2308- 12 Gandhi Lane, Markham
Markham
$638,800
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE LANDMARK REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
9
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
Luxury & Spacious 1+Den Condo In Prestigious Pavilia Towers With Unbeatable Low Maintenance Fee, Located In A Highly Sought-After, Ultra-Convenient Neighborhood, Functional Open Concept Layout With 9' Ceilings, Floor-To-Ceiling Huge Windows Allowing Tons Of Natural Light To Flood The Space & Maximize The Breathtaking Unobstructed South Views Of The Toronto Skyline & CN Tower, Versatile Den With Sliding Door Can Be Used As A 2nd Bedroom, Home Office Or Guest Bedroom, The Modern & Sleek Kitchen With Quartz Countertops, Elegant Cabinetry, High-end B/I Appliances, Full Bathroom Updated With A New Smart Toilet, Enjoy The Top-tier Amenities Including Impressive Fitness Centre, A Stylish Lounge Area, A Sparkling Indoor Pool, And 24 Hour Concierge Service, Prime Markham/Thornhill Location, Easy Access To Everything You Need, Steps To Hwy 7, Viva Transit, Restaurants, Shopping, Parks And Minutes Driving To Hwy 404/407, Top Ranking Schools, Go Trains, And Many More, Perfect For End Users Or Investors!
MississaugaInvestor.ca
2308- 12 Gandhi Lane
Condo Apartment · 2bd/2ba · ~650 sqft
$638,800
Cash-Flow Report · August 1, 2026
Cap Rate
2.33%
Monthly Cash Flow
-$1,700/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-14.57%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,940 |
| Property Tax | −$362 |
| Insurance | −$225 |
| Condo Fee | −$358 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$1,700/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$4,344 |
| Insurance | −$2,700 |
| Condo Fee | −$4,296 |
| Annual NOI | $14,880 |
| Cap Rate | 2.33% |
Cash Required to Close
| Down Payment (20%) | $127,760 |
| Ontario Land Transfer Tax | $9,251 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $140,011 |
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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