112- 48 Suncrest Boulevard, Markham
Markham
$499,900
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
3
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,550/mo
Estimated from market price-to-rent ratios
Remarks
Rarely offered 2-bedroom + den, 2-bath suite in the prestigious Thornhill Towers. Approximately 1,200 sq ft featuring a highly efficient, open-concept layout with 9' ceilings and generous living space. The large den is perfect for a home office or can easily function as a third bedroom. Upgraded with stainless steel appliances, granite countertops, and a breakfast bar-move-in ready for modern living. Prime location within walking distance to restaurants, supermarkets, and Times Square Plaza, with a Viva bus stop right at your doorstep. Quick access to Highways 7, 407, and 404. Enjoy top-tier building amenities including 24-hour concierge, indoor pool, sauna, gym, and party room. Includes one parking space and one locker.
MississaugaInvestor.ca
112- 48 Suncrest Boulevard
Condo Apartment · 3bd/2ba · ~1,100 sqft
$499,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.04%
Monthly Cash Flow
-$1,453/mo
Estimated Rent
$2,550/mo
Cash-on-Cash
-15.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,550 |
| Mortgage | −$2,301 |
| Property Tax | −$283 |
| Insurance | −$225 |
| Condo Fee | −$1,066 |
| Vacancy (5%) | −$128 |
| Cash Flow | -$1,453/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$30,600 |
| Vacancy (5%) | −$1,530 |
| Property Tax | −$3,399 |
| Insurance | −$2,700 |
| Condo Fee | −$12,792 |
| Annual NOI | $10,179 |
| Cap Rate | 2.04% |
Cash Required to Close
| Down Payment (20%) | $99,980 |
| Ontario Land Transfer Tax | $6,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $109,453 |
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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