38 Simcoe Promenade 804, Markham

$525,000
38 Simcoe Promenade 804

$525,000

New
16d
Condo ApartmentApartment

38 Simcoe Promenade 804, Markham

Total Monthly Obligation $3,029

Beds
1
Baths
2
Park
1
Sqft
600-699
DOM
16d
Score
19
Yield
5.4%
Cash on Cash
-4.8%
Cap Rate
3.5%
5Y IRR
11.7%
10Y IRR
11.6%
Property Type-Condo Apartment
MLS® Number-N13877256
Beds-1
Bathrooms-2
Size-600-699 sqft
Listed on site-Oct 7, 2026
Style-Apartment
Building Type-Condo Apartment
Age-New
Taxes-$2,701.78 (2026)
Maintenance-$486.55/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-REALTRIUM REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-TDB
Neighbourhood-Unionville
Title-Residential Condo & Other

No agent assigned

Welcome To This Bright And Spacious Corner Suite In A Modern Building Completed In 2023, Ideally Located In The Heart Of Downtown Markham! This Well-Designed 1+1 Bedroom, 2-Bathroom Residence Features 9-Ft Ceilings, One Parking Space And One Locker. The Open-Concept Living And Dining Area Is Surrounded By Floor-To-Ceiling Windows, Creating A Bright And Airy Atmosphere With Plenty Of Natural Light. The Contemporary Kitchen Features Built-In Appliances, Modern Cabinetry, Generous Counter Space And Ample Storage. A Separate Den Offers Excellent Flexibility As A Home Office, Study Area Or Guest Space. The Spacious Primary Bedroom Features A Large Closet And Private Ensuite, While The Additional Bathroom Provides Added Convenience.Enjoy 24-Hour Concierge, Fitness Centre, Media Room, Party Lounge And Visitor Parking. Steps To Unionville GO Station, Viva Transit, York University Markham Campus, Cineplex VIP, T&T Supermarket, Restaurants, Shops And Everyday Conveniences. Minutes To Highways 404 And 407. Zoned For Top-Ranked Unionville High School And St. Augustine Catholic High School.An Exceptional Opportunity For End Users Or Investors To Own A Move-In-Ready Suite In One Of Markham's Most Vibrant Communities!

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

Closing Costs

Mortgage Amount
$420,000
Land Transfer Taxes$6,975
Legal Fees (Est.)
$
Total cash required for closing$113,475

Total Monthly Obligation

$3,029/mo
Mortgage $2,118
Monthly Loss $2,472
Principal$557
Interest$1,560
Property Tax$225
Condo Fees$487
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.4%25
10-Year IRR
9.4%
Returns Index
13.7/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$28,596/yr
NOI
$14,796/yr
Net Cash Flow
-$885/mo
Cash Margin
-37.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
26.1/ 100

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

Comparables

Properties near 38 Simcoe Promenade 804

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.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

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

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.