1508- 50 Clegg Road, Markham
Markham
$449,000
Cash flow, cap rate & mortgage breakdown
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Listed by LANDPOWER REAL ESTATE LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
*** Gorgeous 1 Br + Den Unit (655 Sq Ft + Balcony) In Luxurious Majestic Court *** Spacious & Modern with 9 Feet Ceiling *** Beautiful South Exposure with Unobstructed View On The 15th Floor *** Den Has A Closet, Can Be Used As A Second Bedroom *** Brand New Laminate Flooring *** Great Floor Plan with No Wasted Space *** Close To All Amenities, Hwy 404, 407, Unionville High School, Viva, Go Train, Shopping And More *** (Photos are virtually staged)
MississaugaInvestor.ca
1508- 50 Clegg Road
Condo Apartment · 2bd/1ba · ~650 sqft
$449,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.91%
Monthly Cash Flow
-$979/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-11.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,067 |
| Property Tax | −$254 |
| Insurance | −$225 |
| Condo Fee | −$475 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$979/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,053 |
| Insurance | −$2,700 |
| Condo Fee | −$5,700 |
| Annual NOI | $13,057 |
| Cap Rate | 2.91% |
Cash Required to Close
| Down Payment (20%) | $89,800 |
| Ontario Land Transfer Tax | $5,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $98,255 |
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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