247 Mingay Avenue, Markham

$988,000
247 Mingay Avenue

$988,000

New
25d
Semi-Detached 2-Storey

247 Mingay Avenue, Markham

Total Monthly Obligation $4,747

Beds
4
Baths
4
Park
2
Sqft
1500-2000
DOM
25d
Score
17
Yield
4.1%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Semi-Detached
MLS® Number-N13834006
Beds-4
Bathrooms-4
Size-1500-2000 sqft
Lot Size-24.37 × 106.73 ft
Listed on site-Sep 28, 2026
Style-2-Storey
Building Type-Semi-Detached
Taxes-$4,643 (2025)
Parking-4 - Detached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-HOMELIFE LANDMARK REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-East
Exterior-Brick
Roof-Unknown
Foundation-Other
Sewer-Sewer
Possession-TBA
Neighbourhood-Wismer
Title-Residential Freehold

No agent assigned

Rare Double-Car Garage Semi In Prime Wismer! Welcome To This Beautifully Maintained And Extensively Upgraded Brick Semi-Detached Home, Ideally Situated In One Of Markham's Most Sought-After Family Communities. The Current Owner Has Invested More Than $50K In Upgrades Since 2019, Including Updated Flooring Throughout, Appliances, Heating/Cooling Equipment, Exterior Doors, And Extensive Front And Backyard Hardscaping. Inside, Enjoy A Bright And Functional Family Layout Featuring A Well-Appointed Kitchen With Granite Countertops, Ceramic Backsplash And Gas Stove, Upgraded Bathrooms With Quartz Countertops, And Generous Living Spaces Throughout. Upgraded Interlocked Backyard. The Professionally Finished Basement With 3-Piece Bath Adds Valuable Additional Space For Recreation, Guests, Extended Family Or A Home Office. The Location Is Truly Hard To Beat-Wismer Public School, Bur Oak Secondary School And San Lorenzo Ruiz Catholic Elementary School Are All Within Walking Distance, Along With Shopping, Transit And Mount Joy GO Station. Steps To Beautiful Wismer Park, Offering Sports Fields, Splash Pad, Tennis And Basketball Courts, Playgrounds, Walking Trails And Outdoor Exercise Areas, Plus Exciting Upcoming Amenities Including A Soccer Pitch, Synthetic Ice Rink And Pickleball/Multi-Purpose Sports Courts. A Rare Combination Of A Double Garage, Extensive Upgrades, Finished Basement, Excellent Schools, GO Access And Outstanding Neighbourhood Amenities. Pride Of Ownership Throughout-An Ideal Home For A Growing Family!

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

Closing Costs

Mortgage Amount
$790,400
Land Transfer Taxes$16,235
Legal Fees (Est.)
$
Total cash required for closing$215,335

Total Monthly Obligation

$4,747/mo
Mortgage $3,985
Monthly Loss $3,699
Principal$1,049
Interest$2,937
Property Tax$387
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.7%16
Cash-on-Cash
-9.8%1
5-Year IRR
7.8%22
10-Year IRR
8.9%
Returns Index
12.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$40,104/yr
NOI
$26,951/yr
Net Cash Flow
-$1,739/mo
Cash Margin
-52.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.566
LTV Ratio
80.0%18
Vacancy Buffer
2.0 mo32
Risk Index
18.6/ 100

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

Comparables

Properties near 247 Mingay Avenue

Time

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