288 Simonston Boulevard, Markham
Markham
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by EXP REALTY
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
4
Days on Market
16
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,750/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To This Beautifully Updated 3-Bedroom, 4-Bath Condo Townhouse Offering A Perfect Blend Of Comfort And Convenience *Step Inside To A Bright Open-Concept Living And Dining Area With Elegant Pot Lights And Modern Flooring Throughout *The Stylish Kitchen Boasts Stainless Steel Appliances, Sleek Backsplash, And Ample Cabinetry *The Spacious Walkout Basement Provides Additional Living Space And Direct Access To A Fully Fenced, Professionally Landscaped Patio Perfect For Outdoor Entertaining *With A Well-Appointed Layout Across Multiple Levels, This Home Is Ideal For Families Or Professionals *Enjoy Access To Amenities Including A Pool And Playground, And Benefit From The Prime Location *Just Steps To Transit, Shops, Schools, Parks, And With Easy Access To The Highway!
MississaugaInvestor.ca
288 Simonston Boulevard
Condo Townhouse · 3bd/4ba · ~1,500 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.52%
Monthly Cash Flow
-$1,750/mo
Estimated Rent
$2,750/mo
Cash-on-Cash
-13.7%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,750 |
| Mortgage | −$3,217 |
| Property Tax | −$396 |
| Insurance | −$225 |
| Condo Fee | −$524 |
| Vacancy (5%) | −$138 |
| Cash Flow | -$1,750/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,000 |
| Vacancy (5%) | −$1,650 |
| Property Tax | −$4,753 |
| Insurance | −$2,700 |
| Condo Fee | −$6,288 |
| Annual NOI | $17,609 |
| Cap Rate | 2.52% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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