612- 8323 kennedy Road, Markham
Markham
$485,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
23
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to this well-maintained 1 Bedroom + Den suite, offering a practical layout with a good-sized primary bedroom and a flexible den that works well as a home office, guest space, or extra living area.The suite has been freshly updated with laminate flooring and clean, modern finishes throughout. The kitchen includes stainless steel appliances, plenty of cabinetry, and an open-concept layout that connects easily to the living and dining space. The bathroom has a clean, contemporary look, and large windows with custom coverings bring in good natural light while keeping privacy in check.The location is a strong selling point - close to Highway 7 and the 407, and just minutes from Markville Mall, the YMCA, York University's Markham Campus, transit, parks, and everyday amenities.A comfortable, move-in-ready option for first-time buyers, downsizers, or investors looking for value in a convenient Unionville community. Book
MississaugaInvestor.ca
612- 8323 kennedy Road
Condo Apartment · 2bd/1ba · ~650 sqft
$485,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.57%
Monthly Cash Flow
-$1,192/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-13.47%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,232 |
| Property Tax | −$275 |
| Insurance | −$225 |
| Condo Fee | −$502 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,192/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,298 |
| Insurance | −$2,700 |
| Condo Fee | −$6,024 |
| Annual NOI | $12,488 |
| Cap Rate | 2.57% |
Cash Required to Close
| Down Payment (20%) | $97,000 |
| Ontario Land Transfer Tax | $6,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $106,175 |
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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