
173 Russell Jarvis Drive, Markham
Markham
$1,498,000
Cash flow, cap rate & mortgage breakdown
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Listed by ANJIA REALTY
Investment Analysis
Key Facts
Type
Detached
Bedrooms
6
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Finished Basement
Rent Estimate
$4,500/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to 173 Russell Jarvis Drive, a beautifully updated home in the prestigious Legacy Golf Course community, offering the perfect blend of elegance, comfort, and functionality.Step through the impressive double-door entrance into a grand two-storey foyer highlighted by a stunning chandelier. The thoughtfully designed open-concept layout features spacious living, dining, and family rooms with oversized windows that fill the home with natural light. The main floor showcases smooth ceilings, pot lights, rich hardwood flooring, and a graceful circular staircase.The modern kitchen is designed for both everyday living and entertaining, featuring stainless steel appliances, a stylish stone backsplash, and ample workspace.Upstairs, you'll find four generously sized bedrooms, each offering excellent closet space. The spacious primary suite includes a luxurious ensuite with a Jacuzzi tub, while the upgraded second-floor bathroom features a quartz countertop for a refined finish.The professionally finished basement provides exceptional versatility with two additional bedrooms, a full bathroom, and a spacious recreation room-ideal for extended family, guests, a home office, or additional living space.Additional highlights include a professionally finished garage with durable epoxy flooring and fresh paint, newly landscaped front yard with elegant interlocking (2025), new furnace (2022), and new air conditioner (2025).Situated in one of the area's most desirable neighbourhoods, just moments from Legacy Golf Club, this exceptional home offers upscale living, outstanding convenience, and incredible pride of ownership-an outstanding opportunity for families seeking space, style, and a premier location.
MississaugaInvestor.ca
173 Russell Jarvis Drive
Detached · 6bd/4ba · ~2,750 sqft
$1,498,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.56%
Monthly Cash Flow
-$4,942/mo
Estimated Rent
$4,500/mo
Cash-on-Cash
-18.02%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,500 |
| Mortgage | −$6,895 |
| Property Tax | −$849 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,248 |
| Vacancy (5%) | −$225 |
| Cash Flow | -$4,942/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$54,000 |
| Vacancy (5%) | −$2,700 |
| Property Tax | −$10,186 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$14,980 |
| Annual NOI | $23,434 |
| Cap Rate | 1.56% |
Cash Required to Close
| Down Payment (20%) | $299,600 |
| Ontario Land Transfer Tax | $26,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $329,035 |
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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