124 Wales Avenue, Markham

$699,000
124 Wales Avenue

$699,000

New
43d
Condo Townhouse3-Storey

124 Wales Avenue, Markham

Total Monthly Obligation $3,797

HausQ Valuation Report
Beds
3
Baths
2
Park
1
Sqft
1200-1399
DOM
43d
Score
17
Yield
4.7%
Cash on Cash
-6.6%
Cap Rate
3.2%
5Y IRR
10.3%
10Y IRR
10.5%
Property Type-Condo Townhouse
MLS® Number-N13764196
Beds-3
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Sep 10, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$2,231.9 (2026)
Maintenance-$591.77/mo
Locker-Ensuite
Parking-1 - Other
Basement-Finished with Walk-Out
Heating-Baseboard (Electric)
Brokerage-SUTTON GROUP-HERITAGE REALTY INC.
Cooling-None
Laundry-No
Fireplace-Pellet Stove
Pool-None
Exterior-Brick
Possession-TBA
Neighbourhood-Old Markham Village
Title-Residential Condo & Other

No agent assigned

Rarely Offered End-Unit 3-Bedroom Condo Townhouse in highly sought-after Old Markham Village! Meticulously maintained and surrounded by mature trees, this charming home features an inviting front porch, bright eat-in kitchen, separate living & dining rooms, crown moulding and a functional layout ideal for families, professionals or downsizers. The finished walk-out rec room with pellet stove opens to a private fenced patio, perfect for relaxing or entertaining. Enjoy a laundry room with ample storage, crawl space, large front storage unit, exclusive covered parking and plenty of visitor parking. Maintenance fees include snow shovelling & grass cutting for easy, low-maintenance living. Steps to Historic Main Street Markham with restaurants, cafés, pubs & boutique shops. Walk to schools, parks, shopping, Markham Museum & Mount Joy Community Centre. Convenient to GO Transit, public transit & Hwy 407. A fantastic opportunity in a prime Markham location!

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$
$
(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,797/mo
Mortgage $2,820
Monthly Loss $3,055
Principal$742
Interest$2,078
Property Tax$186
Condo Fees$592
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.4%20
10-Year IRR
8.6%
Returns Index
11.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 100
Avoid•Pass

Strategy: Buy & Hold — Weights: CFI 35% · RI 25%
RKI 20% · GI 20%

Assumptions & Inputs
$/mo
%
$
yr
%
Cash Flow
Weight: 35%
Gross Rent
$33,000/yr
NOI
$17,967/yr
Net Cash Flow
-$1,322/mo
Cash Margin
-48.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.5 mo41
Risk Index
21.5/ 100

*This analysis is independently generated NOT provided by TREB or CREA.

Comparables

Properties near 124 Wales Avenue

Time

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