2980 Bur Oak Avenue, Markham
Markham
$958,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE ELITE REALTY
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
43
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 2980 Bur Oak Avenue in the highly sought-after Cornell community of Markham. This beautifully maintained freehold townhouse offers 3 bedrooms and 2.5 bathrooms, featuring 9-foot ceilings on the main floor, kitchen backsplash, hardwood flooring and upgraded baseboards throughout. The spacious primary bedroom includes a walk-in closet and a private 4-piece ensuite, providing a comfortable retreat. New interlock landscaping in both the front and rear yards enhances curb appeal while offering low-maintenance outdoor living. A detached double-car garage with garage door open is bonus for a townhouse. Ideally located just steps from Markham Stouffville Hospital, public transit, parks, and schools. Convenient access to Markham GO Station, Highway 407, and Markville Mall makes commuting and everyday amenities effortless.
MississaugaInvestor.ca
2980 Bur Oak Avenue
Att/Row/Townhouse · 3bd/3ba · ~1,750 sqft
$958,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.79%
Monthly Cash Flow
-$2,984/mo
Estimated Rent
$3,150/mo
Cash-on-Cash
-17.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,150 |
| Mortgage | −$4,410 |
| Property Tax | −$543 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$798 |
| Vacancy (5%) | −$158 |
| Cash Flow | -$2,984/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$37,800 |
| Vacancy (5%) | −$1,890 |
| Property Tax | −$6,514 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,580 |
| Annual NOI | $17,116 |
| Cap Rate | 1.79% |
Cash Required to Close
| Down Payment (20%) | $191,600 |
| Ontario Land Transfer Tax | $15,635 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $210,235 |
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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