159 Patterson Street, Newmarket
Newmarket
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX REALTRON REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,190/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome Home To This Wonderful 4+1 Bedroom, 4 Washroom Family Home Situated On A Huge Lot With Approx. 100 Ft Frontage! Perfect For Families, Investors, Or Multi-Generational Living. Featuring Neutral Décor Throughout, Spacious Living & Dining Areas Filled With Natural Light, And A Walk-Out From The Living Room To A Beautiful Fenced Deck & Backyard.The Upper Level Offers 4 Spacious Bedrooms Including A Large Primary Bedroom With 2 Pc Ensuite & Walk-In Closet. Fully Finished Basement Apartment With Separate enterance plus Kitchen Provides Excellent In-Law Or Income Potential. Covered Breezeway To Garage And Large Fenced Backyard Perfect For Entertaining & Family Enjoyment.Owned Furnace & A/C (2025) with a 10-year warranty, Roof (2020). Excellent Location Close To Parks, Schools, Transit, Southlake Hospital, Costco, Metro, GO Station, Hwy 404, And All Amenities.( some of the photos virtually staged)
MississaugaInvestor.ca
159 Patterson Street
Detached · 5bd/4ba · ~1,750 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
4.71%
Monthly Cash Flow
-$475/mo
Estimated Rent
$4,240/mo
Cash-on-Cash
-3.72%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,240 |
| Mortgage | −$3,217 |
| Property Tax | −$478 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$583 |
| Vacancy (5%) | −$212 |
| Cash Flow | -$475/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$50,880 |
| Vacancy (5%) | −$2,544 |
| Property Tax | −$5,732 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$6,990 |
| Annual NOI | $32,914 |
| Cap Rate | 4.71% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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