297 Delray Drive, Markham

$699,000
297 Delray Drive

$699,000

New
15d
Att/Row/Townhouse3-Storey

297 Delray Drive, Markham

Total Monthly Obligation $3,508

Beds
3
Baths
4
Park
2
Sqft
1100-1500
DOM
15d
Score
21
Yield
5.3%
Cash on Cash
-0.8%
Cap Rate
4.4%
5Y IRR
14.9%
10Y IRR
14.1%
Property Type-Att/Row/Townhouse
MLS® Number-N13876694
Beds-3
Bathrooms-4
Size-1100-1500 sqft
Lot Size-14.76 × 85.3 ft
Listed on site-Oct 8, 2026
Style-3-Storey
Building Type-Att/Row/Townhouse
Taxes-$3,757.19 (2026)
Parking-3 - Built-In
Basement-None
Heating-Forced Air (Gas)
Brokerage-REALTY ASSOCIATES INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-East
Exterior-Brick, Stone
Roof-Shingles
Foundation-Concrete
Sewer-Sewer
Possession-TBA
Neighbourhood-Greensborough
Title-Residential Freehold

No agent assigned

Immaculate Freehold Townhouse In High Demand Greensborough Community, NO common expenses, 3 Bedrooms, Two Ensuite, Hardwood Floor Through Out Entire House Except Tile Area, New Paint, New Quartz Countertop, New Tiles in Kitchen and Foyer areas, Four Bathrooms, 9' Ceiling on Second Floor, Smooth Ceilings, Large Balcony, 2 Cars Driveway, Very Convenience Location, Quick Access To Hwy 407, School and Go Train Station, Located within top-performing school net works. ( Bur Oak S.S., Unionville H.S.-Art, Milliken Mills H.S.- IB) *Excellent For First Time Buyer Or Investment*

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

Closing Costs

Mortgage Amount
$559,200
Land Transfer Taxes$10,455
Legal Fees (Est.)
$
Total cash required for closing$151,755

Total Monthly Obligation

$3,508/mo
Mortgage $2,820
Monthly Loss $2,766
Principal$742
Interest$2,078
Property Tax$313
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.6%23
Cash-on-Cash
-5.7%2
5-Year IRR
11.1%43
10-Year IRR
11.4%
Returns Index
22.7/ 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
$37,200/yr
NOI
$25,223/yr
Net Cash Flow
-$718/mo
Cash Margin
-23.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.7512
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo45
Risk Index
24.9/ 100

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

Comparables

Properties near 297 Delray Drive

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.

Data is provided courtesy of PropTx.

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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.