
204- 397 Royal Orchard Boulevard, Markham
Markham
$2,788,000
Cash flow, cap rate & mortgage breakdown
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Listed by UNION CAPITAL REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
3
Days on Market
70
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$4,950/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Royal Bayview, Thornhill's most prestigious new address by Tridel. This exceptional and rarely offered 2-bedroom + den residence offers 1,749 sq. ft. of refined living space, thoughtfully designed to blend elegance, comfort, and everyday convenience. Showcasing breathtaking west-facing views of the golf course and tranquil pond, this stunning suite delivers luxury living at its finest. Expansive floor-to-ceiling windows flood the home with natural light, while the oversized private terrace creates the perfect setting for morning coffee, outdoor dining, or peaceful evening relaxation. The beautifully designed open-concept layout features a chef-inspired kitchen with a large centre island, premium finishes, and high-end appliances, seamlessly flowing into spacious living and dining areas ideal for both entertaining and daily living. Designed with both sophistication and functionality in mind, this residence offers two generous bedrooms, each complemented by spacious walk-in closets with custom built-ins, along with three beautifully appointed bathrooms, including a spa-inspired primary ensuite. The large den is a true bonus space, substantial enough to function as a private home office, library, guest retreat, or additional flex living area that truly adds value and versatility. Luxury also means convenience, and this home delivers with a massive dedicated laundry room, offering exceptional storage and practicality rarely found in condo living. Every detail has been curated to provide elevated comfort and effortless functionality. Enjoy resort-style amenities including an indoor swimming pool, fitness centre, saunas, stylish party room, and outdoor patio. Complete with one parking space and one locker, this is a rare opportunity to own in one of Thornhill's most sought-after luxury communities, where nature, convenience, and sophisticated living come together seamlessly.
MississaugaInvestor.ca
204- 397 Royal Orchard Boulevard
Condo Apartment · 3bd/3ba · ~1,700 sqft
$2,788,000
Cash-Flow Report · July 31, 2026
Cap Rate
0.72%
Monthly Cash Flow
-$11,160/mo
Estimated Rent
$4,950/mo
Cash-on-Cash
-21.71%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$4,950 |
| Mortgage | −$12,833 |
| Property Tax | −$1,580 |
| Insurance | −$225 |
| Condo Fee | −$1,224 |
| Vacancy (5%) | −$248 |
| Cash Flow | -$11,160/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$59,400 |
| Vacancy (5%) | −$2,970 |
| Property Tax | −$18,958 |
| Insurance | −$2,700 |
| Condo Fee | −$14,688 |
| Annual NOI | $20,084 |
| Cap Rate | 0.72% |
Cash Required to Close
| Down Payment (20%) | $557,600 |
| Ontario Land Transfer Tax | $56,175 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $616,775 |
Assumptions: 20% down · 4.89% rate · 25yr amort · Canadian semi-annual compounding · $225/mo insurance · maintenance reserve = greater of 8% of rent or 1% of value/yr (condo fee replaces it) · 5% vacancy · rent estimated from neighbourhood MLS comps. All figures are estimates — verify with a licensed professional before making an investment decision.
Prepared by Hamza Nouman · RECO-registered Investor Specialist · 647-609-1289 · hamza@nouman.ca · MississaugaInvestor.ca
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