920- 277 South Park Road, Markham
Markham
$399,999
Cash flow, cap rate & mortgage breakdown
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Listed by ICI SOURCE REAL ASSET SERVICES INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,700/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Eden Park Towers! Don't miss this opportunity to own a beautifully maintained condo by the award-winning Times Group Corp. Offering luxury living in the heart of Markham, this bright and spacious suite features 9-foot ceilings, an unobstructed view, and a walkout balcony. The modern kitchen boasts stainless steel appliances, granite countertops, a centre island with additional storage, custom pull-out cabinet organizers, and organized closets throughout. Recent upgrades include newly installed Moen and Kohler faucets and showerheads, as well as modern dimmable lighting throughout the suite. Enjoy exceptional amenities in this well-managed building, including 24-hour concierge, a fitness centre, a newly renovated indoor swimming pool, sauna, library, media lounge, party room, guest suites, and ample visitor parking. Located in one of Markham's most sought-after communities, you're just minutes from Highways 404 and 407, GO Transit, public transit, restaurants, shopping, and everyday conveniences. One parking space and one locker are included. Offers reviewed on August 10th at 5 PM. Reserves the right to accept pre-emptive offers. *For Additional Property Details Click The Brochure Icon Below*
MississaugaInvestor.ca
920- 277 South Park Road
Condo Apartment · 1bd/1ba · ~650 sqft
$399,999
Cash-Flow Report · July 31, 2026
Cap Rate
1.99%
Monthly Cash Flow
-$1,177/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-16.15%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$1,841 |
| Property Tax | −$227 |
| Insurance | −$225 |
| Condo Fee | −$499 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$1,177/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$2,720 |
| Insurance | −$2,700 |
| Condo Fee | −$5,988 |
| Annual NOI | $7,972 |
| Cap Rate | 1.99% |
Cash Required to Close
| Down Payment (20%) | $79,999.8 |
| Ontario Land Transfer Tax | $4,475 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,474.8 |
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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