
17 New Port Way, Markham
Markham
$799,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE PRG REAL ESTATE
Investment Analysis
Key Facts
Type
Semi-Detached Condo
Bedrooms
3
Bathrooms
4
Days on Market
46
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,850/mo
Estimated from market price-to-rent ratios
Remarks
Beautifully refurbished 2-storey semi-detached home nestled in a charming, upscale Thornhill enclave, just steps to Bayview & Yonge. Offering approximately 1,600 sqft of bright and spacious living, this exceptional family home was professionally renovated by the builder in 2012 and showcases quality finishes throughout. Updates include roof, windows, exterior doors, kitchen, and all bathrooms, along with updated carpeting and ceramic flooring. The sun-filled, functional layout is ideal for family living and entertaining, featuring an elegant dining room overlooking the inviting living room. The second floor offers 3 generously sized bedrooms, complemented by one 4-piece bath and one 2-piece bath - perfect for a growing family. Enjoy a beautifully landscaped garden, large patio, and good size backyard - ideal for outdoor gatherings and private relaxation. Unbeatable location within walking distance to top-rated elementary and high schools, scenic ravines, and several parks. Minutes to Finch Station, the future Clark Subway Station, and Thornhill Community Centre, with convenient access to transit, shopping, and everyday amenities. A wonderful opportunity to own a well-maintained home in one of Thornhill's most desirable communities.
MississaugaInvestor.ca
17 New Port Way
Semi-Detached Condo · 3bd/4ba · ~1,500 sqft
$799,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.58%
Monthly Cash Flow
-$1,961/mo
Estimated Rent
$2,850/mo
Cash-on-Cash
-13.43%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,850 |
| Mortgage | −$3,678 |
| Property Tax | −$453 |
| Insurance | −$225 |
| Condo Fee | −$312 |
| Vacancy (5%) | −$143 |
| Cash Flow | -$1,961/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,200 |
| Vacancy (5%) | −$1,710 |
| Property Tax | −$5,433 |
| Insurance | −$2,700 |
| Condo Fee | −$3,744 |
| Annual NOI | $20,613 |
| Cap Rate | 2.58% |
Cash Required to Close
| Down Payment (20%) | $159,800 |
| Ontario Land Transfer Tax | $12,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $175,255 |
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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