278 Buchanan Drive 521E, Markham

$599,000
278 Buchanan Drive 521E

$599,000

New
6d
Condo ApartmentApartment

278 Buchanan Drive 521E, Markham

Total Monthly Obligation $3,566

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
6d
Score
18
Yield
5.5%
Cash on Cash
-5.9%
Cap Rate
3.3%
5Y IRR
10.9%
10Y IRR
10.9%
Property Type-Condo Apartment
MLS® Number-N14090850
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 17, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,070.45 (2026)
Maintenance-$693.98/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-SUPERSTARS REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TBA
Neighbourhood-Unionville
Title-Residential Condo & Other

No agent assigned

Welcome To This Luxurious 2 Bedroom, 2 Bathroom Unit Featuring A Bright South Facing Layout With An Open Living Room That Walks Out To A Private Balcony. The Modern Kitchen Is Finished With Stainless Steel Appliances, Backsplash And Double Sink. The Spacious Primary Bedroom Offers A 4pc Ensuite And A Large Closet, Complemented By Good-Sized Second Bedroom For Added Versatility. Enjoy Premium Building Amenities Including Fitness Centre, Indoor Pool, Sauna, Party Room, Rooftop Terrace, Ping Pong Room, Yoga Room, Games Room, 24hour Concierge, And Ample Visitor Parking. Located In The Heart Of Markham, Top Ranking Unionville High School, St. Augustine Catholic High School & Coledale Public School. Unbeatable Convenience With Steps To Restaurants, Cafes, Grocery Stores, Cineplex, YMCA, Transit, And Easy Access To Hwy 7, 404, And 407.

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

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,566/mo
Mortgage $2,416
Monthly Loss $2,930
Principal$636
Interest$1,780
Property Tax$256
Condo Fees$694
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%16
Cash-on-Cash
-10.3%1
5-Year IRR
7.7%22
10-Year IRR
9.0%
Returns Index
12.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
18/ 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
$32,844/yr
NOI
$15,761/yr
Net Cash Flow
-$1,103/mo
Cash Margin
-40.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.546
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.6/ 100

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

Comparables

Properties near 278 Buchanan Drive 521E

Time

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Data last updated within the past 24 hours.