
31 Spanhouse Crescent, Markham
Markham
$1,688,000
Cash flow, cap rate & mortgage breakdown
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Listed by ANJIA REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
4
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,700/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
Welcome To 31 Spanhouse Cres, A Fully Renovated Cozy Home Nestled In The Heart Of Unionville, A Vibrant And Highly Sought-After Community, Within Top Ranking School Zone. The House Is A Corner Home With No Side Door/ Side Garage, With The Other Corner Similarly Built Home Behind. Generous Lot Frontage 55 Feet. Per MPAC Lot Area Is About 6100 Sqft. The Total Living Space, Including The Basement Suite, Is About 4000 Sqft. This Home With Very Bright And Functional Layout, Hardwood Floor, Smooth Ceiling And Pot Lights Throughout Main & 2nd Floor. Living Room Has Bright Bay Window. Newly Upgraded (2026) Kitchen and Dining 60k Spent To Open Concept Modern Design. Kitchen With Quartz Countertop And Ceramic Backsplash, S.S Appliance. Dining Room Has South Facing Large Window. Breakfast Area And Family Room With Sunny Patio Doors With Walkout To Backyard. A Convenient Powder Room And A Practical Laundry Room With A Side Door And Direct Access To The Garage Complete The Main Level. Upstairs Has A Master Bedroom With Bay Window And 5 Pieces Ensuite. ALL FOUR Bedrooms Are Spacious And Have Ample Closet Space. Legal Basement Has A Separate Walkout Entrance And Is A Rarity In Unionville, It Is Good For Potential Rental Income. Two Gas Fireplace Locates At Ground Floor And Basement. Upgrades Cost 200k+ For: Basement - Full Legal Finish, Exits Code, Fire Code, Heating Code, Etc. (2020). Stairs And Hardwood Floors (2026). Pot Lights, Fixtures. Washrooms, Kitchen And Appliances. Garage Door. Furnace (2026). AC (2026). Roof (2018). Owner Occupied And Maintained Last Few Years. Close To Historic Unionville Village, Toogood Pond, Community Centers, Golf Courses, Theater, Restaurants, Boutiques, Walking Trails, And Public Transport.
MississaugaInvestor.ca
31 Spanhouse Crescent
Detached · 6bd/4ba · ~2,750 sqft
$1,688,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.45%
Monthly Cash Flow
-$4,327/mo
Estimated Rent
$6,350/mo
Cash-on-Cash
-14%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$6,350 |
| Mortgage | −$7,770 |
| Property Tax | −$957 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,407 |
| Vacancy (5%) | −$318 |
| Cash Flow | -$4,327/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$76,200 |
| Vacancy (5%) | −$3,810 |
| Property Tax | −$11,478 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$16,880 |
| Annual NOI | $41,332 |
| Cap Rate | 2.45% |
Cash Required to Close
| Down Payment (20%) | $337,600 |
| Ontario Land Transfer Tax | $30,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $370,835 |
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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