
Ph01- 233 South Park Road, Markham
Markham
$698,888
Cash flow, cap rate & mortgage breakdown
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Listed by IREPS TORONTO REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
26
Price Drop
6%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Beautiful Penthouse 881 Sq. Ft.+ 228 Sq. Ft Balcony. Loaded with lots of recent upgrades.10Ft ceilings, Hardwood Floors through out. Upgraded Trim. Crown Mouldings. Stainless Steel appliances. Granite countertops. Extra Tall doors. Unobstructed East view, NOT facing the 407. Bright & Spacious!! Lots Of Windows. Walk Out to Huge Balcony. Leed Gold Certified Building. Residents enjoy access to outstanding building amenities, including an Indoor Swimming Pool, Sauna, Fitness Centre, Party room, and direct access to a beautiful park with Tennis courts, Basketball courts, Soccer fields, Playgrounds, Ample visitor parking. Perfectly situated in the heart of Markham, this home is just minutes from Highways 404 and 407, GO Transit, and York Region Transit, making commuting effortless and more easy access to shopping, restaurants, grocery stores, parks, medical offices, top-rated schools, and all the everyday conveniences that make this vibrant neighbourhood one of Markham's most desirable places to call home. Recent upgrades include: Complete (owned) water filtration system. Brand new kitchen sink and plumbing system. Brand new sinks and plumbing systems in guest and ensuite bathrooms. Fire Alarm and CO2 detectors. Custom window coverings on all windows. Entire balcony tiled. A rare opportunity and a must-see!
MississaugaInvestor.ca
Ph01- 233 South Park Road
Condo Apartment · 2bd/2ba · ~850 sqft
$698,888
Cash-Flow Report · July 31, 2026
Cap Rate
1.58%
Monthly Cash Flow
-$2,296/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.98%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$3,217 |
| Property Tax | −$396 |
| Insurance | −$225 |
| Condo Fee | −$738 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,296/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,752 |
| Insurance | −$2,700 |
| Condo Fee | −$8,856 |
| Annual NOI | $11,052 |
| Cap Rate | 1.58% |
Cash Required to Close
| Down Payment (20%) | $139,777.6 |
| Ontario Land Transfer Tax | $10,453 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,230.6 |
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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