233 South Park Road 602, Markham

$560,000
233 South Park Road 602

$560,000

New
3d
Condo ApartmentApartment

233 South Park Road 602, Markham

Total Monthly Obligation $3,329

Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
3d
Score
19
Yield
5.8%
Cash on Cash
-4.4%
Cap Rate
3.6%
5Y IRR
12.1%
10Y IRR
11.9%
Property Type-Condo Apartment
MLS® Number-N14099670
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,535.51 (2026)
Maintenance-$659.25/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX ATRIUM HOME REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Immed/TBA
Neighbourhood-Commerce Valley
Title-Residential Condo & Other

No agent assigned

Luxury Eden Park Towers, ideally located near Commerce Gate and Times Square in Commerce Valley. Functional 777sf two-bedroom layout. Featuring new upgraded laminate flooring and fresh paint. Granite countertops in kitchen. Excellent building amenities and facilities, including 24-hour concierge, an indoor swimming pool, gym, guest suite and movie theatre. Conveniently located next to a huge park with basketball, football/soccer, and tennis courts. Steps to shops, restaurants, future T&T, VIVA bus service and close to Highways 404 and 407, as well as GO Train stations.

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

Closing Costs

Mortgage Amount
$448,000
Land Transfer Taxes$7,675
Legal Fees (Est.)
$
Total cash required for closing$121,175

Total Monthly Obligation

$3,329/mo
Mortgage $2,259
Monthly Loss $2,735
Principal$594
Interest$1,664
Property Tax$211
Condo Fees$659
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.9%18
Cash-on-Cash
-9.0%1
5-Year IRR
8.7%27
10-Year IRR
9.7%
Returns Index
14.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$32,400/yr
NOI
$16,313/yr
Net Cash Flow
-$899/mo
Cash Margin
-33.3%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.607
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo48
Risk Index
24.3/ 100

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

Comparables

Properties near 233 South Park Road 602

Time

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Data last updated within the past 24 hours.