961 Damascus Court, Newmarket
Newmarket
$1,899,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EPIC REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
5
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$4,650/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 961 Damascus Crt - When Modern Luxury Meets Timeless Elegance in Newmarket's Most Prestigious Enclave! Tucked Away on An Exclusive, Family-friendly Cul-de-sac Next to a Beautiful Park in a top-rated School Zone. This Top-to-bottom Fully Renovated 5364sqft Living Space Residence Offers 4 Spacious bedrooms, 5 washrooms, and a Finished Basement. An Unforgettable First Impression in the Grand Foyer Featuring Soaring High Ceilings, two Bright Skylights, and Extensive Pot Lighting Throughout. The Designer Chef's Kitchen Seamlessly Blends Modern Style with Functional Elegance, Boasting Rich Quartz Countertops, a Generous Center Island, and Premium Finishes. The Sunlit Breakfast Area Overlooks a Fully Fenced Backyard. The Upper Level Features a Sensational Primary Retreat Complete with a Dedicated Sitting Area, Two Walk-in Closets, and a Spa-inspired 5-piece Luxury Ensuite. Specious Bedrooms, an Addition Ensuite and Finished Basement - Perfect for Guests or Extended Family. Uncompromised Quality, Peaceful Court Living Beside the Park, and Turn-key Move-in Perfection in Prime Stonehaven. Truly a Rare Offering!
MississaugaInvestor.ca
961 Damascus Court
Detached · 5bd/5ba · ~4,250 sqft
$1,899,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.83%
Monthly Cash Flow
-$7,430/mo
Estimated Rent
$4,650/mo
Cash-on-Cash
-21.37%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,650 |
| Mortgage | −$8,741 |
| Property Tax | −$1,298 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,583 |
| Vacancy (5%) | −$233 |
| Cash Flow | -$7,430/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,800 |
| Vacancy (5%) | −$2,790 |
| Property Tax | −$15,572 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$18,990 |
| Annual NOI | $15,748 |
| Cap Rate | 0.83% |
Cash Required to Close
| Down Payment (20%) | $379,800 |
| Ontario Land Transfer Tax | $34,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $417,255 |
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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