1 Royal Orchard Boulevard 502, Markham

$579,000
1 Royal Orchard Boulevard 502

$579,000

New
25d
Condo ApartmentApartment

1 Royal Orchard Boulevard 502, Markham

Total Monthly Obligation $3,704

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
25d
Score
20
Yield
7.0%
Cash on Cash
-1.6%
Cap Rate
4.2%
5Y IRR
14.3%
10Y IRR
13.6%
Property Type-Condo Apartment
MLS® Number-N13835286
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Sep 28, 2026
Style-Apartment
Building Type-Condo Apartment
Age-31-50
Taxes-$2,318.64 (2026)
Maintenance-$975.2/mo
Locker-Ensuite
Parking-1 - Underground
Basement-None
Heating-Radiant (Electric)
Brokerage-CENTURY 21 HERITAGE GROUP LTD.
Cooling-Wall Unit(s)
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick
Foundation-Brick, Concrete
Possession-TBD
Neighbourhood-Royal Orchard
Title-Residential Condo & Other

No agent assigned

Welcome to this beautifully maintained, west-facing corner suite in the heart of Olde Thornhill's forested Royal Orchard community. Bright, freshly painted and larger than most condos in the area, this 3-bedroom home offers neutral décor and a rare private wraparound L-shaped balcony of over 400 sq ft, ideal for morning coffee, entertaining or a container garden. The upgraded kitchen features glass-front upper cabinets, abundant drawers and counter space, a large pantry, upgraded lighting and newer stainless appliances, including a brand-new built-in dishwasher, 2-door fridge and nearly new electric stove. Brand-new Midea front-load washer and heat-pump dryer, plus a very large walk-in storage room/locker with extensive shelving beside the laundry and kitchen. A custom mirrored storage area in the living room adds even more space, and the primary bedroom offers his-and-hers closets and a 2-pc ensuite. Fully renovated 4-pc bath with Jacuzzi tub. Includes one of the building's most convenient underground parking spots, plus ample visitor parking. Steps to transit, with grocery, pharmacy, restaurants and shops a 5-minute walk away and great schools nearby. Enjoy the standalone Orchard Club, with an indoor pool, sauna, gym, tennis and basketball courts, rec room, woodworking shop and more, all included in the maintenance fees. Maintenance fees also cover heat, water, Rogers internet and cable TV, parking, common elements and building insurance (hydro approx. $37/month). This home is in perfect move-in condition. The last unit with the same layout sold very quickly, so don't miss out! A rare find. Please note: The unit is unfurnished. Some photos have been virtually staged using AI to show how the space could look.

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

Closing Costs

Mortgage Amount
$463,200
Land Transfer Taxes$8,055
Legal Fees (Est.)
$
Total cash required for closing$125,355

Total Monthly Obligation

$3,704/mo
Mortgage $2,336
Monthly Loss $3,089
Principal$615
Interest$1,721
Property Tax$193
Condo Fees$975
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.4%22
Cash-on-Cash
-6.5%2
5-Year IRR
10.8%41
10-Year IRR
11.4%
Returns Index
21.4/ 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
$40,440/yr
NOI
$19,975/yr
Net Cash Flow
-$671/mo
Cash Margin
-19.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7110
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
23.5/ 100

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

Comparables

Properties near 1 Royal Orchard Boulevard 502

Time

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Data last updated within the past 24 hours.