1502- 292 Verdale Crossing, Markham
Markham
$519,900
Cash flow, cap rate & mortgage breakdown
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Listed by SUPERSTARS REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
8
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To This Luxurious 1+1 Unit In The Heart Of Downtown Markham Featuring A Bright & Efficient Layout With Oversized Windows. Open Living Room Walks Out To A Private Balcony. The Modern Eat-in Kitchen Showcases Built-in Appliances, A Large Center Island And Backsplash. The Spacious Primary Bedroom Offers A Generous Double Closet, While The Large Den Is Versatile Enough To Fit A Bed. Comes Complete With 1 Parking Space And 1 Locker For Added Convenience. Walking Distance To Cineplex, Banks, Restaurants, Public Transit & Go Station. Easy Access To Hwy 7/407/404.
MississaugaInvestor.ca
1502- 292 Verdale Crossing
Condo Apartment · 2bd/1ba · ~550 sqft
$519,900
Cash-Flow Report · August 1, 2026
Cap Rate
2.64%
Monthly Cash Flow
-$1,251/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-13.19%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,393 |
| Property Tax | −$295 |
| Insurance | −$225 |
| Condo Fee | −$428 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,251/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,535 |
| Insurance | −$2,700 |
| Condo Fee | −$5,136 |
| Annual NOI | $13,709 |
| Cap Rate | 2.64% |
Cash Required to Close
| Down Payment (20%) | $103,980 |
| Ontario Land Transfer Tax | $6,873 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $113,853 |
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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