400 Park Avenue 304, Newmarket

$849,900
400 Park Avenue 304

$849,900

New
8d
Condo ApartmentLoft

400 Park Avenue 304, Newmarket

Total Monthly Obligation $5,330

Beds
2
Baths
2
Park
1
Sqft
1200-1399
DOM
8d
Score
17
Yield
6.1%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.4%
10Y IRR
11.3%
Property Type-Condo Apartment
MLS® Number-N14082290
Beds-2
Bathrooms-2
Size-1200-1399 sqft
Listed on site-Oct 15, 2026
Style-Loft
Building Type-Condo Apartment
Taxes-$6,045.38 (2026)
Maintenance-$1,198.43/mo
Locker-None
Parking-1 - Carport
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Flexible
Neighbourhood-Central Newmarket
Title-Residential Condo & Other

No agent assigned

Stunning 2 Bedroom, 2 Bathroom Loft Condo in the Sought-After King George School House Lofts in the Heart of Historic Downtown Newmarket* Rare Opportunity to Own a Beautifully Designed 1220 Sq Ft Suite Featuring Soaring 12'8" Ceilings and Rich Hardwood Flooring Creating a Bright, Open Concept Layout Filled with Natural Light* Modern Kitchen with Upgraded Finishes, Quartz Countertops, Stainless Steel Appliances, and an Abundance of Cabinetry & Counter Space-Perfect for Everyday Living and Entertaining* Spacious Living Area with Functional Open Concept Design* Large Primary Bedroom Featuring a Walk-In Closet with Custom Organizers and a Private Ensuite Bathroom with Elegant, Upgraded Finishes* Second Bedroom Generously Sized with Great Natural Light, a Double Closet, and a Semi-Ensuite Bathroom* Both Bathrooms Beautifully Finished with Modern, Upgraded Details* Includes Covered Surface Parking Space for Added Convenience* Located in One of Newmarket's Most Desirable Neighbourhoods, Just Steps to Historic Main Street, Shops, Restaurants, Southlake Hospital, GO Train Station, Parks, and All Amenities-Perfect for Those Seeking a Vibrant and Convenient Downtown Lifestyle*

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

Closing Costs

Mortgage Amount
$679,920
Land Transfer Taxes$13,473
Legal Fees (Est.)
$
Total cash required for closing$184,953

Total Monthly Obligation

$5,330/mo
Mortgage $3,428
Monthly Loss $4,428
Principal$902
Interest$2,526
Property Tax$504
Condo Fees$1,198
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.5%26
10-Year IRR
9.6%
Returns Index
14.0/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
17/ 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
$51,972/yr
NOI
$23,948/yr
Net Cash Flow
-$1,433/mo
Cash Margin
-33.1%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
1.8 mo28
Risk Index
17.5/ 100

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

Comparables

Properties near 400 Park Avenue 304

Time

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