
309- 1709 Bur Oak Avenue, Markham
Markham
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXPERTS
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
15
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,400/mo
Estimated from market price-to-rent ratios
Remarks
Experience exceptional living in this rare executive corner suite, featuring 1,019 sq. ft. of bright, open interior space seamlessly connected to a spacious 288 sq. ft. covered wrap-around terrace. The open-concept kitchen, dining, and living area offers an airy ambiance for daily life and social occasions. The upgraded kitchen, equipped with granite countertops and stainless steel appliances, is ideal for preparing meals with ease.The primary bedroom provides a private spa-like ensuite, direct terrace access, and generous closet space, ensuring comfort and luxury. An additional spacious bedroom and guest bathroom deliver flexibility for families or visitors. In-suite laundry, underground parking, and a private locker add further convenience.Picture yourself enjoying morning coffee or hosting evening gatherings on the terrace, perfect for entertaining guests or unwinding after a long day. Panoramic views, unrivalled privacy, and multiple walk-outs blur the lines between indoors and out, offering a truly unique lifestyle. Floor-to-ceiling windows flood the suite with natural light, creating a warm, inviting atmosphere that makes every moment at home feel special.Located in Aspen Ridge's premium 2021 low-rise development, this suite stands out with designer touches-light laminate flooring throughout and premium finishes elevate the space. The community is ideally situated near high-ranking schools and within walking distance of major supermarkets, banks, transit, restaurants, and parks. With Mount Joy GO Station just steps away, commuting downtown is effortless. Shopping at Markville Mall and dining on Main Street are just minutes away, making everyday errands and leisure activities convenient. Quick access to Highways 7, 407, and 404 ensures you're always connected to the best of the region.
MississaugaInvestor.ca
309- 1709 Bur Oak Avenue
Condo Apartment · 2bd/2ba · ~1,100 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.75%
Monthly Cash Flow
-$2,195/mo
Estimated Rent
$2,400/mo
Cash-on-Cash
-17.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,400 |
| Mortgage | −$3,217 |
| Property Tax | −$396 |
| Insurance | −$225 |
| Condo Fee | −$637 |
| Vacancy (5%) | −$120 |
| Cash Flow | -$2,195/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$28,800 |
| Vacancy (5%) | −$1,440 |
| Property Tax | −$4,753 |
| Insurance | −$2,700 |
| Condo Fee | −$7,644 |
| Annual NOI | $12,263 |
| Cap Rate | 1.75% |
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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