1709 Bur Oak Avenue 509, Markham

$645,000
1709 Bur Oak Avenue 509

$645,000

New
8d
Condo ApartmentMulti-Level

1709 Bur Oak Avenue 509, Markham

Total Monthly Obligation $3,723

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
1000-1199
DOM
8d
Score
18
Yield
5.4%
Cash on Cash
-5.2%
Cap Rate
3.5%
5Y IRR
11.5%
10Y IRR
11.4%
Property Type-Condo Apartment
MLS® Number-N14082680
Beds-2
Bathrooms-2
Size-1000-1199 sqft
Listed on site-Oct 15, 2026
Style-Multi-Level
Building Type-Condo Apartment
Age-0-5
Taxes-$2,846.35 (2026)
Maintenance-$683.96/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX REALTRON REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-Flex
Neighbourhood-Wismer
Title-Residential Condo & Other

No agent assigned

Rarely Offered Southwest-facing Penthouse By Renowned Builder Aspen Ridge, Featuring A Spacious, Sun-filled Layout With Exceptional Privacy And Open Views. Thoughtfully Designed With Virtually No Wasted Space, The Suite Offers Generous Living And Dining Areas, Two Large Bedrooms, And Two Full Bathrooms. Expansive Windows Bring Natural Light Into Every Principal Room Throughout The Day, Creating A Bright And Sophisticated Atmosphere. The Top-floor Setting, Functional Square Layout, And Impressive Sense Of Space Make This Home Truly Stand Apart. Ideally Located Steps To Mount Joy Go Station, With Easy Access To Top Schools (Widmer Public School And Bur Oak Secondary School), Parks, Shopping, Restaurants, Markville Mall, And Highways 7, 407 & 404. A Rare Combination Of Space, Sunlight, Views, And Convenience. A Must See And Buy!

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$516,000
Land Transfer Taxes$9,375
Legal Fees (Est.)
$
Total cash required for closing$139,875

Total Monthly Obligation

$3,723/mo
Mortgage $2,602
Monthly Loss $3,038
Principal$685
Interest$1,917
Property Tax$237
Condo Fees$684
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.3%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
18/ 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
$35,124/yr
NOI
$18,158/yr
Net Cash Flow
-$1,089/mo
Cash Margin
-37.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.6 mo42
Risk Index
22.2/ 100

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

Comparables

Properties near 1709 Bur Oak Avenue 509

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.