697 Limpert Terrace, Newmarket
Newmarket
$698,000
Cash flow, cap rate & mortgage breakdown
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Listed by REAL LAND REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
4
Bathrooms
3
Days on Market
23
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Desired Townhouse On Newmarket High School Districts. Just 3 Min To Hwy 404! Spacious Layout With Lots Of Natural Light! Gorgeous Hardwood Flooring On Main Level and The Kitchen Was Renovated In 2021. Finished Basement With Large Rec Room, Laundry . Master Bdrm Features 4 Pc Ensuite & Large W/I Closet, 4 Pc Bath On Upper Level. Large Closets In 2nd/3rd Bdrms. Lovely Large Backyard Was Tidied Up In 2021. Steps To Public Transit, Magna Rec Centre , Pool, Ice Rinks, Schools & Parks! Do Not Miss It!!!
MississaugaInvestor.ca
697 Limpert Terrace
Condo Townhouse · 4bd/3ba · ~1,100 sqft
$698,000
Cash-Flow Report · August 3, 2026
Cap Rate
2.94%
Monthly Cash Flow
-$1,503/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-11.79%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$3,213 |
| Property Tax | −$477 |
| Insurance | −$225 |
| Condo Fee | −$343 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$1,503/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$5,724 |
| Insurance | −$2,700 |
| Condo Fee | −$4,116 |
| Annual NOI | $20,520 |
| Cap Rate | 2.94% |
Cash Required to Close
| Down Payment (20%) | $139,600 |
| Ontario Land Transfer Tax | $10,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,035 |
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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