346 Doak Lane, Newmarket
Newmarket
$845,000
Cash flow, cap rate & mortgage breakdown
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Listed by COLDWELL BANKER THE REAL ESTATE CENTRE
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
38
Price Drop
1%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,800/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 346 Doak Lane, a stylish executive townhomes tucked into the quiet High Gate enclave in Newmarket's Gorham-College Manor community. This bright, well-appointed home features an open-concept main floor with hardwood flooring, pot lights, 9ft ceilings, moulded details, and a large upgraded kitchen with granite counters, centre island, stainless steel appliances, and walkout to the rear deck & patio. The Upper level offers 3 bedrooms, including a spacious primary suite with walk-in closet and 4-piece ensuite, along with 2 bright secondary bedrooms overlooking the front of the home and also feature hardwood floors & generous closets. The finished lower lever provides flexible bonus space with direct garage access -- perfect for a family room, office, gym, or media area. Close to schools, parks, shopping, transit, and major commuter routes. A polished, low-maintenance home in a convenient east-end Newmarket location.
MississaugaInvestor.ca
346 Doak Lane
Att/Row/Townhouse · 3bd/3ba · ~1,300 sqft
$845,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.64%
Monthly Cash Flow
-$2,735/mo
Estimated Rent
$2,800/mo
Cash-on-Cash
-17.7%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,800 |
| Mortgage | −$3,889 |
| Property Tax | −$577 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$704 |
| Vacancy (5%) | −$140 |
| Cash Flow | -$2,735/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,600 |
| Vacancy (5%) | −$1,680 |
| Property Tax | −$6,929 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$8,450 |
| Annual NOI | $13,841 |
| Cap Rate | 1.64% |
Cash Required to Close
| Down Payment (20%) | $169,000 |
| Ontario Land Transfer Tax | $13,375 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $185,375 |
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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