7340 Markham Road 307, Markham

$575,000
7340 Markham Road 307

$575,000

New
5d
Condo ApartmentApartment

7340 Markham Road 307, Markham

Total Monthly Obligation $3,567

Bed+Den
2+1
Baths
1
Park
1
Sqft
1200-1399
DOM
5d
Score
18
Yield
6.0%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Condo Apartment
MLS® Number-N14092076
Bed+Den-2+1
Bathrooms-1
Size-1200-1399 sqft
Listed on site-Oct 18, 2026
Style-Apartment
Building Type-Condo Apartment
Age-16-30
Taxes-$2,016.86 (2026)
Maintenance-$879.79/mo
Locker-Owned
Parking-1 - Surface
Basement-None
Heating-Forced Air (Gas)
Brokerage-GATE REAL ESTATE INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Stucco (Plaster), Concrete
Possession-Upon Closing
Neighbourhood-Middlefield
Title-Residential Condo & Other

No agent assigned

Beautifull, Bright, Well Maintained, 1+1 Bdrm & 1 Full Bathroom Condo Suite Located in the High Demand Middlefield Community in Markham. One Level Living with Spacious Rooms, Larger than most stacked town-homes. Large Family Size Kitchen with Granite Countertop, Lots of Counter Space and Maple Wood Cabinets. Laminate Floors & Carpet Free Thruout, Tiled in Kitchen , Laundry & Washrooms. Spacious Open Concept Living & Dining Rooms. Spacious Master Bedroom comes with a spacious Walk-in Closet. Spacious Den with a Double Closet Currently being used as 2nd Bedroom !! Close To All Amenities, Shopping ,Supermarket, Restaurants, 407, Transit, Schools, Community Centre, Banks, Costco, Tim Hortons just a couple of minutes walk !!

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

Closing Costs

Mortgage Amount
$460,000
Land Transfer Taxes$7,975
Legal Fees (Est.)
$
Total cash required for closing$124,475

Total Monthly Obligation

$3,567/mo
Mortgage $2,319
Monthly Loss $2,957
Principal$610
Interest$1,709
Property Tax$168
Condo Fees$880
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.3%25
10-Year IRR
9.4%
Returns Index
13.5/ 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
$34,356/yr
NOI
$15,946/yr
Net Cash Flow
-$991/mo
Cash Margin
-34.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.576
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo44
Risk Index
22.8/ 100

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

Comparables

Properties near 7340 Markham Road 307

Time

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