8 Cedarland Drive 1211, Markham

$399,000
8 Cedarland Drive 1211

$399,000

New
18d
Condo ApartmentApartment

8 Cedarland Drive 1211, Markham

Total Monthly Obligation $2,523

HausQ Valuation Report
Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
18d
Score
23
Yield
7.2%
Cash on Cash
0.3%
Cap Rate
4.7%
5Y IRR
15.8%
10Y IRR
14.8%
Property Type-Condo Apartment
MLS® Number-N13860730
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 5, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,780.11 (2025)
Maintenance-$481.56/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Other)
Brokerage-RE/MAX ATRIUM HOME REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Unionville
Title-Residential Condo & Other

No agent assigned

Welcome to Unit 1211 at 8 Cedar Lane Drive - a beautifully appointed 1 Bedroom + Den residence offering 648 sq. ft. of thoughtfully designed living space in a highly sought-after location. This sophisticated suite combines modern elegance with a warm and cozy atmosphere, featuring a functional open-concept layout, a versatile den ideal for a home office or additional living space, and a private balcony perfect for relaxing and enjoying the views. Complete with 1 parking space and 1 locker, this home offers both comfort and everyday convenience. Residents enjoy an impressive selection of building amenities, adding to the elevated condo lifestyle. Ideally located with easy access to shopping, dining, transit, parks, major routes, and everyday essentials. Perfect for first-time buyers, professionals, downsizers, or investors looking for a stylish and well-connected place to call home. An exceptional opportunity to own a beautiful suite in a prime location - just move in and enjoy!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$319,200
Land Transfer Taxes$4,460
Legal Fees (Est.)
$
Total cash required for closing$85,760

Total Monthly Obligation

$2,523/mo
Mortgage $1,609
Monthly Loss $2,099
Principal$424
Interest$1,186
Property Tax$232
Condo Fees$482
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.7%24
Cash-on-Cash
-5.3%2
5-Year IRR
11.7%48
10-Year IRR
12.1%
Returns Index
24.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
23/ 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
$28,596/yr
NOI
$14,778/yr
Net Cash Flow
-$378/mo
Cash Margin
-15.9%0
Cash Flow Index
0.2/ 100
Risk Profile
Weight: 20%
DSCR
0.7713
LTV Ratio
80.0%18
Vacancy Buffer
3.8 mo65
Risk Index
32.0/ 100

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

Comparables

Properties near 8 Cedarland Drive 1211

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.