281 Woodbridge Avenue 242, Vaughan

$699,888
281 Woodbridge Avenue 242

$699,888

New
29d
Condo ApartmentApartment

281 Woodbridge Avenue 242, Vaughan

Total Monthly Obligation $3,982

Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
29d
Score
17
Yield
5.0%
Cash on Cash
-7.0%
Cap Rate
3.1%
5Y IRR
10.1%
10Y IRR
10.3%
Property Type-Condo Apartment
MLS® Number-N13823908
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Sep 24, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,004.02 (2025)
Maintenance-$708.54/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-CAPITAL NORTH REALTY CORPORATION
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Foundation-Concrete, Concrete Block
Possession-Flexible 30/60
Neighbourhood-West Woodbridge
Title-Residential Condo & Other

No agent assigned

Welcome To Exceptional Condo Living In The Heart Of Market Lane, One Of Woodbridge's Most Sought-After Communities. This Spacious 2-Bedroom, 2-Washroom Suite Offers A Highly Desirable Open Concept Layout That Connects The Living And Dining Areas, Creating A Bright And Functional Space Ideal For Both Everyday Living And Entertaining. Over 900 Sqft Of Living Space Makes This Unit Ideal For Downsizers, First Time Home Buyers Or Small Families. Large Windows Fill The Unit With Natural Light, Enhancing The Comfortable Design And Well-Planned Layout. Both Bedrooms Are Generously Sized, Offering Ample Space For Full Bedroom Furnishings And Additional Flexibility For A Home Office Or Sitting Area. The Practical Floorplan Includes Two Full Washrooms, Including An Ensuite To The Primary Bedroom, Providing Convenience And Privacy For Residents And Guests Alike. Step Outside To A Large Private Balcony Overlooking The Beautifully Maintained Garden And Courtyard, Complete With A Gas Line For BBQ - Perfect For Outdoor Cooking And Entertaining. This Unit Comes With One Parking Space And One Locker, With The Added Bonus Of The Parking Spot Being Located Right Next To The Elevator For Exceptional Convenience. Situated In The Vibrant Market Lane Area, You Are Just Steps To Boutique Shops, Restaurants, Cafés, And Everyday Amenities That Give The Neighbourhood Its Unique Charm. Commuters Will Appreciate Quick Access To Major Highways Including Highway 400, Highway 407, And Highway 427, Making Travel Throughout The GTA Simple And Efficient. Parks, Scenic Walking Trails, And Nearby Recreational Facilities Further Enhance The Appeal Of This Prime Woodbridge Location. A Fantastic Opportunity To Own In A Well-Established Community That Offers Space, Convenience, And An Unbeatable Woodbridge Lifestyle

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$559,910
Land Transfer Taxes$10,473
Legal Fees (Est.)
$
Total cash required for closing$151,951

Total Monthly Obligation

$3,982/mo
Mortgage $2,823
Monthly Loss $3,239
Principal$743
Interest$2,080
Property Tax$250
Condo Fees$709
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.5%15
Cash-on-Cash
-11.0%1
5-Year IRR
7.1%19
10-Year IRR
8.4%
Returns Index
10.6/ 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
$34,680/yr
NOI
$17,306/yr
Net Cash Flow
-$1,381/mo
Cash Margin
-47.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.515
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo39
Risk Index
20.6/ 100

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

Comparables

Properties near 281 Woodbridge Avenue 242

Time

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Data last updated within the past 24 hours.