753 College Manor Drive, Newmarket
Newmarket
$1,499,000
Cash flow, cap rate & mortgage breakdown
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Listed by BAY STREET INTEGRITY REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
6
Days on Market
8
Price Drop
3%
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Beautiful family home backing onto a private ravine, offering 3,056 sq.ft. of above-grade living space plus a finished walkout basement. Bright and functional layout featuring a main floor home office, gourmet kitchen with quartz countertops, elegant wainscoting throughout the main floor, and abundant pot lights. Walk out from the kitchen to a huge deck overlooking the private backyard with interlock landscaping.The finished walkout basement features 2 bedrooms, each with its own ensuite bathroom, plus a second kitchen and separate laundry, offering excellent flexibility for extended family or income potential.Extra-long driveway accommodates up to 4 vehicles, in addition to the double garage. Conveniently located close to Magna Community Centre, walking distance to Newmarket High School, grocery stores, restaurants, parks and more. Minutes to Costco, Upper Canada Mall, South Lake Hospital and easy access to Hwy 404. New insulation (2025), interlock (2024), renovated primary bathroom (2024), newer stove/oven (2025)
MississaugaInvestor.ca
753 College Manor Drive
Detached · 6bd/6ba · ~3,250 sqft
$1,499,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.25%
Monthly Cash Flow
-$4,083/mo
Estimated Rent
$5,595/mo
Cash-on-Cash
-14.88%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,595 |
| Mortgage | −$6,900 |
| Property Tax | −$1,024 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,249 |
| Vacancy (5%) | −$280 |
| Cash Flow | -$4,083/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$67,140 |
| Vacancy (5%) | −$3,357 |
| Property Tax | −$12,292 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$14,990 |
| Annual NOI | $33,801 |
| Cap Rate | 2.25% |
Cash Required to Close
| Down Payment (20%) | $299,800 |
| Ontario Land Transfer Tax | $26,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $329,255 |
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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