PH03- 28 uptown Drive, Markham
Markham
$399,900
Cash flow, cap rate & mortgage breakdown
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Listed by DREAM HOME REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
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
Don't Miss This Rare Opportunity to Own a Stunning Penthouse in the Heart of Unionville! This Beautifully Upgraded Suite Features Elegant Oak Hardwood Flooring, 10-Ft Ceilings with Crown Moulding, and Quartz Countertopsand, Includes 1 Parking Space & 1 Locker. Enjoy Premium Building Amenities Including 24-Hour Concierge, Indoor Pool, and Fitness Centre. Ideally Located Within Walking Distance to Whole Foods, No Frills, Banks, Restaurants, Parks, Scenic Ravine Trails, and York University Markham Campus. Conveniently Close to Highways 407 & 404, Offering Easy Access Across the GTA. Perfect for End-Users and Investors!
MississaugaInvestor.ca
PH03- 28 uptown Drive
Condo Apartment · 1bd/1ba · ~550 sqft
$399,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.1%
Monthly Cash Flow
-$1,143/mo
Estimated Rent
$1,700/mo
Cash-on-Cash
-15.68%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,700 |
| Mortgage | −$1,841 |
| Property Tax | −$227 |
| Insurance | −$225 |
| Condo Fee | −$465 |
| Vacancy (5%) | −$85 |
| Cash Flow | -$1,143/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$20,400 |
| Vacancy (5%) | −$1,020 |
| Property Tax | −$2,719 |
| Insurance | −$2,700 |
| Condo Fee | −$5,580 |
| Annual NOI | $8,381 |
| Cap Rate | 2.1% |
Cash Required to Close
| Down Payment (20%) | $79,980 |
| Ontario Land Transfer Tax | $4,474 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $87,454 |
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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