388 Handley Crescent, Newmarket
Newmarket
$938,888
Cash flow, cap rate & mortgage breakdown
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Listed by CENTURY 21 PERCY FULTON LTD.
Investment Analysis
Key Facts
Type
Detached
Bedrooms
4
Bathrooms
2
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,400/mo
Estimated from market price-to-rent ratios
Remarks
Nestled on a quiet, family-oriented street in sought-after Newmarket, this well-cared-for home offers the perfect balance of comfort and convenience. Featuring 4 generously sized bedrooms, it's an ideal fit for families, professionals, or anyone looking for versatile living space.A standout feature is the newly completed basement, finished with a modern touch. It showcases stylish flooring, upgraded lighting, a beautifully refreshed staircase, and a warm, inviting living room - creating the perfect setting for relaxing evenings, a home office, or hosting guests.Step outside and enjoy a prime location just moments from highly regarded schools, public transit, picturesque walking trails, and the vibrant shops and restaurants of downtown Newmarket. Everything you need-from daily essentials to weekend ments-is within easy reach.Offering a combination of thoughtful updates, functional space, and an unbeatable location, this home presents an exceptional opportunity you won't want to overlook.
MississaugaInvestor.ca
388 Handley Crescent
Detached · 4bd/2ba · ~1,300 sqft
$938,888
Cash-Flow Report · August 1, 2026
Cap Rate
2.02%
Monthly Cash Flow
-$2,741/mo
Estimated Rent
$3,400/mo
Cash-on-Cash
-15.96%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,400 |
| Mortgage | −$4,322 |
| Property Tax | −$642 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$782 |
| Vacancy (5%) | −$170 |
| Cash Flow | -$2,741/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$40,800 |
| Vacancy (5%) | −$2,040 |
| Property Tax | −$7,699 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,389 |
| Annual NOI | $18,972 |
| Cap Rate | 2.02% |
Cash Required to Close
| Down Payment (20%) | $187,777.6 |
| Ontario Land Transfer Tax | $15,253 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $206,030.6 |
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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