28 Blue Heron Beach Way, Markham

$875,000
28 Blue Heron Beach Way

$875,000

New
22d
Condo TownhouseBungaloft

28 Blue Heron Beach Way, Markham

Total Monthly Obligation $5,290

Bed+Den
3+1
Baths
3
Park
1
Sqft
1400-1599
DOM
22d
Score
14
Yield
4.1%
Cash on Cash
-13.2%
Cap Rate
1.8%
5Y IRR
5.3%
10Y IRR
6.7%
Property Type-Condo Townhouse
MLS® Number-N13849088
Bed+Den-3+1
Bathrooms-3
Size-1400-1599 sqft
Listed on site-Oct 1, 2026
Style-Bungaloft
Building Type-Condo Townhouse
Taxes-$4,227.07 (2026)
Maintenance-$1,207.92/mo
Locker-None
Parking-2 - Attached
Basement-Full, Unfinished
Heating-Forced Air (Gas)
Brokerage-RE/MAX ALL-STARS REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Natural Gas
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Greensborough
Title-Residential Condo & Other

No agent assigned

Hark! A Meadowlark! If you love bungalow living but want a little extra light, space and flexibility, this 1545 square ft Swan Lake home may be exactly what you have been waiting for. The main floor has everything you need for everyday living, while the open loft above adds the airiness of a cathedral ceiling and brings extra natural light into the heart of the home. The spacious living & dining area features a gas fireplace and walkout to the private back deck, while the large eat-in kitchen offers plenty of cabinet and counter space plus a skylight. The primary bedroom is conveniently located on the main floor with a full ensuite, and the 2nd main floor bedroom works beautifully as a den, office or sitting room with another full bathroom nearby. Main floor laundry and direct garage access make day-to-day living easy. Upstairs, the loft has its own full bathroom & closet, making it the perfect space for overnight guests while allowing you to keep the entire main floor all your own. This home is original and ready for its next owner to make it their own, but the bones are good, the layout is excellent and the price reflects the opportunity. Enjoy morning coffee on the front patio, summer evenings on the back deck with bbq hookup, and all the benefits of Swan Lake's low-maintenance lifestyle, including 24-hour gated security, clubhouse, indoor & outdoor pools, pickleball, tennis and an active, welcoming community. Walking distance to the closest outdoor pool, bocce court & shuffleboard court! Exterior maintenance is done for you so you just sit back and let someone else do the work. Maintenance fees include water, cable television, high speed internet, building insurance, exterior care, use of amenities, gatehouse security. Close to Markham-Stouffville Hospital, shopping, Main St Markham restaurants and festivals, Cornell Community Centre, GO Station, & easy access to the 407.

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

Closing Costs

Mortgage Amount
$700,000
Land Transfer Taxes$13,975
Legal Fees (Est.)
$
Total cash required for closing$190,475

Total Monthly Obligation

$5,290/mo
Mortgage $3,530
Monthly Loss $4,361
Principal$929
Interest$2,601
Property Tax$352
Condo Fees$1,208
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.3%9
Cash-on-Cash
-16.6%0
5-Year IRR
2.8%6
10-Year IRR
5.3%
Returns Index
4.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
14/ 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
$35,748/yr
NOI
$11,051/yr
Net Cash Flow
-$2,609/mo
Cash Margin
-87.6%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.262
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
16.1/ 100

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

Comparables

Properties near 28 Blue Heron Beach Way

Time

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