118 Wales Avenue, Markham

$499,888
118 Wales Avenue

$499,888

New
15d
Condo Townhouse2-Storey

118 Wales Avenue, Markham

Total Monthly Obligation $2,886

Beds
3
Baths
2
Park
1
Sqft
1000-1199
DOM
15d
Score
21
Yield
6.3%
Cash on Cash
-0.9%
Cap Rate
4.4%
5Y IRR
14.8%
10Y IRR
14.0%
Property Type-Condo Townhouse
MLS® Number-N13875166
Beds-3
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 8, 2026
Style-2-Storey
Building Type-Condo Townhouse
Taxes-$2,051.18 (2026)
Maintenance-$498.75/mo
Locker-None
Parking-1 - Carport
Basement-Finished
Heating-Baseboard (Electric)
Brokerage-RE/MAX CROSSROADS REALTY INC.
Cooling-None
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Old Markham Village
Title-Residential Condo & Other

No agent assigned

**A Wonderful Opportunity to Own in Prestigious Markham Village!**Why pay rent when you can own your own home? Welcome to this charming **3-bedroom, 2-bathroom condo townhouse** in the highly desirable **Markham Village** community-an excellent opportunity for first-time buyers, young families, or anyone looking to enter the Markham real estate market. Offering **three generous-sized bedrooms**, a comfortable main-floor living room, functional kitchen, and a **cozy recreation room in the basement**, this home provides the space and flexibility a growing family needs. Step outside to your **private backyard with patio**, a rare and highly desirable feature that gives you your own outdoor space to relax, entertain, or enjoy a morning coffee. This is more than just a condo-it offers the **space, privacy and outdoor enjoyment of a townhouse**. Just move in and make it your own! The location is truly exceptional. Enjoy the convenience of being **within walking distance to the GO Train station, grocery stores, plazas, restaurants and everyday amenities**, with **Markham Stouffville Hospital, Markville Shopping Centre and numerous other services just minutes away**. Excellent access to transportation, schools, parks, and everything Markham has to offer.**An ideal opportunity for a small family to stop renting and take the first step toward owning real estate in one of Markham's established and sought-after communities.****Own your home. Enjoy your space. Build your future in Markham Village!**

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

Closing Costs

Mortgage Amount
$399,910
Land Transfer Taxes$6,473
Legal Fees (Est.)
$
Total cash required for closing$107,951

Total Monthly Obligation

$2,886/mo
Mortgage $2,016
Monthly Loss $2,355
Principal$531
Interest$1,486
Property Tax$171
Condo Fees$499
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.8%2
5-Year IRR
11.1%44
10-Year IRR
11.6%
Returns Index
22.8/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
21/ 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
$31,500/yr
NOI
$17,914/yr
Net Cash Flow
-$524/mo
Cash Margin
-19.9%0
Cash Flow Index
0.1/ 100
Risk Profile
Weight: 20%
DSCR
0.7412
LTV Ratio
80.0%18
Vacancy Buffer
3.3 mo56
Risk Index
28.7/ 100

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

Comparables

Properties near 118 Wales Avenue

Time

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Data last updated within the past 24 hours.