54 Redkey Drive, Markham

$799,000
54 Redkey Drive

$799,000

New
9d
Att/Row/Townhouse2-Storey

54 Redkey Drive, Markham

Total Monthly Obligation $3,986

HausQ Valuation Report
Beds
3
Baths
3
Park
1
Sqft
1500-2000
DOM
9d
Score
19
Yield
4.8%
Cash on Cash
-3.1%
Cap Rate
3.9%
5Y IRR
13.1%
10Y IRR
12.7%
Property Type-Att/Row/Townhouse
MLS® Number-N14031600
Beds-3
Bathrooms-3
Size-1500-2000 sqft
Lot Size-19.82 × 235.66 ft
Listed on site-Oct 14, 2026
Style-2-Storey
Building Type-Att/Row/Townhouse
Taxes-$4,662.64 (2026)
Parking-2 - Attached
Basement-Finished with Walk-Out
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 LEADING EDGE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Concrete
Sewer-Sewer
Possession-30-90 DAYS
Neighbourhood-Milliken Mills East
Title-Residential Freehold

No agent assigned

Welcome to 54 Redkey Dr., situated in Markham's highly sought-after Milliken Mills East community! This well-maintained 2-storey townhouse offers the perfect combination of space, comfort and convenience. Featuring 3 spacious bedrooms, 3 bathrooms and approximately 1,705sq. ft. of above-grade living space, this home offers a functional layout ideal for families.The bright and inviting main floor features generous living and dining areas, along with a family room offering a walkout to a spacious elevated deck, perfect for entertaining or enjoying the outdoors. The finished above-grade basement provides additional living space with a walkout to a deep, private backyard with no rear neighbours! Pride of ownership is evident throughout this thoughtfully maintained home, featuring a brand-new furnace and A/C (2026) and offering a move-in-ready opportunity for its next owners. Nestled on a quiet street in an established, family-friendly neighbourhood, this property is conveniently located near elementary and secondary schools, parks, shopping, grocery stores and public transit, with easy access to Highway 407. An excellent opportunity to own a spacious townhouse in one of Markham's most desirable communities!

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(utilities, internet...)
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Closing Costs

Mortgage Amount
$639,200
Land Transfer Taxes$12,455
Legal Fees (Est.)
$
Total cash required for closing$173,755

Total Monthly Obligation

$3,986/mo
Mortgage $3,223
Monthly Loss $3,138
Principal$848
Interest$2,375
Property Tax$389
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
3.2%20
Cash-on-Cash
-7.6%1
5-Year IRR
9.6%33
10-Year IRR
10.3%
Returns Index
17.6/ 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
$38,676/yr
NOI
$25,646/yr
Net Cash Flow
-$1,086/mo
Cash Margin
-33.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.669
LTV Ratio
80.0%18
Vacancy Buffer
2.4 mo38
Risk Index
21.8/ 100

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

Comparables

Properties near 54 Redkey 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.

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Data last updated within the past 24 hours.