910- 38 Water Walk Drive, Markham
Markham
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX IMPERIAL REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
31
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Luxury meets location! Built by renowned Times Group, this immaculate 2-bed, 2-bath condo offers elite urban living. Enjoy breathtaking panoramic views from your rare double balcony. The sun-filled layout boasts soaring 9-ft ceilings and a highly coveted, completely flat ceiling design with no bulkheads throughout! Cook in style with an upgraded kitchen featuring sleek two-tone cabinetry and high-gloss uppers. The spacious primary bedroom features a private 3-pc ensuite, complemented by a large 2nd bedroom. Resort-style amenities: indoor pool, gym, games/party rooms, & rooftop garden. Unbeatable location: walk to transit, dining, banks, & parks. Mins to Hwy 404/407. Includes 1 Parking, 1 Locker, & basic Rogers Bulk Internet. Move-in ready!
MississaugaInvestor.ca
910- 38 Water Walk Drive
Condo Apartment · 2bd/2ba · ~850 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.04%
Monthly Cash Flow
-$2,029/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-15.89%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$3,217 |
| Property Tax | −$396 |
| Insurance | −$225 |
| Condo Fee | −$471 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,029/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,753 |
| Insurance | −$2,700 |
| Condo Fee | −$5,652 |
| Annual NOI | $14,255 |
| Cap Rate | 2.04% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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