
Lph05- 8 Cedarland Drive, Markham
Markham
$1,689,900
Cash flow, cap rate & mortgage breakdown
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Listed by Advent Realty Inc
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
3
Days on Market
66
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$3,800/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Vendôme, one of Unionville's most prestigious luxury residences. This rare and expansive 3-bedroom, 3-bathroom suite offers 1,714 sq. ft. of beautifully designed interior living space, complemented by two oversized terraces and one private balcony with unobstructed views. Featuring TWO PARKING spaces, including one EV-ready spot, and TWO LOCKERS - an exceptionally rare offering in luxury condo living.Thoughtfully crafted for modern living, the bright open-concept living and dining area showcases floor-to-ceiling windows and seamless access to outdoor spaces. The chef-inspired kitchen is equipped with built-in Miele appliances, quartz countertops, a full-height matching backsplash, and elegant under-cabinet lighting. Elevated finishes throughout include smooth ceilings, premium vinyl plank flooring, custom closet organizers, and stone countertops in all bathrooms.The primary suite serves as a private retreat, featuring a spacious walk-in closet, a spa-inspired 6-piece ensuite, and direct walk-out access to a large private terrace. Additional highlights include a front-load washer and dryer, generous storage space throughout, and abundant natural light throughout the home.Ideally located in the heart of Downtown Markham and within the boundaries of top-ranked schools, including Unionville High School, this residence offers unmatched convenience just steps to Unionville Main Street, the GO Station, First Markham Place, York University Markham Campus, fine dining, boutique shopping, and beautiful parks. With easy access to Highways 404 and 407, this exceptional home perfectly blends luxury, comfort, and connectivity.
MississaugaInvestor.ca
Lph05- 8 Cedarland Drive
Condo Apartment · 3bd/3ba · ~1,700 sqft
$1,689,900
Cash-Flow Report · July 31, 2026
Cap Rate
0.83%
Monthly Cash Flow
-$6,610/mo
Estimated Rent
$3,800/mo
Cash-on-Cash
-21.37%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$3,800 |
| Mortgage | −$7,778 |
| Property Tax | −$958 |
| Insurance | −$225 |
| Condo Fee | −$1,259 |
| Vacancy (5%) | −$190 |
| Cash Flow | -$6,610/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$45,600 |
| Vacancy (5%) | −$2,280 |
| Property Tax | −$11,491 |
| Insurance | −$2,700 |
| Condo Fee | −$15,108 |
| Annual NOI | $14,021 |
| Cap Rate | 0.83% |
Cash Required to Close
| Down Payment (20%) | $337,980 |
| Ontario Land Transfer Tax | $30,273 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $371,253 |
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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