
603- 7811 Yonge Street, Markham
Markham
$658,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 HERITAGE GROUP LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
13
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,700/mo
Estimated from market price-to-rent ratios
Remarks
Prime corner unit at the Thornhill Summit occupied by the original owner. Your view is simply stunning from the 127 sq' balcony overlooking the perfectly groomed hilly golf course w/ side forest, mature trees & the very picturesque club house in the distance. This immaculate condo has been lovingly cared for & is beautifully updated throughout. There is a lovely remodelled kitchen w/ beautiful cabinetry, granite counter tops & breakfast area, both baths have been remodelled & the primary has a walk-in shower. You'll find 6" baseboards & crown moulding t-out, a custom 5.2" deep storage closet in hallway & w-w mirrored closets in primary bedroom. The double HVAC system has separate controls for primary (both approx 13 months). You will enjoy the stunning sunsets & moon views over your balcony in this quiet well cared for building offering a delightful private outdoor pool, & many other amenities including gym, sauna, library, games room, party room & lots of visitor parking. Maintenance fees include all utilities, water, internet & cable. This highly desirable area in Thornhill's established community neighbourhoods is close to the Farmer's market, community centre, 407 & 404. Don't keep looking at endless condos - bring your fussiest buyer. You won't want to miss this rarely available unit.
MississaugaInvestor.ca
603- 7811 Yonge Street
Condo Apartment · 3bd/2ba · ~1,300 sqft
$658,000
Cash-Flow Report · August 2, 2026
Cap Rate
0.93%
Monthly Cash Flow
-$2,520/mo
Estimated Rent
$2,700/mo
Cash-on-Cash
-20.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,700 |
| Mortgage | −$3,029 |
| Property Tax | −$373 |
| Insurance | −$225 |
| Condo Fee | −$1,458 |
| Vacancy (5%) | −$135 |
| Cash Flow | -$2,520/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$32,400 |
| Vacancy (5%) | −$1,620 |
| Property Tax | −$4,474 |
| Insurance | −$2,700 |
| Condo Fee | −$17,496 |
| Annual NOI | $6,110 |
| Cap Rate | 0.93% |
Cash Required to Close
| Down Payment (20%) | $131,600 |
| Ontario Land Transfer Tax | $9,635 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $144,235 |
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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