1501- 9 Clegg Road, Markham
Markham
$495,000
Cash flow, cap rate & mortgage breakdown
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Listed by PRESTIGIUM REAL ESTATE LTD.
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
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Vendome Condo In Downtown Markham! Great Layout 1 Bedroom + Den. Den Has a Sliding Door & Can Be Used As A Second Bedroom. The functional layout features 2 bathrooms, a bright open-concept living and dining area, quartz countertop, stainless steel appliances, ensuite laundry, and a private balcony facing south. Steps To Whole Foods, Banks, LCBO & Restaurants. Easy Access To Viva, YRT, Go Train, Hwy 407 & 404. Close To YMCA, Seneca College, York University Markham Campus And Cineplex. Residents enjoy premium amenities including a grand lobby, fully equipped fitness center, party room, concierge service, EV charging stations, and a beautifully landscaped courtyard garden with a BBQ area.
MississaugaInvestor.ca
1501- 9 Clegg Road
Condo Apartment · 2bd/2ba · ~650 sqft
$495,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.64%
Monthly Cash Flow
-$1,190/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-13.18%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,278 |
| Property Tax | −$281 |
| Insurance | −$225 |
| Condo Fee | −$448 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,190/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,366 |
| Insurance | −$2,700 |
| Condo Fee | −$5,376 |
| Annual NOI | $13,068 |
| Cap Rate | 2.64% |
Cash Required to Close
| Down Payment (20%) | $99,000 |
| Ontario Land Transfer Tax | $6,375 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $108,375 |
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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