16 Rinas Avenue, Markham

$4,280,000
16 Rinas Avenue

$4,280,000

New
32d
Detached2-Storey

16 Rinas Avenue, Markham

Total Monthly Obligation $19,078

Beds
7
Baths
7
Park
6
Sqft
5000 +
DOM
32d
Score
13
Yield
1.7%
Cash on Cash
-15.6%
Cap Rate
1.2%
5Y IRR
3.5%
10Y IRR
5.3%
Property Type-Detached
MLS® Number-N13810484
Beds-7
Bathrooms-7
Size-5000 + sqft
Lot Size-72.39 × 274.34 ft
Listed on site-Sep 21, 2026
Style-2-Storey
Building Type-Detached
Taxes-$17,260.76 (2026)
Parking-10 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTRON LUCKY PENNY HOMES REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick, Stone
Roof-Unknown
Foundation-Unknown
Sewer-Sewer
Possession-TBA
Neighbourhood-Victoria Square
Title-Residential Freehold

No agent assigned

This exceptional family residence features a rare 3+1 tandem garage and is situated on an impressive approximately 72 X 274 ft lot, surrounded by parks, mature greenery and peaceful outdoor spaces. The impressive main floor features soaring 10ft ceilings, a library with wainscotting and French doors, an elegant dining room with a walkout to the deck, and a dramatic open-to-above living room with walkouts to the deck, side yard and overlooking the waterfall feature. The spacious chef's kitchen is equipped with built-in appliances, a gas cooktop, centre island and heated flooring, opening seamlessly to a bright breakfast area with a walkout to the backyard deck. The inviting family room features a coffered ceiling, gas fireplace and beautiful backyard views. The second floor offers five generously sized bedrooms and each room with ensuite and walkin closet. The luxurious primary suite features his-and-hers closets, tranquil backyard views and a spa-inspired 7-piece ensuite with heated flooring. The finished walk-up basement provides exceptional additional living space, complete with a large recreation room, kitchen, two bedrooms, a 3-piece bathroom, laundry room and spacious mirrored gym with direct access to the backyard. The spectacular backyard has been professionally landscaped. Beautiful stonework, a captivating water feature with two fountains( front & back), thoughtfully designed seating and entertaining areas, and a premium hot tub combine to deliver an exceptional resort-style experience at home. Located in an excellent school district with highly ranked elementary and secondary schools, including one of the area's top-ranked high schools. Enjoy outstanding convenience with easy access to highways, Costco, supermarkets, shopping, parks and everyday amenities. An outstanding home offering exceptional space, comfort, privacy and convenience in a highly desirable community.

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%
%
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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$3,424,000
Land Transfer Taxes$93,475
Legal Fees (Est.)
$
Total cash required for closing$950,975

Total Monthly Obligation

$19,078/mo
Mortgage $17,264
Monthly Loss $14,535
Principal$4,543
Interest$12,721
Property Tax$1,438
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
1.0%8
Cash-on-Cash
-17.6%0
5-Year IRR
1.8%4
10-Year IRR
4.3%
Returns Index
3.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
13/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$74,004/yr
NOI
$44,843/yr
Net Cash Flow
-$13,527/mo
Cash Margin
-219.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.222
LTV Ratio
80.0%18
Vacancy Buffer
0.5 mo12
Risk Index
10.6/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 16 Rinas Avenue

Time

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