
73 Manila Avenue, Markham
Markham
$1,780,000
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE TERREQUITY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
5
Days on Market
37
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Proudly offered by the original owners, this beautifully maintained & extensively upgraded detached home showcases true pride of ownership throughout, offering over 3,600 sq. ft. of finished living space in one of Markham's most sought-after communities at Kennedy Rd. & 16th Ave. Situated on a desirable no-sidewalk lot, this exceptional residence features a newly interlocked driveway with parking for up to 4 vehicles & outstanding curb appeal. The thoughtfully designed interior showcases hardwood flooring throughout the main level, upgraded broadloom on the 2nd floor, wide-plank flooring in the walk-out basement, smooth 9-ft ceilings on the main & second floors, pot lights, designer lighting, fresh paint & upgraded extra-height interior doors, creating an elegant, luxurious feel. The custom chef-inspired kitchen is the heart of the home, featuring premium Thermador appliances, gas range, built-in refrigerator, custom centre island, Caesarstone countertops, designer backsplash & gas BBQ hookup, perfectly designed for family living & effortless entertaining. The spacious second floor offers 4 generous bedrooms, including a luxurious primary retreat with spa-inspired 6-piece ensuite. A second bedroom features its own private ensuite, while a separate full bathroom service the remaining two spacious bedrooms. The prof. finished w/out basement extends the home with a stunning feature wall, custom built-in cabinetry, pot lights, large bedroom, office/den, full 4pc bath, second laundry & kitchen rough-in, ideal for multi-generational living, guests, recreation or future in-law suite potential. Enjoy the refreshed backyard with newly laid sod & seamless indoor-outdoor living from the walk-out lower level. Located within the highly coveted Pierre Elliott Trudeau H.S. district, close to parks, trails, shopping, restaurants, transit & all amenities. A rare opportunity to own a meticulously cared-for family home where quality, comfort, location & pride of ownership are evident.
MississaugaInvestor.ca
73 Manila Avenue
Detached · 6bd/5ba · ~2,750 sqft
$1,780,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.14%
Monthly Cash Flow
-$5,025/mo
Estimated Rent
$6,195/mo
Cash-on-Cash
-15.42%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$6,195 |
| Mortgage | −$8,193 |
| Property Tax | −$1,009 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,483 |
| Vacancy (5%) | −$310 |
| Cash Flow | -$5,025/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$74,340 |
| Vacancy (5%) | −$3,717 |
| Property Tax | −$12,104 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$17,800 |
| Annual NOI | $38,019 |
| Cap Rate | 2.14% |
Cash Required to Close
| Down Payment (20%) | $356,000 |
| Ontario Land Transfer Tax | $32,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $391,075 |
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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