16 Forest Manor Place, Markham

$1,788,000
16 Forest Manor Place

$1,788,000

New
28d
Detached2-Storey

16 Forest Manor Place, Markham

Total Monthly Obligation $8,247

Beds
5
Baths
5
Park
3
Sqft
3000-3500
DOM
28d
Score
15
Yield
3.3%
Cash on Cash
-8.7%
Cap Rate
2.7%
5Y IRR
8.7%
10Y IRR
9.3%
Property Type-Detached
MLS® Number-N13828054
Beds-5
Bathrooms-5
Size-3000-3500 sqft
Lot Size-48.15 × 106.79 ft
Listed on site-Sep 25, 2026
Style-2-Storey
Building Type-Detached
Taxes-$7,920.14 (2026)
Parking-5 - Attached
Basement-Finished, Separate Entrance
Heating-Forced Air (Gas)
Brokerage-ANJIA REALTY
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-West
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-60 Days/TBA
Neighbourhood-Wismer
Title-Residential Freehold

No agent assigned

Welcome To This Beautifully Maintained 2-Storey Family Home, Situated On A Premium Lot Directly Facing The Park In The Highly Sought-After And Family-Friendly Wismer Community. This Sun-Filled Executive Residence Offers Nearly 3,100 Sq. Ft. Of Upgraded Living Space With A Functional And Family-Oriented Layout. The Main Floor Features 9-Ft Ceilings, Hardwood Flooring Throughout, A Spacious Family Room With A Gas Fireplace, Combined Living And Dining Areas, And A Versatile Library Ideal For A Home Office Or Quiet Retreat. The Gourmet Kitchen Features Quartz Countertops With A Stylish Backsplash, Stainless Steel Appliances, And Custom Cabinetry, Seamlessly Connecting To The Bright Eat-In Area-Perfect For Everyday Family Meals. A Convenient Laundry Room Provides Direct Access To Both The Garage And Basement. Upstairs, The Spacious Primary Suite Offers A Private Retreat With Ample Space For A King-Sized Bed And A Comfortable Sitting Area. Two Additional Bedrooms Share A Semi-Ensuite Bathroom, The Fourth Bedroom Features The Privacy And Convenience Of Its Own Full Ensuite.The Finished Basement With A Separate Entrance Adds Exceptional Versatility, Featuring A Wet Bar, One Bedroom, And A 3-Piece Bathroom-Ideal For Extended Family, Guests, Or Potential Rental Income.Conveniently Located Close To Top-Rated Schools, Including Bur Oak H.S., Community Centres, Markville Mall, GO Station, Grocery Stores, Parks, And A Wide Range Of Everyday Amenities. A Wonderful Opportunity To Own A Spacious, Well-Maintained, And Versatile Family Home In One Of Markham's Most Desirable Neighbourhoods.

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

Closing Costs

Mortgage Amount
$1,430,400
Land Transfer Taxes$32,235
Legal Fees (Est.)
$
Total cash required for closing$391,335

Total Monthly Obligation

$8,247/mo
Mortgage $7,212
Monthly Loss $6,349
Principal$1,898
Interest$5,314
Property Tax$660
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.3%14
Cash-on-Cash
-11.8%0
5-Year IRR
6.3%15
10-Year IRR
7.7%
Returns Index
9.0/ 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
$59,712/yr
NOI
$41,321/yr
Net Cash Flow
-$3,769/mo
Cash Margin
-75.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.484
LTV Ratio
80.0%18
Vacancy Buffer
1.2 mo19
Risk Index
13.8/ 100

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

Comparables

Properties near 16 Forest Manor Place

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.