515- 28 Uptown Drive, Markham
Markham
$535,000
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
$2,200/mo
Estimated from market price-to-rent ratios
Remarks
Bright and spacious 1+1 unit in Unionville. Lots of natural light. Move in condition. Den with door, big enough to function as a second bedroom or private home office. Open-concept living and dining area with walkout balcony. Enjoy 24-hour concierge service, fitness centre, party room, game room, and more. Steps to supermarkets, banks, cafés, restaurants, public transit, and parks; minutes to Markham City Centre, York University, and First Markham Place; easy access to Highways 407 and 404.
MississaugaInvestor.ca
515- 28 Uptown Drive
Condo Apartment · 2bd/1ba · ~650 sqft
$535,000
Cash-Flow Report · August 1, 2026
Cap Rate
2.27%
Monthly Cash Flow
-$1,449/mo
Estimated Rent
$2,200/mo
Cash-on-Cash
-14.84%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,200 |
| Mortgage | −$2,463 |
| Property Tax | −$303 |
| Insurance | −$225 |
| Condo Fee | −$548 |
| Vacancy (5%) | −$110 |
| Cash Flow | -$1,449/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$26,400 |
| Vacancy (5%) | −$1,320 |
| Property Tax | −$3,638 |
| Insurance | −$2,700 |
| Condo Fee | −$6,576 |
| Annual NOI | $12,166 |
| Cap Rate | 2.27% |
Cash Required to Close
| Down Payment (20%) | $107,000 |
| Ontario Land Transfer Tax | $7,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $117,175 |
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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