
305W- 268 Buchanan Drive, Markham
Markham
$699,000
Cash flow, cap rate & mortgage breakdown
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Listed by SMART SOLD REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
3
Bathrooms
2
Days on Market
43
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,750/mo
Estimated from market price-to-rent ratios
Remarks
Never-Before-Seen Condo Unit Featuring 2 SEPERATE Living Units!!!This Spacious 3 Bedrooms, 2-Bathroom Suite Offers Nearly 1,000 Sq.Ft. Of Living Space, Complete With 1 Parking Space And 1 Locker. Separate Self-Contained Studio With Its Own Private Entrance, 4pcs Bathroom, Balcony, And Rough-Ins For Future KITCHEN AND LAUNDRY INSTALLATION. And Independent Temperature Control For The Studio. This Floor Plan Offers Incredible Flexibility: The Studio Can Be Used As An Extended Living Room Or A Separate Living Space. Proudly Home to an Ontario Provincial Top-Ranking Student Who Earned Admission to Princeton University. Whole Unit Overlooking The Quiet Courtyard With Unobstructed Views. Nestled Within One Of Markham's Most Prestigious And Established Communities, You Can Enjoy Ultimate Convenience With Walking Distance To Whole Foods, LCBO, Restaurants, RBC And Everyday Amenities, Plus Transit At Your Doorstep And Just 5 Minutes To Hwy 407. Surrounded By Parks And Green Space, This Quiet And Elegant Community Offers The Perfect Balance Of Urban Living And Nature. Modern Building With Exceptional Amenities Including An Indoor Pool, Fitness Centre, Table Tennis Room, Karaoke Room, Mahjong Room, Yoga Studio, Party Room, Library, Guest Suites, 24-Hour Security, And Video Surveillance In Common Areas And Underground Parking. Located Within Top-Ranked School Boundaries Including Unionville High School, William Berczy Public School, And St. John XXIII Catholic Elementary School. A New Elementary School And Daycare Centre Are Planned Adjacent To The Community, Expected To Open In 2029, Further Enhancing Long-Term Family And Investment Value. Pride Of Ownership Throughout - Well Maintained, Clean, And Move-In Ready.
MississaugaInvestor.ca
305W- 268 Buchanan Drive
Condo Apartment · 3bd/2ba · ~950 sqft
$699,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.94%
Monthly Cash Flow
-$2,089/mo
Estimated Rent
$2,750/mo
Cash-on-Cash
-16.36%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,750 |
| Mortgage | −$3,217 |
| Property Tax | −$396 |
| Insurance | −$225 |
| Condo Fee | −$863 |
| Vacancy (5%) | −$138 |
| Cash Flow | -$2,089/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$33,000 |
| Vacancy (5%) | −$1,650 |
| Property Tax | −$4,753 |
| Insurance | −$2,700 |
| Condo Fee | −$10,356 |
| Annual NOI | $13,541 |
| Cap Rate | 1.94% |
Cash Required to Close
| Down Payment (20%) | $139,800 |
| Ontario Land Transfer Tax | $10,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $153,255 |
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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