16 Chase Court, Markham
Markham
$1,168,000
Cash flow, cap rate & mortgage breakdown
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Listed by BAY STREET GROUP INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
3
Days on Market
18
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,500/mo
Estimated from market price-to-rent ratios
Remarks
Location! Location!! Location!!! Discover An Incredible Opportunity In The Highly Sought-After Milliken Mills Community! Situated On A Quiet Dead-End Court With No Sidewalk, This Beautifully Maintained Link Home Offers Rare Parking For Up To 6 Cars, A Double Garage, And Approximately 1,725 Sq.Ft. Of Above-Ground Living Space Plus A Finished Basement. The Spacious And Functional Layout Features 3 Generous Bedrooms And 2 Updated Bathrooms On The Upper Level, Including A Bright Primary Bedroom With Two Closets And A 3-Piece Ensuite. Enjoy A Well-Maintained Interior Enhanced By A Beautiful Skylight, Comfortable Living Areas, And A Finished Basement Providing Excellent Additional Space For Family Living, Recreation, Or Home Office Use. Prime Location With Quick Access To Hwy 407/404, Milliken GO Station, Transit On Brimley & Steeles, Pacific Mall, Parks, Major Amenities, And Top-Rated Schools Including Milliken Mills High School. Don't Miss This Exceptional Home In A Convenient And Family-Friendly Neighbourhood! **Recent Updates Include: Primary Bedroom Ensuite (2021), Upper Main Bathroom (2023), Air Conditioner (2023), Roof & Skylight (2024), Driveway Sealed (2024), Fridge/Stove/Rangehood/Washer (2024), Water Heater (2024)
MississaugaInvestor.ca
16 Chase Court
Detached · 3bd/3ba · ~1,750 sqft
$1,168,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.5%
Monthly Cash Flow
-$3,911/mo
Estimated Rent
$3,500/mo
Cash-on-Cash
-18.3%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,500 |
| Mortgage | −$5,376 |
| Property Tax | −$662 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$973 |
| Vacancy (5%) | −$175 |
| Cash Flow | -$3,911/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,000 |
| Vacancy (5%) | −$2,100 |
| Property Tax | −$7,942 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,680 |
| Annual NOI | $17,578 |
| Cap Rate | 1.5% |
Cash Required to Close
| Down Payment (20%) | $233,600 |
| Ontario Land Transfer Tax | $19,835 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $256,435 |
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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