
24 George Patton Avenue, Markham
Markham
$979,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE/BAYVIEW REALTY INC.
Investment Analysis
Key Facts
Type
Att/Row/Townhouse
Bedrooms
4
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,550/mo
Estimated from market price-to-rent ratios
Remarks
Freehold Mattamy Homes built property, 3+1 Bedroom upgraded Townhouse nestled in the heart of Cornell / Markham Stouffville Hospital neighbourhood. This beautiful home is walking distance to Cornell Community Centre with an indoor pool, gymnasium, including basketball, sports, and many other recreation activities, state of the arts library. Close to parks, York Region Transit Terminal hub, easy access to Hwy 407, Ground Floor and 2nd Floor is 9 Feet ceiling, a large room on the ground floor can be used as a bedroom or an office. Entrance from double garage to the house. 2nd floor has a balcony easy for BBQ or relaxing. Bright sun lit living room with granite decorative electric fireplace (no heat), custom built shelving arrangements and mounted TV offering a warm ambiance to the residents, two hanging lighting fixtures. Spacious kitchen with Centre Island and quartz counters, hanging lights, dining room chandelier, breakfast bar, combined dining room and a children playroom. 2 Pcs washroom on the second floor for convenience. Primary bedroom has a Juliette balcony, walk in closet, 4 Pcs bathroom with a large standing shower. 2nd floor laundry, and 2 other bedrooms. This beautiful property also has a roof top terrace, with a BBQ shed for family or friends get together. Attached double garage with a garage door opener. All window shutters are included. Original Owner.
MississaugaInvestor.ca
24 George Patton Avenue
Att/Row/Townhouse · 4bd/3ba · ~2,250 sqft
$979,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.18%
Monthly Cash Flow
-$2,730/mo
Estimated Rent
$3,550/mo
Cash-on-Cash
-15.25%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,550 |
| Mortgage | −$4,506 |
| Property Tax | −$555 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$816 |
| Vacancy (5%) | −$178 |
| Cash Flow | -$2,730/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$42,600 |
| Vacancy (5%) | −$2,130 |
| Property Tax | −$6,657 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,790 |
| Annual NOI | $21,323 |
| Cap Rate | 2.18% |
Cash Required to Close
| Down Payment (20%) | $195,800 |
| Ontario Land Transfer Tax | $16,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $214,855 |
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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