8 Cedarland Drive PH01, Markham

$1,789,900
8 Cedarland Drive PH01

$1,789,900

New
22d
Condo ApartmentApartment

8 Cedarland Drive PH01, Markham

Total Monthly Obligation $9,222

Beds
3
Baths
3
Park
2
Sqft
1600-1799
DOM
22d
Score
14
Yield
2.9%
Cash on Cash
-14.0%
Cap Rate
1.6%
5Y IRR
4.7%
10Y IRR
6.2%
Property Type-Condo Apartment
MLS® Number-N13854348
Beds-3
Bathrooms-3
Size-1600-1799 sqft
Listed on site-Oct 1, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$6,428.55 (2025)
Maintenance-$1,266.48/mo
Locker-Owned
Parking-2 - Underground
Basement-None
Heating-Fan Coil (Other)
Brokerage-Advent Realty Inc.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Roof-Unknown
Foundation-Unknown
Possession-tbd
Neighbourhood-Unionville
Title-Residential Condo & Other

No agent assigned

Welcome to Vendome, one of Unionville's most prestigious luxury residences. This rare and expansive 3-bedroom, 3-bathroom suite offers 1,705 sq. ft. of beautifully designed interior living space, complemented by three private balconies with unobstructed views. Thoughtfully crafted for modern living, the bright open-concept layout showcases a chef-inspired kitchen featuring built-in Miele appliances, quartz countertops, a full-height matching backsplash, and elegant under-cabinet lighting. Elevated finishes throughout include smooth ceilings, premium vinyl plank flooring, custom closet organizers, and stone countertops in all bathrooms. The primary suite serves as a private retreat, complete with a spacious walk-in closet and a spa-like 6-piece ensuite. A true standout in luxury condo living, this unit includes two parking spaces and two lockers-an exceptionally rare offering. Additional highlights include a front-load washer and dryer, along with ample storage throughout. Ideally located in the heart of Downtown Markham, this residence is within the boundaries of top-ranked schools, including Unionville High School. Enjoy unmatched convenience just steps to Unionville Main Street, the GO Station, First Markham Place, York University, fine dining, boutique shopping, and beautiful parks. With easy access to Highways 404 and 407, this home perfectly balances luxury, comfort, and connectivity.

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(utilities, internet...)
$
%
%

Closing Costs

Mortgage Amount
$1,431,920
Land Transfer Taxes$32,273
Legal Fees (Est.)
$
Total cash required for closing$391,753

Total Monthly Obligation

$9,222/mo
Mortgage $7,220
Monthly Loss $7,322
Principal$1,900
Interest$5,320
Property Tax$536
Condo Fees$1,266
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.3%9
Cash-on-Cash
-16.6%0
5-Year IRR
2.7%6
10-Year IRR
5.1%
Returns Index
4.1/ 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
$52,032/yr
NOI
$22,802/yr
Net Cash Flow
-$5,320/mo
Cash Margin
-122.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.262
LTV Ratio
80.0%18
Vacancy Buffer
1.1 mo17
Risk Index
12.5/ 100

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

Comparables

Properties near 8 Cedarland Drive PH01

Time

Comparables are calculated within a 3km radius based on properties sold or leased within the past 6 months. This helps you understand the current market value and potential rental yield with high precision.

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Data last updated within the past 24 hours.