1801- 18 Water Walk Drive, Markham
Markham
$559,800
Cash flow, cap rate & mortgage breakdown
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Listed by RE/MAX EXCEL REALTY LTD.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
1
Bathrooms
1
Days on Market
1
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$1,850/mo
Estimated from market price-to-rent ratios
Remarks
Sun-Filled East Exposure Living Overlooking the Park! Wake up to glowing eastern sun and rare, unobstructed greenery in this impeccably maintained 1-bedroom gem. Originally owner-occupied and handled with "white-glove" care. Soaring 9-foot Ceilings and Pet-Free, Carpet-Free Laminate Flooring. this unit boasts a sleek, modern kitchen with quartz counters and a seamless flow to a spacious private balcony. Parking and locker are located both on the same level and only steps away from elevator. Keyless Entry and Condo Phone Control App to manage your condo lifestyle with ease. Dive into world-class amenities including a 24-hour concierge, indoor pool, gym, yoga/dance studio, library, pet spa, party room, games room, car wash bay, lounge, rooftop terrace with BBQs, and visitor parking. Situated in the heart of it all: walk to Whole Foods, LCBO, VIP Cineplex, and the charm of Main St Unionville. With the 404/407 and GO Transit at your fingertips, commuting is a breeze. Located within the highly sought-after Unionville High School District, one of the top-ranked schools in Ontario. Perfect for end users or investors. Book your showing today!
MississaugaInvestor.ca
1801- 18 Water Walk Drive
Condo Apartment · 1bd/1ba · ~650 sqft
$559,800
Cash-Flow Report · August 2, 2026
Cap Rate
1.72%
Monthly Cash Flow
-$1,776/mo
Estimated Rent
$1,850/mo
Cash-on-Cash
-17.38%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$1,850 |
| Mortgage | −$2,577 |
| Property Tax | −$317 |
| Insurance | −$225 |
| Condo Fee | −$414 |
| Vacancy (5%) | −$93 |
| Cash Flow | -$1,776/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$22,200 |
| Vacancy (5%) | −$1,110 |
| Property Tax | −$3,807 |
| Insurance | −$2,700 |
| Condo Fee | −$4,968 |
| Annual NOI | $9,615 |
| Cap Rate | 1.72% |
Cash Required to Close
| Down Payment (20%) | $111,960 |
| Ontario Land Transfer Tax | $7,671 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $122,631 |
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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