Freehold 4+1 backsplit townhouse in Milliken, 0.8 km to GO Station and 1.1 km to Pacific Mall
A 6-level freehold townhouse in Toronto's Milliken neighbourhood, listed at $699,000 with 4+1 bedrooms and 3 washrooms. Estimated cap rate of 4.32% with positive monthly carry beginning at the 50% down scenario.
Anatoli Chtcherbatov
Analyst · Sutton Group Admiral Realty
List price
$699,000
Cap rate
+4.32%
Est. monthly rent
$3,895
Source: comparables_widened
CF at 50% down
+$474/mo
first positive
Cash-on-cash
+1.53%
at 50% down
The Deal
A 6-level freehold townhouse in Toronto's Milliken neighbourhood, listed at $699,000 with 4+1 bedrooms and 3 washrooms.
Section · Financial Reality
Five ways to buy. The math, side by side.
Each column shows the actual monthly cash flow and cash-on-cash return at that leverage. Click a column for the full breakdown.
Acquisition
| Down payment | $244,650 |
| Mortgage principal | $454,350 |
| Land transfer tax | $10,485 |
| Closing costs | $10,485 |
| Total acquisition | $265,620 |
Monthly cash flow
| Estimated rent | +$3,895 |
| Operating expenses | -$1,380 |
| Mortgage payment | -$2,653 |
| Net cash flow | -$139/mo |
Expense breakdown
| Property tax | $0/mo |
| Vacancy allowance | $195/mo |
| Maintenance reserve | $583/mo |
| Insurance | $291/mo |
| Property management | $312/mo |
Math by deterministic Python calculator. Rate 4.99% over 25 years. Rent source: comparables_widened (6 comps).
Breakeven
This property turns cash-flow positive at 38.4% down.
Run your own scenario
Move the assumptions. See the math live.
Live result
All figures are estimates only and do not constitute financial advice. The sliders use the same math as the locked five-scenario calculator; only assumptions change. Total acquisition includes the down payment, land transfer tax ($10,485), and closing costs ($10,485).
Section · Investment Thesis
Why this property.
70 Copperwood Square is a freehold 6-level backsplit townhouse listed at $699,000 in the Milliken neighbourhood of Scarborough. The configuration of 4+1 bedrooms, 3 washrooms, an oversized private driveway, and a sub-basement recreation room with two additional dens supports a household rental strategy with flexible room use. Estimated gross annual rent is $46,740 against estimated monthly operating expenses of $1,380.10, producing an estimated annual NOI of $30,178.80 and an estimated cap rate of 4.32%.
Leverage sensitivity on this property is high. At 20% down ($139,800), the estimated monthly mortgage payment is $3,265.77 and estimated monthly cash flow is -$750.87, a cash-on-cash return of -5.60%. At 35% down ($244,650), estimated monthly cash flow improves to -$138.54, approaching breakeven at a cash-on-cash of -0.63%. At 50% down ($349,500), the property turns positive with estimated monthly cash flow of $473.79 and cash-on-cash of 1.53%. At 75% down ($524,250), estimated monthly cash flow rises to $1,494.35 (3.29% cash-on-cash), and an all-cash purchase ($699,000) produces estimated monthly cash flow of $2,514.90 and a 4.19% cash-on-cash return.
The minimum recommended down payment for positive carry is 50%. Investors comfortable with negative carry in years one and two could enter at 35% down and rely on rent escalation or principal paydown to reach breakeven, but neutral or positive monthly cash flow at current underwriting requires at least 50% equity. The leveraged scenarios carry meaningful exposure to interest-rate resets at renewal.
Location fundamentals support a long hold. The listing notes a direct distance of 1.1 km to Pacific Mall and 0.8 km to the GO Station, which anchors rental demand from commuters and students. The freehold structure (no condo fees, $0 monthly maintenance) preserves NOI relative to a comparable condo townhouse. Suitable for a portfolio builder or appreciation-oriented investor with a 60+ month hold horizon and the equity capacity to fund 50% or more of the purchase.
Key features
- Freehold townhouse, no condo or maintenance fees
- 6-level backsplit layout with 4+1 bedrooms and 3 washrooms
- Oversized private driveway
- Above-grade family room with walk-out to backyard
- Private master bedroom level with 3-piece ensuite
- Sub-basement recreation room plus two dens (office or study use)
- 0.8 km to Milliken GO Station
- 1.1 km to Pacific Mall
Original MLS description
Backsplit 6- level total freehold townhouse, Direct distance 1.1 km to Pacific Mall, 0.8km to Go Station. Oversized private driveway, 4+1 Bedrooms, 3 washrooms, excellent location, and incredible future potential. Features a spacious open-concept kitchen with ample room for family gatherings and entertaining. The above-grade family room offers direct walk-out access to the backyard, filling the space with natural light and seamless indoor-outdoor living. The private master bedroom occupies its own level and includes an 3pc ensuite bathroom, creating a comfortable retreat. 3 additional bedrooms are bright, spacious, and filled with sunshine on the upper level. sub-basement features a large size recreation room and two additional den can be used for library office or study room. (42892176)
Section · Neighborhood
Where it sits.
Milliken
Milliken sits in northeast Scarborough along the Toronto-Markham border, a mature, transit-served neighbourhood with established Asian retail anchors including Pacific Mall, listed at a direct distance of 1.1 km from the property. The Milliken GO Station on the Stouffville line is 0.8 km away, providing rail access to Union Station and supporting rental demand from downtown commuters.
The area features a stable mix of freehold townhouses and detached homes, with proximity to TTC bus routes, Highway 407, and Seneca College's Newnham campus. Demand drivers include immigration settlement patterns into north Scarborough and Markham, schools, and the retail corridor along Steeles Avenue East.
Section · Risk
What could go wrong.
Honest framing of unknowns, assumptions, and downside scenarios.
High leverage sensitivity: negative estimated monthly cash flow at both 20% and 35% down scenarios
At 20% down, estimated annual cash flow is -$9,010.44, requiring investor reserves to fund carry
Rent estimate is sourced from widened comparables (6 comps), which may introduce variance versus actual achievable rent
Listed square footage of 102 appears to be a data error in the source feed and should be verified by floor plan or measurement
Property tax shown as $0 in the financial inputs is unusual for a freehold home and should be verified prior to closing
No recent sold comparables available to validate pricing