3865 Major Mackenzie Drive W 216, Vaughan

$699,999
3865 Major Mackenzie Drive W 216

$699,999

New
25d
Condo Apartment2-Storey

3865 Major Mackenzie Drive W 216, Vaughan

Total Monthly Obligation $4,038

Beds
2
Baths
3
Park
1
Sqft
1000-1199
DOM
25d
Score
16
Yield
4.7%
Cash on Cash
-8.6%
Cap Rate
2.7%
5Y IRR
8.8%
10Y IRR
9.3%
Property Type-Condo Apartment
MLS® Number-N13835378
Beds-2
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Sep 28, 2026
Style-2-Storey
Building Type-Condo Apartment
Taxes-$2,586 (2025)
Maintenance-$799.35/mo
Locker-Ensuite
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-NEW ERA REAL ESTATE
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Vellore Village
Title-Residential Condo & Other

No agent assigned

Welcome to this exceptional two-storey condo residence in the heart of highly sought-afterVellore Village. Thoughtfully designed and beautifully maintained, this bright and spacious home offers an ideal blend of comfort, functionality, and style. The open-concept layout features generous living and entertaining spaces enhanced by soaring 9-foot ceilings and large windows that fill the home with natural light. The versatile dining area, complete with double doors, can easily serve as a home office, guest room, or third bedroom to suit your lifestyle needs. The well-appointed kitchen overlooks the main living area, creating a seamless flow for everyday living and entertaining. Upstairs, you'll find two spacious bedrooms, each featuring its own charming Juliet balcony. The primary retreat includes a walk-in closet and a private ensuite bathroom, providing a comfortable and relaxing escape. Enjoy the convenience of three full bathrooms, underground parking with elevator access, and abundant visitor parking. Ideally situated within walking distance to schools, parks, community amenities, shopping, and everyday conveniences, with quick access to Highway 400 for effortless commuting. An outstanding opportunity to own a move-in-ready home in one of Vaughan's most desirable family-friendly communities.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$559,999
Land Transfer Taxes$10,475
Legal Fees (Est.)
$
Total cash required for closing$151,975

Total Monthly Obligation

$4,038/mo
Mortgage $2,824
Monthly Loss $3,295
Principal$743
Interest$2,081
Property Tax$216
Condo Fees$799
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.5%0
5-Year IRR
5.9%14
10-Year IRR
7.6%
Returns Index
8.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$32,880/yr
NOI
$15,014/yr
Net Cash Flow
-$1,572/mo
Cash Margin
-57.4%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.1/ 100

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

Comparables

Properties near 3865 Major Mackenzie Drive W 216

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.