399 South Park Road 1102, Markham

$599,000
399 South Park Road 1102

$599,000

New
15d
Condo ApartmentApartment

399 South Park Road 1102, Markham

Total Monthly Obligation $4,016

Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
15d
Score
16
Yield
5.9%
Cash on Cash
-8.1%
Cap Rate
2.8%
5Y IRR
9.2%
10Y IRR
9.6%
Property Type-Condo Apartment
MLS® Number-N13877122
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 8, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,524.45 (2026)
Maintenance-$1,188.93/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX HALLMARK REALTY LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30-60
Neighbourhood-Commerce Valley
Title-Residential Condo & Other

No agent assigned

Welcome to Edgewater at the Galleria, ideally located at the highly sought-after crossroads of Markham and Richmond Hill. This beautifully renovated two-bedroom, two-bathroom suite offers an exceptional combination of space, style, and convenience in a peaceful, park-side setting. Just steps from scenic Vanhorn Park, this bright, high-floor residence is filled with natural light and features a thoughtfully designed, open-concept layout with an impressive sense of space. The generously sized living room is perfect for both relaxing and entertaining, offering unobstructed views and direct access to a large south-facing balcony where you can enjoy picturesque park and pond vistas-your own private outdoor retreat. The well-appointed layout is complemented by in-suite laundry, one exclusive parking space, and a private locker for added storage and convenience. Ideally situated just minutes from Highway 7, public transit, shopping, dining, and major business centres, you'll enjoy the perfect balance of tranquility and urban accessibility.Residents of this boutique-style building enjoy a selection of desirable amenities, including a fitness centre, sauna, and beautifully landscaped common areas ideal for relaxing or socializing. Whether you're a professional seeking a low-maintenance lifestyle or someone looking for a quiet, spacious home with outstanding city access, this exceptional suite delivers comfort, character, and everyday convenience. Condo fees include hydro, water, heat, air conditioning, parking, locker, common elements, and building insurance.

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

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$4,016/mo
Mortgage $2,416
Monthly Loss $3,380
Principal$636
Interest$1,780
Property Tax$210
Condo Fees$1,189
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.1%13
Cash-on-Cash
-12.6%0
5-Year IRR
6.0%14
10-Year IRR
7.8%
Returns Index
8.4/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
16/ 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
$35,460/yr
NOI
$12,722/yr
Net Cash Flow
-$1,356/mo
Cash Margin
-45.9%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.444
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
20.1/ 100

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

Comparables

Properties near 399 South Park Road 1102

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.