241- 28 Prince Regent Street, Markham
Markham
$560,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXCEL REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
26
Price Drop
14%
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,250/mo
Estimated from market price-to-rent ratios
Remarks
The Ideal Home For All In The Boutique Garden Court Condos! Well Designed Floor Plan Offers 2 Br, 2 Full Baths, 9 Ft Ceilings, S/S Appliances, Ensuite Laundry & Large Balcony Overlooking The Greenery Of The Courtyard. Second Bedrooms Offers A Separate Area For Perfect Work From Home Den. Full Size Kitchen Appliances, And A Large Living Space To Accommodate Any Lifestyle. Prime Cathedraltown Markham Location Just Minutes To Hwy 404, Restaurants, Shops, Transit, Grocery Stores & The Picturesque Cathedral Of The Transfiguration! **EXTRAS** S/S Fridge,S/S Dishwasher,S/S Stove,B/I Microwave. Water Softener In Primary Ensuite,All Existing Elf's & Window Coverings. 1 Locker & 1 Parking Space.Showing Requirements
MississaugaInvestor.ca
241- 28 Prince Regent Street
Condo Apartment · 2bd/2ba · ~850 sqft
$560,000
Cash-Flow Report · August 2, 2026
Cap Rate
2.12%
Monthly Cash Flow
-$1,589/mo
Estimated Rent
$2,250/mo
Cash-on-Cash
-15.54%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,250 |
| Mortgage | −$2,578 |
| Property Tax | −$317 |
| Insurance | −$225 |
| Condo Fee | −$606 |
| Vacancy (5%) | −$113 |
| Cash Flow | -$1,589/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,000 |
| Vacancy (5%) | −$1,350 |
| Property Tax | −$3,808 |
| Insurance | −$2,700 |
| Condo Fee | −$7,272 |
| Annual NOI | $11,870 |
| Cap Rate | 2.12% |
Cash Required to Close
| Down Payment (20%) | $112,000 |
| Ontario Land Transfer Tax | $7,675 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $122,675 |
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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