55 The Boardwalk Way 307, Markham

$829,900
55 The Boardwalk Way 307

$829,900

New
21d
Condo ApartmentApartment

55 The Boardwalk Way 307, Markham

Total Monthly Obligation $5,210

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1600-1799
DOM
21d
Score
24
Yield
7.9%
Cash on Cash
3.0%
Cap Rate
5.2%
5Y IRR
18.0%
10Y IRR
16.6%
Property Type-Condo Apartment
MLS® Number-N13855688
Beds-2
Bathrooms-2
Size-1600-1799 sqft
Listed on site-Oct 2, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$3,853 (2026)
Maintenance-$1,341.77/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-IMMEDIATE
Neighbourhood-Greensborough
Title-Residential Condo & Other

No agent assigned

Bright and Updated 1643 Sq. Ft. Corner Unit in Gated Community of Swan Lake Offers A Desirable Split Bedroom Layout, Premium Northeast Exposure and Beautiful Treed Views. Open Concept Living and Dining Areas Feature Hardwood Floors, Electric Fireplace and Walk-Out To A Covered Balcony. Large Eat-In Kitchen With Quartz Countertops, Stainless Steel Appliances, Custom Centre Island, Breakfast Bar and Ample Storage. Generous Primary Bedroom With His & Hers Double Closets and Beautifully Renovated Ensuite With Oversized Walk-In Shower. Second Bedroom Offers Flexibility As A Guest Room Or Den, With A Second Full Bathroom Nearby. Dedicated Laundry Room With Additional Storage Space. Enjoy Maintenance-Free Living With 24hr Gatehouse Security And Resort-Style Amenities With Tennis Courts, Exercise Room, Fitness Classes, Party Room, Indoor & Out Door Pools And More. Includes Parking and Locker. Maintenance Fees Include Water, Cable, High-Speed Internet, Building Insurance and Use Of Amenities. Elevator Replacement Scheduled For September 2026, Approx. 6-8 Weeks; No Elevator Access During This Period.

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

Closing Costs

Mortgage Amount
$663,920
Land Transfer Taxes$13,073
Legal Fees (Est.)
$
Total cash required for closing$180,553

Total Monthly Obligation

$5,210/mo
Mortgage $3,348
Monthly Loss $4,330
Principal$881
Interest$2,467
Property Tax$321
Condo Fees$1,342
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
4.5%32
Cash-on-Cash
-1.8%5
5-Year IRR
14.5%68
10-Year IRR
14.3%
Returns Index
35.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
24/ 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
$65,940/yr
NOI
$36,992/yr
Net Cash Flow
-$265/mo
Cash Margin
-4.8%2
Cash Flow Index
1.9/ 100
Risk Profile
Weight: 20%
DSCR
0.9221
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
22.5/ 100

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

Comparables

Properties near 55 The Boardwalk Way 307

Time

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