
20 16th Lane, Markham
Markham
$2,480,000
Cash flow, cap rate & mortgage breakdown
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Listed by IKON REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
5
Days on Market
13
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$5,550/mo
Estimated from market price-to-rent ratios
Remarks
Presenting a rare opportunity to own a custom-built 5400sf, original-owner residence on a 60-foot lot in a prestigious Unionville cul-de-sac. Meticulously maintained with outstanding craftsmanship, this home features an open-concept main living area plus a formal dining room. The gourmet kitchen is a chef's dream-high-end appliances, built-in coffee machine, chef's pantry and a large island ideal for entertaining. A private office (or 5th bedroom) and a family room with a gas fireplace with stone mantle and pot lighting complete the main level. The master retreat offers an expansive custom walk-in closet and a spa-like ensuite. The finished lower level includes a theatre room seating 8+, a nanny suite with full bath, lots of storage. Outside, enjoy a professionally landscaped oasis with stone patio, PVC decking and glass railing, an enclosed screened gazebo with LED lighting and a gas fireplace, sprinkler system and storage shed. The home leads to a tandem three-car garage with intelligent remote and soft-close opener. Permanent LED Holiday lights. Located near top-ranked schools (St. Justin's, Coledale, St. Augustine's), shopping and local amenities, this exceptional home is a rare find. Don't miss out, book your showing today. Take the Virtual Tour-https://www.cirius3d.com/tour/454733
MississaugaInvestor.ca
20 16th Lane
Detached · 5bd/5ba · ~4,250 sqft
$2,480,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.76%
Monthly Cash Flow
-$9,840/mo
Estimated Rent
$5,550/mo
Cash-on-Cash
-21.57%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,550 |
| Mortgage | −$11,415 |
| Property Tax | −$1,405 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$2,067 |
| Vacancy (5%) | −$278 |
| Cash Flow | -$9,840/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$66,600 |
| Vacancy (5%) | −$3,330 |
| Property Tax | −$16,864 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$24,800 |
| Annual NOI | $18,906 |
| Cap Rate | 0.76% |
Cash Required to Close
| Down Payment (20%) | $496,000 |
| Ontario Land Transfer Tax | $48,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $547,475 |
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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