303 South Park Road, Markham
Markham
$879,000
Cash flow, cap rate & mortgage breakdown
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Listed by HOMELIFE BROADWAY REALTY INC.
Investment Analysis
Key Facts
Type
Condo Townhouse
Bedrooms
3
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,950/mo
Estimated from market price-to-rent ratios
Remarks
Beautiful luxury 3-storey townhouse in a prime Thornhill location. Functional layout and stylish modern finishes. Featuring 9-foot ceilings on the main floor, brand new vinyl flooring, and a spacious rooftop terrace. Contemporary kitchen with quartz countertop, stainless steel appliances and eat-in breakfast area. Bright, and inviting open-concept living and dining rooms. Includes direct access to a built-in garage plus 1 additional underground parking space. Enjoy the convenience of snow removal, landscaping, and exceptional condominium amenities. Located within the boundaries of top-ranked St. Robert Catholic High School and Thornlea Secondary School, and just steps to public transit, parks, restaurants, shopping, and everyday amenities. Minutes to Hwy 404 and 407.
MississaugaInvestor.ca
303 South Park Road
Condo Townhouse · 3bd/3ba · ~1,500 sqft
$879,000
Cash-Flow Report · July 31, 2026
Cap Rate
2.07%
Monthly Cash Flow
-$2,530/mo
Estimated Rent
$2,950/mo
Cash-on-Cash
-15.74%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,950 |
| Mortgage | −$4,046 |
| Property Tax | −$498 |
| Insurance | −$225 |
| Condo Fee | −$563 |
| Vacancy (5%) | −$148 |
| Cash Flow | -$2,530/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$35,400 |
| Vacancy (5%) | −$1,770 |
| Property Tax | −$5,977 |
| Insurance | −$2,700 |
| Condo Fee | −$6,756 |
| Annual NOI | $18,197 |
| Cap Rate | 2.07% |
Cash Required to Close
| Down Payment (20%) | $175,800 |
| Ontario Land Transfer Tax | $14,055 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $192,855 |
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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