38 Water Walk Drive 728, Markham

$499,000
38 Water Walk Drive 728

$499,000

New
7d
Condo ApartmentApartment

38 Water Walk Drive 728, Markham

Total Monthly Obligation $2,832

Bed+Den
2+1
Baths
1
Park
1
Sqft
600-699
DOM
7d
Score
20
Yield
5.6%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.6%
10Y IRR
12.3%
Property Type-Condo Apartment
MLS® Number-N14089190
Bed+Den-2+1
Bathrooms-1
Size-600-699 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,535.51 (2025)
Maintenance-$408.09/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Electric)
Brokerage-CITY PLUS REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immediate
Neighbourhood-Unionville
Title-Residential Condo & Other

No agent assigned

Sophisticated Markham Living At Its Finest! Welcome To This Beautifully Designed 1+Den Residence At 38 Water Walk, Featuring An Exceptional Layout, Designer Finishes And A Versatile Den That Can Easily Function As A Second Bedroom, Guest Room Or Private Home Office. Thoughtfully Designed For Both Everyday Living And Entertaining, This Elegant Suite Offers A Seamless Open-Concept Living And Dining Area, A Modern Kitchen And A Comfortable Primary Bedroom Retreat. Enjoy The Elevated Feel Of Designer Finishes And Contemporary Details Throughout, Creating A Stylish Yet Welcoming Space You'll Be Proud To Call Home. The Spacious Den Provides Incredible Flexibility For Today's Lifestyle, Whether You Need A Second Sleeping Area, Work-From-Home Space Or Additional Living Space. Includes 1 Parking Space And 1 Locker. Residents Enjoy An Impressive Collection Of Building Amenities, Including 24-Hour Concierge, Indoor Pool, Fitness Centre, Sauna, Rooftop Terrace, BBQ Area, Party Room, Games Room, Pet Spa And More. Perfectly Situated In The Heart Of Markham, Just Steps To Whole Foods, LCBO, Restaurants, Cafes, Shops, Cineplex VIP And GoodLife Fitness. Close To Unionville GO, Public Transit And Highways 7, 404 & 407. A Rare Opportunity To Own A Stylish, Move-In Ready Residence In One Of Markham's Most Vibrant And Convenient Communities.

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

Closing Costs

Mortgage Amount
$399,200
Land Transfer Taxes$6,455
Legal Fees (Est.)
$
Total cash required for closing$107,755

Total Monthly Obligation

$2,832/mo
Mortgage $2,013
Monthly Loss $2,303
Principal$530
Interest$1,483
Property Tax$211
Condo Fees$408
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%18
Cash-on-Cash
-8.4%1
5-Year IRR
9.1%30
10-Year IRR
10.0%
Returns Index
16.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
20/ 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
$27,744/yr
NOI
$15,137/yr
Net Cash Flow
-$751/mo
Cash Margin
-32.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
3.4 mo58
Risk Index
27.9/ 100

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

Comparables

Properties near 38 Water Walk Drive 728

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.