41 Elgin Street, Markham
Markham
$1,499,000
Cash flow, cap rate & mortgage breakdown
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Listed by SOLTANIAN REAL ESTATE 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
None Detected
Rent Estimate
$4,500/mo
Estimated from market price-to-rent ratios
Remarks
Attention Builders, Investors & Visionary Homeowners! Rare Opportunity at 41 Elgin Street.An extraordinary and rarely offered opportunity awaits on one of the area's most impressive properties. This exceptional lot measuring approximately 55 ft. x 469 ft. of depth presents endless possibilities for those seeking a unique investment, development opportunity, or private estate setting.Renovate the existing residence and enjoy resort-style living with a stunning backyard retreat, exceptional privacy, and the unmatched tranquility of this extraordinary deep lot - or take advantage of the opportunity to tear down and build the custom dream home you have always envisioned.Permit-ready and ideal for builders, investors, and discerning homeowners, this remarkable property offers the perfect canvas for a signature residence. Imagine creating a spectacular custom home featuring expansive living spaces, luxury finishes, a stunning outdoor oasis, and a backyard experience rarely found in the city.Located in a highly desirable and established neighborhood, 41 Elgin Street combines convenience, privacy, and future potential. The impressive lot depth provides endless opportunities for outdoor living, entertaining, gardens, recreation, and creating a true family sanctuary.Whether you are a builder searching for your next showcase project, an investor looking for a premium opportunity, or a homeowner ready to enjoy a private retreat today while planning your future vision, this property delivers exceptional possibilities.Surrounded by top-rated schools, parks, shopping, restaurants, transit, and major amenities, this location offers the perfect balance of lifestyle and convenience.Opportunities to own a lot of this size and character are exceptionally rare. Live in it. Love it. Renovate it. Expand it. Or build the home you have always dreamed of.41 Elgin Street is more than a property - it is a chance to create your legacy. Truly a rare Gem.
MississaugaInvestor.ca
41 Elgin Street
Detached · 5bd/4ba · ~3,250 sqft
$1,499,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.56%
Monthly Cash Flow
-$4,948/mo
Estimated Rent
$4,500/mo
Cash-on-Cash
-18.03%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,500 |
| Mortgage | −$6,900 |
| Property Tax | −$849 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$1,249 |
| Vacancy (5%) | −$225 |
| Cash Flow | -$4,948/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$54,000 |
| Vacancy (5%) | −$2,700 |
| Property Tax | −$10,193 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$14,990 |
| Annual NOI | $23,417 |
| Cap Rate | 1.56% |
Cash Required to Close
| Down Payment (20%) | $299,800 |
| Ontario Land Transfer Tax | $26,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $329,255 |
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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