
379 Manhattan Drive, Markham
Markham
$1,598,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by CENTURY 21 LEADING EDGE REALTY INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
5
Bathrooms
4
Days on Market
1
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
Welcome to 379 Manhattan Drive, a rare opportunity to own a spacious, well-designed family home on a premium 49 x 123 ft. mature lot in one of Markham's most established and sought-after neighbourhoods. Offering over 3,200 sq. ft. above grade, plus an additional 1,633 sq. ft. finished basement, this home provides more than 4,850 sq. ft. of total living space.A grand 17-ft. open-to-above foyer creates an impressive first impression, while the functional layout features expansive principal rooms ideal for growing or multi-generational families. The finished basement with a separate entrance offers exceptional flexibility for extended family, guests, recreation, or future income potential.Unlike many renovated homes where buyers pay a premium for someone else's design choices, this property presents the rare opportunity to renovate and customize to your own style and vision while building equity in one of Markham's most desirable neighbourhoods.Ideally situated on a quiet, family-friendly street, this home offers an exceptional walkable lifestyle. Enjoy a short walk to top-ranked schools, including Central Park Public School (approx. 300 m) and Markville Secondary School (approx. 600 m), with school bus service available to St. Augustine Catholic High School. Walk to parks, playgrounds, YRT transit, Centennial GO Station, restaurants, and Markville Mall, while remaining just minutes from Highway 407, the Markham Centennial Community Centre, grocery stores, and countless everyday amenities.This is a rare opportunity to own a spacious, solidly built home with outstanding bones, an unbeatable location, and the chance to create a home that reflects your own style and vision. Don't miss the opportunity to make this hidden gem your forever home.
MississaugaInvestor.ca
379 Manhattan Drive
Detached · 5bd/4ba · ~3,250 sqft
$1,598,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.18%
Monthly Cash Flow
-$4,455/mo
Estimated Rent
$5,645/mo
Cash-on-Cash
-15.23%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$5,645 |
| Mortgage | −$7,355 |
| Property Tax | −$906 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,332 |
| Vacancy (5%) | −$282 |
| Cash Flow | -$4,455/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$67,740 |
| Vacancy (5%) | −$3,387 |
| Property Tax | −$10,866 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$15,980 |
| Annual NOI | $34,807 |
| Cap Rate | 2.18% |
Cash Required to Close
| Down Payment (20%) | $319,600 |
| Ontario Land Transfer Tax | $28,435 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $351,035 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.