16 Lepp Drive, Markham

$1,368,000
16 Lepp Drive

$1,368,000

New
23d
Detached2-Storey

16 Lepp Drive, Markham

Total Monthly Obligation $6,423

Beds
6
Baths
4
Park
2
Sqft
2000-2500
DOM
23d
Score
15
Yield
3.1%
Cash on Cash
-10.1%
Cap Rate
2.4%
5Y IRR
7.7%
10Y IRR
8.4%
Property Type-Detached
MLS® Number-N13852526
Beds-6
Bathrooms-4
Size-2000-2500 sqft
Lot Size-36.12 × 91.95 ft
Listed on site-Sep 30, 2026
Style-2-Storey
Building Type-Detached
Age-0-5
Taxes-$6,359 (2025)
Parking-4 - Built-In
Basement-Separate Entrance, Finished, Apartment
Heating-Forced Air (Gas)
Brokerage-SUPERSTARS REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-West
Exterior-Brick
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-flexible
Neighbourhood-Middlefield
Title-Residential Freehold

No agent assigned

Welcome to 16 Lepp Drive in Markham's sought-after Middlefield community! This three-year-old home features 9-foot ceilings, extensive upgrades throughout, and nearly 3,000 sq. ft. of living space. Enjoy a spacious, open-concept layout ideal for everyday living and entertaining, complemented by four generously sized bedrooms.The finished basement apartment offers a separate side entrance, two bedrooms, a full bathroom, its own laundry, and a kitchen, with potential rental income of up to $2,000 per month.Situated in a quiet neighbourhood, this home offers convenient access to restaurants, grocery stores, Costco, Home Depot, Markville Mall, Highway 407, and Aaniin Community Centre. An exceptional opportunity to enjoy space, comfort, and convenience in an established Markham community!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,094,400
Land Transfer Taxes$23,835
Legal Fees (Est.)
$
Total cash required for closing$298,935

Total Monthly Obligation

$6,423/mo
Mortgage $5,518
Monthly Loss $4,971
Principal$1,452
Interest$4,066
Property Tax$530
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.3%0
5-Year IRR
5.1%11
10-Year IRR
6.8%
Returns Index
7.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$42,156/yr
NOI
$27,081/yr
Net Cash Flow
-$3,261/mo
Cash Margin
-92.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.413
LTV Ratio
80.0%18
Vacancy Buffer
1.5 mo23
Risk Index
15.0/ 100

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

Comparables

Properties near 16 Lepp Drive

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.