
211- 60 South Town Centre Boulevard, Markham
Markham
$479,900
Cash flow, cap rate & mortgage breakdown
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Listed by NORMAN HILL REALTY INC.
Investment Analysis
Key Facts
Type
Condo Apartment
Bedrooms
2
Bathrooms
1
Days on Market
2
Price Drop
None
Year Built
N/A
Status
Active
Basement Income
None Detected
Rent Estimate
$2,150/mo
Estimated from market price-to-rent ratios
Remarks
Welcome to Majestic Court in the heart of Unionville-an ideal opportunity for first-time buyers, young professionals, downsizers, or investors looking for a move-in ready condo in one of Markham's most convenient neighbourhoods. This bright and well-maintained 1-bedroom plus den offers approximately 685 sq. ft. of thoughtfully designed living space with 9-foot ceilings, laminate flooring throughout, and a functional open-concept layout that feels both spacious and comfortable. The separate den provides the flexibility today's buyers want, whether you're working from home, creating a guest room, or setting up a dedicated reading or hobby space. The upgraded kitchen features granite countertops, stainless steel appliances, under-cabinet lighting, and a centre island that's perfect for meal prep, casual dining, or entertaining friends. The spacious primary bedroom includes a double closet and walk-out access to a private balcony - an ideal spot to enjoy your morning coffee or unwind after work. Located at Warden & 7, you'll enjoy being just minutes from restaurants, cafés, grocery stores, shopping, parks, entertainment, public transit, Highways 404 and 407, and everyday conveniences. Whether you're commuting, working remotely, or enjoying everything Unionville has to offer, this location makes daily life easy. If you're looking for an affordable first home, a low-maintenance lifestyle, or a smart investment in one of Markham's most desirable communities, this condo offers exceptional value, flexibility, and location.
MississaugaInvestor.ca
211- 60 South Town Centre Boulevard
Condo Apartment · 2bd/1ba · ~650 sqft
$479,900
Cash-Flow Report · July 31, 2026
Cap Rate
2.65%
Monthly Cash Flow
-$1,151/mo
Estimated Rent
$2,150/mo
Cash-on-Cash
-13.15%
Monthly (20% down · 4.89% rate · 25yr)
| Gross Rent | +$2,150 |
| Mortgage | −$2,209 |
| Property Tax | −$272 |
| Insurance | −$225 |
| Condo Fee | −$487 |
| Vacancy (5%) | −$108 |
| Cash Flow | -$1,151/mo |
Annual NOI & Cap Rate (All-Cash)
| Gross Rent | +$25,800 |
| Vacancy (5%) | −$1,290 |
| Property Tax | −$3,263 |
| Insurance | −$2,700 |
| Condo Fee | −$5,844 |
| Annual NOI | $12,703 |
| Cap Rate | 2.65% |
Cash Required to Close
| Down Payment (20%) | $95,980 |
| Ontario Land Transfer Tax | $6,073 |
| Legal & Title Insurance | $2,500 |
| Inspection & Misc | $500 |
| Total Cash Required | $105,053 |
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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