277 South Park Road 115, Markham

$709,000
277 South Park Road 115

$709,000

New
22d
Condo ApartmentApartment

277 South Park Road 115, Markham

Total Monthly Obligation $4,147

Beds
2
Baths
2
Park
2
Sqft
900-999
DOM
22d
Score
16
Yield
5.0%
Cash on Cash
-7.5%
Cap Rate
3.0%
5Y IRR
9.6%
10Y IRR
10.0%
Property Type-Condo Apartment
MLS® Number-N13846828
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,070.45 (2026)
Maintenance-$831.5/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RIGHT AT HOME REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-60 days
Neighbourhood-Commerce Valley
Title-Residential Condo & Other

No agent assigned

Welcome to this bright and spacious south-facing corner suite, offering the convenience of ground-floor living in one of Markham's sought-after communities, built by the renowned Times Group Development. Thoughtfully designed with an optimal layout and no wasted space, this 2-bedroom, 2-bathroom condo features 9-ft ceilings, large windows, and abundant natural light throughout. The open-concept living and dining areas flow seamlessly into the modern kitchen, complete with granite countertops, ample cabinetry, and plenty of workspace. Both generously sized bedrooms offer excellent storage, including a closet organizer, and two full bathrooms add convenience. A standout feature is the 2 owned parking spaces, offering exceptional value and convenience. Residents also have access to an impressive range of amenities, including an indoor swimming pool, sauna, fitness centre, party room, recreation facilities, and ample visitor parking. Ideally located in the heart of Markham, with easy access to Highways 404 and 407, GO Transit, and York Region Transit. Shopping, restaurants, grocery stores, parks, medical offices, and top-rated schools are all just minutes away.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$567,200
Land Transfer Taxes$10,655
Legal Fees (Est.)
$
Total cash required for closing$153,955

Total Monthly Obligation

$4,147/mo
Mortgage $2,860
Monthly Loss $3,395
Principal$753
Interest$2,107
Property Tax$256
Condo Fees$832
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.4%14
Cash-on-Cash
-11.5%0
5-Year IRR
6.7%17
10-Year IRR
8.2%
Returns Index
9.8/ 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
$35,736/yr
NOI
$16,714/yr
Net Cash Flow
-$1,467/mo
Cash Margin
-49.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.495
LTV Ratio
80.0%18
Vacancy Buffer
2.3 mo37
Risk Index
19.9/ 100

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

Comparables

Properties near 277 South Park Road 115

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.