2516 Bur Oak Avenue, Markham

$749,000
2516 Bur Oak Avenue

$749,000

New
20d
Att/Row/Townhouse3-Storey

2516 Bur Oak Avenue, Markham

Total Monthly Obligation $3,665

HausQ Valuation Report
Beds
3
Baths
3
Park
2
Sqft
1100-1500
DOM
20d
Score
20
Yield
5.1%
Cash on Cash
-1.3%
Cap Rate
4.3%
5Y IRR
14.5%
10Y IRR
13.8%
Property Type-Att/Row/Townhouse
MLS® Number-N13859364
Beds-3
Bathrooms-3
Size-1100-1500 sqft
Lot Size-12.99 × 100.33 ft
Listed on site-Oct 3, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Taxes-$3,228.28 (2025)
Parking-3 - Built-In
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-PROMPTON REAL ESTATE SERVICES CORP.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-30/60/90
Neighbourhood-Cornell
Title-Residential Freehold

No agent assigned

**Legally Registered as 3bedroom at MPAC** Prime opportunity calling for upsizers, first time homebuyers who are shy of the dusty surrounding of brand new homes in the initial years. A neat, quiet freehold townhome in the highly desirable Upper Cornell community. Original Owner with pride of ownership & care. Featuring direct garage access & an extended private driveway, this well-maintained home offers a functional layout with walkout access from the kitchen to a spacious deck-perfect for outdoor dining & entertaining. G/F powder room can be potentially turned into full bathroom to form an in-law suite, along with the current open concept 3rd bedroom. The modern kitchen is equipped island for gatherings. Ensuite FULL BATHROOM in ALL BEDROOMS providing added comfort & convenience. Pampered & cozy upgraded broadloom & underpadding in most living areas. A spacious unfinished basement is awaiting your imagination comes to live. Front lawn landscaping & paved walkway. Ideally situated close to parks, scenic ponds, schools, the GO Station, and hospital amenities.

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

Closing Costs

Mortgage Amount
$599,200
Land Transfer Taxes$11,455
Legal Fees (Est.)
$
Total cash required for closing$162,755

Total Monthly Obligation

$3,665/mo
Mortgage $3,021
Monthly Loss $2,870
Principal$795
Interest$2,226
Property Tax$269
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.5%23
Cash-on-Cash
-6.1%2
5-Year IRR
10.8%41
10-Year IRR
11.2%
Returns Index
21.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$38,040/yr
NOI
$26,508/yr
Net Cash Flow
-$812/mo
Cash Margin
-25.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7311
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
23.9/ 100

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

Comparables

Properties near 2516 Bur Oak Avenue

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.