8 Major Elliot Court, Markham
Markham
$1,488,000
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 KING`S QUAY REAL ESTATE INC.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,200/mo
Estimated from market price-to-rent ratios
Remarks
Welcome To 8 Major Elliot Crt - A Stunning Detached Home In Prime Markham. Discover The Perfect Blend Of Space, Comfort & Location In This Beautiful Hm Situated On A Low Traffic & Quiet Crt In One Of Markham's Most Sought After Neighborhoods. Minutes To Major Highways, Top Rank Schools, Parks & Shoppings. This Home Is Thoughtfully Maintained W/ Bright Interiors, Spacious Layout & Room For the Whole Family To Grow. Enjoy The Private Backyard - Ideals for BBQS, Gardening & Gatherings. Must See!!
MississaugaInvestor.ca
8 Major Elliot Court
Detached · 4bd/4ba · ~2,250 sqft
$1,488,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.36%
Monthly Cash Flow
-$5,167/mo
Estimated Rent
$4,200/mo
Cash-on-Cash
-18.97%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,200 |
| Mortgage | −$6,849 |
| Property Tax | −$843 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,240 |
| Vacancy (5%) | −$210 |
| Cash Flow | -$5,167/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$50,400 |
| Vacancy (5%) | −$2,520 |
| Property Tax | −$10,118 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$14,880 |
| Annual NOI | $20,182 |
| Cap Rate | 1.36% |
Cash Required to Close
| Down Payment (20%) | $297,600 |
| Ontario Land Transfer Tax | $26,235 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $326,835 |
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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