
168 Gas Lamp Lane, Markham
Markham
$989,999
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX WEST REALTY INC.
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
4
Bathrooms
3
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Legal Suite (+$1,400/mo)
Rent Estimate
Estimated from market price-to-rent ratios
Remarks
First time ever offered! This bright and spacious 1,980 sq. ft. semi-detached home sits on a rare premium wide corner lot and offers the feel and functionality of a detached home. Designed for comfortable family living, the open-concept layout features generous principal rooms, large windows that fill the home with natural light, and an inviting flow that's perfect for both everyday living and entertaining. The bright kitchen features never-used, brand-new stainless steel appliances (fridge, stove, and dishwasher), a convenient second entrance from the porch into the home, and seamlessly connects to the living and dining areas. Upstairs, you'll find generously sized bedrooms with plenty of space for growing families, guests, or a home office. Enjoy peace of mind with major updates, including the roof (2019), furnace (2025), and washer and dryer (2024). The home also offers a spacious unfinished basement, providing endless possibilities to customize the space to suit your needs. Subject to municipal approvals and permits, buyers may wish to explore future potential for additional living space or an income-generating suite.Ideally located in the sought-after Cornell community, you're just minutes from Highway 407, Markham Stouffville Hospital, Cornell Community Centre, parks, trails, shopping, and the Cornell Bus Terminal, offering convenient local and GO Transit connections. Families will appreciate access to highly regarded schools, including Black Walnut Public School, St. Joseph Catholic Elementary School, and Bill Hogarth Secondary School. Whether you're a first-time buyer, a growing family, or simply looking for more space in one of Markham's most desirable neighbourhoods, this home offers an exceptional combination of size, location, comfort, and long-term value. Rarely does a property like this become available-don't miss your opportunity to make it yours. *Some photos virtually staged.
MississaugaInvestor.ca
168 Gas Lamp Lane
Semi-Detached · 4bd/3ba · ~1,750 sqft
$989,999
Cash-Flow Report · July 31, 2026
Cap Rate
3.34%
Monthly Cash Flow
-$1,798/mo
Estimated Rent
$4,600/mo
Cash-on-Cash
-9.93%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,600 |
| Mortgage | −$4,557 |
| Property Tax | −$561 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$825 |
| Vacancy (5%) | −$230 |
| Cash Flow | -$1,798/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,200 |
| Vacancy (5%) | −$2,760 |
| Property Tax | −$6,732 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,900 |
| Annual NOI | $33,108 |
| Cap Rate | 3.34% |
Cash Required to Close
| Down Payment (20%) | $197,999.8 |
| Ontario Land Transfer Tax | $16,275 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $217,274.8 |
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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