328 Salisbury Lane, Newmarket
Newmarket
$1,080,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
10
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,700/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
***Exceptional Family Home on a Rare 63-ft wide lot with a Legal Basement Apartment*** Welcome to this beautifully upgraded family home ,perfectly situated on a premium 63-ft wide lot with a sun filled south facing backyard . designed for both comfortable family living effortless entertaining , the private outdoor retreat feature a saltwater pool, spacious deck with pergola, awning and a separate side yard ideal for gardening. Inside , you will find a thoughtfully updated interior highlighted by a stunning renovated Full Kitchen With Stainless Steel Appliances, Quartz Countertop And Porcelain Wall finishes. Smooth Ceiling With Pot Lights throughout.The bright south facing living room is filled with natural light and features a cozy Fireplace. The spacious Primary Bedroom offers a Walk-In Closet And a 4-piece Ensuite, while three additional generously sized bedrooms provide ample space for the whole family. A standout feature of this house is the ** Legal one bedroom basement apartment with a separate entrance(2023)** offering an excellent opportunity for rental income,multi-generational living or added flexibility an exceptional value for home owners and investors alike.
MississaugaInvestor.ca
328 Salisbury Lane
Detached · 5bd/4ba · ~2,250 sqft
$1,080,000
Cash-Flow Report · July 31, 2026
Cap Rate
3.21%
Monthly Cash Flow
-$2,084/mo
Estimated Rent
$5,000/mo
Cash-on-Cash
-10.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,000 |
| Mortgage | −$4,971 |
| Property Tax | −$738 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$900 |
| Vacancy (5%) | −$250 |
| Cash Flow | -$2,084/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$60,000 |
| Vacancy (5%) | −$3,000 |
| Property Tax | −$8,856 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,800 |
| Annual NOI | $34,644 |
| Cap Rate | 3.21% |
Cash Required to Close
| Down Payment (20%) | $216,000 |
| Ontario Land Transfer Tax | $18,075 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $237,075 |
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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