7400 Markham Road 615, Markham

$399,000
7400 Markham Road 615

$399,000

New
9d
Condo ApartmentApartment

7400 Markham Road 615, Markham

Total Monthly Obligation $2,154

Bed+Den
2+1
Baths
1
Park
1
Sqft
700-799
DOM
9d
Score
28
Yield
6.9%
Cash on Cash
4.4%
Cap Rate
5.5%
5Y IRR
19.1%
10Y IRR
17.5%
Property Type-Condo Apartment
MLS® Number-N14032828
Bed+Den-2+1
Bathrooms-1
Size-700-799 sqft
Listed on site-Oct 14, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$1,877 (2025)
Maintenance-$187.96/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ACE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Middlefield
Title-Residential Condo & Other

No agent assigned

Bright & Spacious Well-Appointed Condo Features A Functional Layout With An Abundance Of Natural Light. The Open Living And Dining Area Offers A Large Picture Window With Pleasant Neighbourhood Views. The Modern Kitchen Is Complete With Granite Countertops, Generous Cabinetry And Full-Size Appliances. The Spacious Bedroom Provides Excellent Comfort And Natural Light, While The Separate Den Offers Added Versatility For A Home Office, Study Or Flexible Living Space. A Well-Maintained 3-Piece Bathroom Completes The Interior. Residents Enjoy Elevator Access And An On-Site Fitness Facility. Conveniently Located Near Shopping, Dining, Public Transit, Schools And Everyday Amenities. An Excellent Opportunity For First-Time Buyers, Downsizers Or Investors.

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

Closing Costs

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

Total Monthly Obligation

$2,154/mo
Mortgage $1,609
Monthly Loss $1,730
Principal$424
Interest$1,186
Property Tax$156
Condo Fees$188
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.6%33
Cash-on-Cash
-1.2%6
5-Year IRR
14.8%70
10-Year IRR
14.4%
Returns Index
36.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
28/ 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
$27,600/yr
NOI
$18,307/yr
Net Cash Flow
-$84/mo
Cash Margin
-3.6%2
Cash Flow Index
2.3/ 100
Risk Profile
Weight: 20%
DSCR
0.9523
LTV Ratio
80.0%18
Vacancy Buffer
4.4 mo76
Risk Index
38.9/ 100

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

Comparables

Properties near 7400 Markham Road 615

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.