
38 Coleluke Lane, Markham
Markham
$994,900
Cash flow, cap rate & mortgage breakdown
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Listed by ROYAL LEPAGE SIGNATURE REALTY
Investment Analysis
Key Facts
Type
Semi-Detached
Bedrooms
5
Bathrooms
4
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
Suite Potential (+$1,445/mo)
Rent Estimate
Estimated from market price-to-rent ratios · Verify suite legality with the City of Mississauga
Remarks
Welcome To 38 Coleluke Lane, An Impeccably Maintained Carpet-Free Semi-Detached Home Located In One Of Markham's Most Desirable Family-Friendly Communities. This Bright And Spacious Home Offers An Exceptional Layout Designed For Modern Living, Featuring A Versatile Second-Floor Family Room That Can Easily Be Converted Into A 4th Bedroom. The Contemporary Kitchen Is Equipped With Stainless Steel Appliances And Overlooks The Inviting Living And Dining Areas, Making It Ideal For Everyday Living And Entertaining. Retreat To The Generous Primary Bedroom Featuring A Walk-In Closet And A Private Ensuite Bathroom. Step Outside To A Fully Fenced Backyard Complete With A Large Deck-Perfect For Summer BBQs, Entertaining Guests, Or Simply Unwinding. Additional Upgrades Include A Water Purification System For Added Comfort And Convenience. Situated In An Unbeatable Location, Just Minutes To Top-Rated Schools, Parks, Costco, Shopping, Restaurants, TTC And YRT Transit, And Major Highways, This Home Offers The Perfect Blend Of Comfort, Style, And Convenience. A Fantastic Opportunity To Own A Move-In-Ready Home In One Of Markham's Most Sought-After Neighbourhoods.The Property Also Includes A Basement Apartment Currently Occupied By A Long-Term, Excellent Tenant Who Has Been Residing There Since 2021. The Tenant Is Willing To Remain, Providing An Attractive Opportunity For Buyers Seeking Rental Income, Or Is Willing To Vacate Should The New Owner Prefer.
MississaugaInvestor.ca
38 Coleluke Lane
Semi-Detached · 5bd/4ba · ~1,750 sqft
$994,900
Cash-Flow Report · August 1, 2026
Cap Rate
3.37%
Monthly Cash Flow
-$1,784/mo
Estimated Rent
$4,645/mo
Cash-on-Cash
-9.8%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,645 |
| Mortgage | −$4,579 |
| Property Tax | −$564 |
| Insurance | −$225 |
| Maintenance (1% of value/yr) | −$829 |
| Vacancy (5%) | −$232 |
| Cash Flow | -$1,784/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$55,740 |
| Vacancy (5%) | −$2,787 |
| Property Tax | −$6,765 |
| Insurance | −$2,700 |
| Maintenance (1% of value/yr) | −$9,949 |
| Annual NOI | $33,539 |
| Cap Rate | 3.37% |
Cash Required to Close
| Down Payment (20%) | $198,980 |
| Ontario Land Transfer Tax | $16,373 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $218,353 |
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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