownership is evident throughout, with quality upgrades including Casa Bella Natural Oak engineered hardwood flooring, vinyl tile flooring, smooth ceilings, new baseboards and shoe mouldings, a new electrical panel with breakers, a new fan coil unit with moisture-resistant soundproofing and vibration-dampening insulation, a new thermostat, and a new combination smoke and carbon monoxide alarm. All rooms, bathrooms, entrance, and hall feature premium RHINO Sound Control insulation (FIIC 70).The functional layout features two spacious bedrooms, two bathrooms, and a bright open-concept living and dining area. The kitchen offers abundant cabinetry, generous counter space, ceramic backsplash, and a breakfast bar. An in-suite laundry room provides additional storage and convenience. The primary bedroom includes a walk-in closet and private 2-piece ensuite bath. The second bedroom is ideal for guests, a home office, or hobby space. Wooden ceilings in the ensuite and a renovated 4-piece bathroom with glass walk-in shower. Amenities include an outdoor swimming pool, fitness centre, exercise room, sauna, library and walk-out balcony overlooking the Ladies' Golf Club, billiards room, party room, visitor parking. Prime Yonge St & Centre St location, steps to transit, shopping, restaurants, banking, pharmacies, medical services, and everyday conveniences. Enjoy nearby parks, walking trails, Pomona Mills Park, the Ladies' Golf Club. Convenient access to Highways 407. * Internet is included in the maintenace fee*
MississaugaInvestor.ca
308- 7811 Yonge Street
Condo Apartment · 2bd/2ba · ~950 sqft
$599,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.89%
Monthly Cash Flow
-$2,314/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-21.12%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,761 |
| Property Tax | −$340 |
| Insurance | −$225 |
| Condo Fee | −$1,173 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$2,314/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$4,079 |
| Insurance | −$2,700 |
| Condo Fee | −$14,076 |
| Annual NOI | $5,365 |
| Cap Rate | 0.89% |
Cash Required to Close
| Down Payment (20%) | $119,980 |
| Ontario Land Transfer Tax | $8,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,453 |
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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