Markham Investment Property | Buying Rentals in Markham

Neeraj Moolchandani is a REALTOR® in Markham, Ontario, and cofounder of the Kaizen Real Estate Team, one of the teams Markham families trust with their biggest moves.
By Neeraj Moolchandani, REALTOR® · Cofounder, Kaizen Real Estate Team · eXp Realty, Brokerage

The short answer

Markham rental demand is supported by jobs, transit and schools. In October 2026 Zumper reported average rents of $1,924 for one bedroom, $2,347 for two bedrooms and $2,991 for three bedrooms, while TRREB reported a September 2026 condo apartment average of $574,612. At those numbers, many condos do not cash flow with a large mortgage, so investors focus on long term appreciation, larger down payments, legal secondary suites or value add opportunities. Always run full numbers first.

$1,924Average 1 bedroom rent

$2,347Average 2 bedroom rent

$2,991Average 3 bedroom rent

$574,612Condo apartment average

Source: Zumper Markham rent research, October 2026; TRREB Market Watch, City of Markham, September 2026.

Run the Full Numbers

Mortgage payment at today's rate
Property tax and insurance
Condo fees and any special assessments
Maintenance and vacancy allowance
Property management, if used
Closing costs and land transfer tax

Estimate payments on our mortgage calculator.

Investment Options

Markham rental options
Option	Strengths	Watch for
Condo apartment	Lower entry price, easy upkeep	Fees, rental rules, cash flow
Townhouse	Family tenant demand	Higher price, maintenance
Detached with legal suite	Two rents, long term land value	Permits, registration, higher price
Value add home	Upside from updates	Renovation risk and timelines

Want an honest cash flow review on a property? Call or text Neeraj at (647) 370 8885

Rules to Know

Secondary suites must meet building and fire code and be registered with the City of Markham
Condo declarations can limit rentals and short term stays
Ontario's Residential Tenancies Act governs leases, rent increases and ending a tenancy
Many units first occupied after November 15, 2018 are exempt from the annual rent increase guideline; confirm for each unit

Learn more in Legal Basement Apartments in Markham and First Time Landlord's Guide to Markham.

Start With a Conversation

No pressure and no obligation. Tell Neeraj what you are planning, and get honest advice with real Markham numbers.

Call (647) 370 8885 Book a Consultation

Call or text (647) 370 8885 · info@kaizenrealestate.ca
Kaizen Real Estate Team, eXp Realty, Brokerage · 9763 Markham Rd, Markham, ON L6E 1A4

Investing in Markham, Answered

Is Markham good for real estate investment?

Markham's employment, transit and school driven demand support long term ownership, but many condos do not cash flow with a large mortgage. Run full numbers first.

What is the average rent in Markham?

Zumper reported $1,924 for one bedroom, $2,347 for two bedrooms and $2,991 for three bedrooms in October 2026.

Can I rent out a basement in Markham?

Yes, if the suite meets building and fire code and is registered with the City of Markham.

Are new rentals exempt from rent control in Ontario?

Many units first occupied as residential after November 15, 2018 are exempt from the annual rent increase guideline. Confirm with a lawyer for any unit.

Which Markham properties rent best?

Condos near transit and jobs and family townhomes near schools tend to see steady demand.

Related Services and Guides

From the Markham Blog

Have a question these guides do not answer? Call or text Neeraj at (647) 370 8885

Sources: Zumper Markham rent research, October 2026; TRREB Market Watch, City of Markham, September 2026; City of Markham; Residential Tenancies Act, 2006.

Neeraj Moolchandani, REALTOR®, Kaizen Real Estate Team, eXp Realty, Brokerage. Reviewed by Neeraj Moolchandani on October 28, 2026. General information only, not legal, tax or financial advice. Commission is negotiable and any rate shown is for illustration only. Market commentary describes current conditions and is not a promise of future prices. Not intended to solicit properties currently under contract.