
638 Gagnon Place, Newmarket
Newmarket
$1,520,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON TURNKEY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
32
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$4,250/mo
Estimated from market price-to-rent ratios
Remarks
TurnKey Executive home w stunning curb appeal, inground pool & backyard retreat on 55 x 130 ft wide lot in prestigious Wyndham Estates; in Newmarket's Top-ranked School zone. This spacious residence offers approx 2,900 sf open Floorplan w 5-bedrms, 4-bathrms, plus prof finished basement; an ideal blend of comfort & functionality designed for family lifestyle. Soaring cathedral ceilings in the 2 storey foyer welcome you into a beautifully updated home featuring modern lighting, upgraded luxury vinyl plank flooring, light hardwood & staircase. Gather in the sun-filled eat-in kitchen w white quartz counters, pantry cabinetry & breakfast area overlooking the family rm w gas fireplace & views of the pool/gardens. Combined, functional living & dining rooms offer a perfect setting for quiet nights at home & easy entertaining while the main flr office provides a great work-at-home setup. Double doors lead to the impressive primary retreat w spacious 5 piece ensuite bathrm & Lrg W/I closet. 3 more spacious bedrms & additional 4 piece bathrm complete the 2nd level. The prof finished basement w 5th bedrm & 3-piece bath adds versatility w space to relax & play. Enjoy Movie nights w friends in the rec rm; an exercise rm, games rm & dedicated hockey practice area the family will love! Relax in your own private, landscaped, south-facing backyard retreat featuring an inground pool, stone patio & lounge area for alfresco dining, perennial gardens, practice putting area & space for summer gatherings, kids & family fun. A Well-Maintained Home w opportunity to add equity. Upgrades incl: LVP Flooring, Quartz Kitchen Counters, Windows, Landscaping, Saltwater Swimming Pool, Golf Practice Putting area, Potlights, 200 Amp Elec Panel & more! Surrounded by parks, trails, golf, top-ranked schools, GO Transit, T&T Supermarket & everyday amenities. Mins to Hwy 404/400. A rare opportunity to enjoy upscale family living in one of Newmarket's safest, most high-demand neighbourhoods!
MississaugaInvestor.ca
638 Gagnon Place
Detached · 5bd/4ba · ~2,750 sqft
$1,520,000
Cash-Flow Report · August 3, 2026
Cap Rate
1.19%
Monthly Cash Flow
-$5,490/mo
Estimated Rent
$4,250/mo
Cash-on-Cash
-19.73%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,250 |
| Mortgage | −$6,996 |
| Property Tax | −$1,039 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,267 |
| Vacancy (5%) | −$213 |
| Cash Flow | -$5,490/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$51,000 |
| Vacancy (5%) | −$2,550 |
| Property Tax | −$12,464 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$15,200 |
| Annual NOI | $18,086 |
| Cap Rate | 1.19% |
Cash Required to Close
| Down Payment (20%) | $304,000 |
| Ontario Land Transfer Tax | $26,875 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $333,875 |
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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