8010 Derry Road 1306, Milton

$399,999
8010 Derry Road 1306

$399,999

New
23d
Condo ApartmentApartment

8010 Derry Road 1306, Milton

Total Monthly Obligation $2,483

Bed+Den
2+1
Baths
2
Park
1
Sqft
500-599
DOM
23d
Score
21
Yield
6.5%
Cash on Cash
-2.1%
Cap Rate
4.1%
5Y IRR
13.9%
10Y IRR
13.3%
Property Type-Condo Apartment
MLS® Number-W13842320
Bed+Den-2+1
Bathrooms-2
Size-500-599 sqft
Listed on site-Sep 30, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,379.15 (2026)
Maintenance-$471.7/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-Royal LePage Frank Real Estate
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-1028 - CO Coates
Title-Residential Condo & Other

No agent assigned

Calling all first time home buyers, downsizers and investors! This modern 1+1 bedroom and 2 bathroom unit at the new Connectt Condominiums in the heart of Milton offers a functional layout and thoughtful living lifestyle. Enjoy an open-concept floorplan with 622 sqft of space including a balcony with unobstructed views. Engineered hardwood floors, freshly painted interiors, in suite laundry and large windows providing abundant natural light are just a few of the exceptional features. A contemporary kitchen boasts upgraded stainless steel appliances, quartz counters and modern finishes. The primary bedroom is bright, spacious and showcases a 4 piece ensuite while a separate powder room adds extra convenience. The den provides the flexibility of a home office, second bedroom or additional living space. The unit includes 1 underground parking space and 1 locker. Enjoy access to the luxury amenities including concierge services, an outdoor pool, rooftop terrace, fully equipped, fitness centre, party room, lounge areas, pet spa, bike storage and more. Conveniently located close to highways, public transit, shopping, restaurants, schools and all that Milton has to offer. Enjoy the convenience of contemporary living in a highly desirable location.

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$319,999
Land Transfer Taxes$4,475
Legal Fees (Est.)
$
Total cash required for closing$85,975

Total Monthly Obligation

$2,483/mo
Mortgage $1,613
Monthly Loss $2,059
Principal$425
Interest$1,189
Property Tax$198
Condo Fees$472
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.5%1
5-Year IRR
9.9%35
10-Year IRR
10.7%
Returns Index
18.5/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$25,932/yr
NOI
$12,899/yr
Net Cash Flow
-$539/mo
Cash Margin
-24.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.679
LTV Ratio
80.0%18
Vacancy Buffer
3.9 mo67
Risk Index
31.2/ 100

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

Comparables

Properties near 8010 Derry Road 1306

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.