20 Mingay Avenue, Markham
Markham
$1,399,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/FUTURE REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
5
Days on Market
9
Price Drop
None
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
Location! Location !! Large Executive Corner Lot Home On A Very Large Lot In High Demand Location Over 3000 Sq Feet Plus Finished Basement With 2 Separate Entrances. 2nd Living Room On 2nd Floor. Main Floor 9' Ceiling, Life Time Roof, Ground Floor Room, Lot Of Windows, Potential 2 Bedroom In Basement With Kitchen & Living Room With Separate Entrance. Very Close To Downtown, Transportation, Banks, Supermarket, Parks, Schools And Hwy
MississaugaInvestor.ca
20 Mingay Avenue
Detached · 6bd/5ba · ~3,250 sqft
$1,399,000
Cash-Flow Report · August 2, 2026
Cap Rate
2.77%
Monthly Cash Flow
-$3,213/mo
Estimated Rent
$5,695/mo
Cash-on-Cash
-12.55%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,695 |
| Mortgage | −$6,439 |
| Property Tax | −$793 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,166 |
| Vacancy (5%) | −$285 |
| Cash Flow | -$3,213/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$68,340 |
| Vacancy (5%) | −$3,417 |
| Property Tax | −$9,513 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$13,990 |
| Annual NOI | $38,720 |
| Cap Rate | 2.77% |
Cash Required to Close
| Down Payment (20%) | $279,800 |
| Ontario Land Transfer Tax | $24,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $307,255 |
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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