
7 Thomas Bales Drive, Markham
Markham
$1,049,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON TURNKEY REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
3
Bathrooms
3
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$3,400/mo
Estimated from market price-to-rent ratios
Remarks
Perfectly suited for downsizers, first-time buyers, or those looking to enjoy a low-maintenance lifestyle in one of Markham's most desirable communities Welcome to this picture-perfect 2+1 bedroom bungalow in the heart of prestigious Berczy community. Offering a functional open-concept layout with the perfect amount of living space, this beautifully maintained home features a desirable main-floor primary bedroom complete with a walk-in closet and private ensuite. Bright and inviting open-concept living and dining space featuring soaring cathedral ceilings and expansive picture windows that flood the home with natural light.The bright eat-in kitchen overlooks the inviting family room with a cozy gas fireplace, creating the perfect space for everyday living and entertaining.Situated on a premium irregular lot with prof upgraded landscaping, the spacious backyard offers plenty of room to relax, garden, or entertain. The professionally finished basement extends your living space with a spacious recreation room, third bedroom, stylish 3-piece bathroom, dedicated gym or home office, and an oversized laundry/storage room.Located on a quiet, mature tree-lined street in one of Markham's most sought-to-after communities, this home is surrounded by exceptional amenities. Just steps to Berczy Park featuring playgrounds, tennis courts, basketball courts, sports fields, a baseball diamond, skateboard park, and scenic walking trails. Located within one of Markham's top-ranked school districts, including Stonebridge Public School, Pierre Elliott Trudeau High School, St. Augustine Catholic High School & Unionville College (Private). Rarely offered in this prestigious Berczy neighbourhood, this is an exceptional opportunity to own a move-in-ready bungalow in one of Markham's most desirable communities, celebrated for it's outstanding amenities and unmatched family-friendly lifestyle. Don't miss this incredible opportunity! *Pantry Can Be Easily Converted Back To Main Floor Laundry*
MississaugaInvestor.ca
7 Thomas Bales Drive
Detached · 3bd/3ba · ~1,300 sqft
$1,049,000
Cash-Flow Report · August 1, 2026
Cap Rate
1.76%
Monthly Cash Flow
-$3,291/mo
Estimated Rent
$3,400/mo
Cash-on-Cash
-17.15%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,400 |
| Mortgage | −$4,828 |
| Property Tax | −$594 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$874 |
| Vacancy (5%) | −$170 |
| Cash Flow | -$3,291/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,800 |
| Vacancy (5%) | −$2,040 |
| Property Tax | −$7,133 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$10,490 |
| Annual NOI | $18,437 |
| Cap Rate | 1.76% |
Cash Required to Close
| Down Payment (20%) | $209,800 |
| Ontario Land Transfer Tax | $17,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $230,255 |
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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