318- 38 Water Walk Drive, Markham
Markham
$840,000
Cash flow, cap rate & mortgage breakdown
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Listed by TIMES GROUP
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,900/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To Riverview Towers By Times Group Nestled In The Heart Of Downtown Markham. This Luxurious Sun Filled and Spacious 2 Bedroom + Den Offers Over 1,000 Sq Ft Of Living Space. Graciously Combined Living and Dining Room That Walks Out To Balcony With North Exposure View. Kitchen and Bathroom Equipped With Quartz Counter Tops & Contemporary Soft-Close Cabinetry. Smooth Ceilings Featuring Engineered Vinyl Flooring Throughout. Primary Bedroom With 3 Pc Ensuite And Oversized Walk-In-Closet. Generously Sized Den That Can Be Used As 3rd Bedroom Or Private Office Area. Resort Style Amenities, Including 24 Hour Concierge, Gym, Indoor Pool, Sauna, Library, Multipurpose Room, And Pet Spa. Walking Distance To Whole Foods, LCBO, and Gourmet Restaurants. Nearby VIP Cineplex, GoodLife Fitness, Downtown Markham, and Main St. Unionville. Public Transit At Your Doorstep. Short Drive To Highway 404, 407 and Unionville Go Station.
MississaugaInvestor.ca
318- 38 Water Walk Drive
Condo Apartment · 3bd/2ba · ~1,100 sqft
$840,000
Cash-Flow Report · July 31, 2026
Cap Rate
2%
Monthly Cash Flow
-$2,466/mo
Estimated Rent
$2,900/mo
Cash-on-Cash
-16.06%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,900 |
| Mortgage | −$3,866 |
| Property Tax | −$476 |
| Insurance | −$225 |
| Condo Fee | −$654 |
| Vacancy (5%) | −$145 |
| Cash Flow | -$2,466/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$34,800 |
| Vacancy (5%) | −$1,740 |
| Property Tax | −$5,712 |
| Insurance | −$2,700 |
| Condo Fee | −$7,848 |
| Annual NOI | $16,800 |
| Cap Rate | 2% |
Cash Required to Close
| Down Payment (20%) | $168,000 |
| Ontario Land Transfer Tax | $13,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $184,275 |
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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