
515 London Road, Newmarket
Newmarket
$1,199,900
Cash flow, cap rate & mortgage breakdown
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Listed by TONY K REAL ESTATE
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
2
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
Beautifully maintained multi-generational family home in one of Newmarket's sought-after neighbourhoods, known for its safe, family-friendly streets and convenient access to parks and schools. Offering over 3,000 sq. ft. of finished living space, this move-in ready home blends timeless character with thoughtful modern updates, creating the perfect space for growing families and those who love to entertain. The updated kitchen overlooks bright and spacious living areas, while the finished basement offers exceptional versatility with a second kitchen, an additional bedroom, and a generous recreation room, ideal for extended family, guests, or multi-generational living. Throughout the home you'll find renovated bathrooms, fresh paint, upgraded electrical, stylish pot lights, new energy-efficient windows that enhance comfort and natural light, and a recently installed owned Culligan whole-home water filtration system, providing clean, high-quality water. A recently replaced roof offers added peace of mind and long-term value, while the home's many capital improvements mean the major updates have already been completed for the next owner. The functional laundry room features custom cabinetry and a folding counter for added convenience. Outside, the curb appeal is undeniable with new garage doors, interlocking stone in the front and backyard, and a newly paved asphalt driveway. The private backyard is surrounded by mature trees and includes established fruit trees, creating a peaceful setting to relax, garden, or entertain. Perfectly located just minutes from Upper Canada Mall, Southlake Regional Health Centre, Historic Main Street Newmarket, Fairy Lake Park, the GO Train, Highway 404, top-rated schools, parks, and everyday amenities, this well-maintained home offers the perfect combination of space, location, and lasting value. An exceptional opportunity for buyers looking for a property where the costly updates have already been completed.
MississaugaInvestor.ca
515 London Road
Detached · 5bd/4ba · ~2,250 sqft
$1,199,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.61%
Monthly Cash Flow
-$2,918/mo
Estimated Rent
$4,895/mo
Cash-on-Cash
-13.29%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,895 |
| Mortgage | −$5,523 |
| Property Tax | −$820 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,000 |
| Vacancy (5%) | −$245 |
| Cash Flow | -$2,918/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$58,740 |
| Vacancy (5%) | −$2,937 |
| Property Tax | −$9,839 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$11,999 |
| Annual NOI | $31,265 |
| Cap Rate | 2.61% |
Cash Required to Close
| Down Payment (20%) | $239,980 |
| Ontario Land Transfer Tax | $20,473 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $263,453 |
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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