412 Manhattan Drive, Markham

$1,938,888
412 Manhattan Drive

$1,938,888

New
16d
Detached2-Storey

412 Manhattan Drive, Markham

Total Monthly Obligation $9,008

Beds
5
Baths
5
Park
4
Sqft
3000-3500
DOM
16d
Score
14
Yield
3.0%
Cash on Cash
-10.3%
Cap Rate
2.4%
5Y IRR
7.5%
10Y IRR
8.3%
Property Type-Detached
MLS® Number-N13870346
Beds-5
Bathrooms-5
Size-3000-3500 sqft
Lot Size-50.46 × 120.81 ft
Listed on site-Oct 7, 2026
Style-2-Storey
Building Type-Detached
Age-16-30
Taxes-$9,741 (2026)
Parking-4 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-EXP REALTY
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-Flexible
Neighbourhood-Unionville
Title-Residential Freehold

No agent assigned

Welcome to 412 Manhattan Drive, a beautifully crafted 2008 detached residence with 4 bedrooms and 4.5 bathrooms, backing onto Manhattan Park in the heart of Unionville. Approximately 3,475 square feet on a 50.46 by 120.81 foot lot, within the catchment for Markville Secondary School and Central Park Public School, two highly regarded schools. 10 foot ceilings on the main floor, 9 foot on the second floor and lower level. 8 foot solid wood doors on the main level. Real hardwood throughout. Crown moulding, wainscoting, pillars, pot lights, and an elegant foyer chandelier. Freshly repainted in a modern palette. Formal living and dining rooms set the stage for entertaining, while the family room and granite kitchen anchor everyday life. A side entrance opens to the laundry and mudroom with direct garage access. Upstairs, every bedroom is generously sized. The primary suite offers a walk in closet with built in shelving and an ensuite with bidet and seamless glass shower. A Jack and Jill bath connects two bedrooms, and the back bedroom features a three sided walk in closet.The finished lower level, with 9 foot ceilings and lookout windows, includes a full second kitchen with eating area, a 4 piece bath, a gym or flex space, a cedar closet, and a finished cold cellar. Ideal for multi generational living. Peace of mind is built in: owned furnace (2022) and hot water tank (2024), 200 amp panel, central vacuum, waterproofed basement, in ground sprinklers, and a custom shed with power. Double car garage plus two driveway spaces. Minutes to Main Street Unionville, Toogood Pond, Markville Mall, Centennial GO, and Highway 407.A rare Unionville offering. Private appointments available.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$1,551,110
Land Transfer Taxes$35,253
Legal Fees (Est.)
$
Total cash required for closing$424,531

Total Monthly Obligation

$9,008/mo
Mortgage $7,821
Monthly Loss $6,950
Principal$2,058
Interest$5,763
Property Tax$812
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.2%0
5-Year IRR
5.2%12
10-Year IRR
6.9%
Returns Index
7.1/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$59,112/yr
NOI
$38,960/yr
Net Cash Flow
-$4,574/mo
Cash Margin
-92.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.423
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo18
Risk Index
13.1/ 100

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

Comparables

Properties near 412 Manhattan Drive

Time

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