203W- 268 Buchanan Drive, Markham
Markham
$599,000
Cash flow, cap rate & mortgage breakdown
Enter your email to unlock them right here.
Free forever. No credit card. Unsubscribe anytime.
Listed by REMAX YOUR COMMUNITY REALTY
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
2
Days on Market
4
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,300/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to the prestigious Unionville Gardens! This bright and spacious 2-bedroom, 2-bathroom condo with Rarely Offered RENTAL STUDIO (check out the floor plan) showcases a thoughtfully designed open-concept layout with soaring 10-foot ceilings and premium upgrades throughout. The modern kitchen features granite countertops, stainless steel appliances, The primary bedroom offers a private retreat with its own Balcony, separate entrance, and a 4-piece ensuite. Upgraded laminate flooring extends throughout the suite, while the living area provides walkout access to an expansive balcony, ideal for relaxing or entertaining outdoors. Residents enjoy an exceptional selection of resort-style amenities, including an indoor pool, fitness centre, yoga studio, saunas, party room, library, and a tranquil outdoor Tai Chi garden. Conveniently located just minutes from restaurants, supermarkets, shopping, parks, and with quick access to Highways 404 and 407, this is an outstanding opportunity to enjoy luxury living in the heart of Unionville.Extras:
MississaugaInvestor.ca
203W- 268 Buchanan Drive
Condo Apartment · 2bd/2ba · ~950 sqft
$599,000
Cash-Flow Report · July 31, 2026
Cap Rate
1.75%
Monthly Cash Flow
-$1,882/mo
Estimated Rent
$2,300/mo
Cash-on-Cash
-17.21%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,300 |
| Mortgage | −$2,757 |
| Property Tax | −$339 |
| Insurance | −$225 |
| Condo Fee | −$746 |
| Vacancy (5%) | −$115 |
| Cash Flow | -$1,882/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$27,600 |
| Vacancy (5%) | −$1,380 |
| Property Tax | −$4,073 |
| Insurance | −$2,700 |
| Condo Fee | −$8,952 |
| Annual NOI | $10,495 |
| Cap Rate | 1.75% |
Cash Required to Close
| Down Payment (20%) | $119,800 |
| Ontario Land Transfer Tax | $8,455 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $131,255 |
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
Get the Full Cash-Flow Report
A one-page PDF: cap rate, cash flow, mortgage breakdown, NOI and total cash to close — all assumptions in one printable summary.
Also unlocks cap rate, sold comps & mortgage detail.