55 Austin Drive 604, Markham

$886,000
55 Austin Drive 604

$886,000

New
8d
Condo Apartment1 Storey/Apt

55 Austin Drive 604, Markham

Total Monthly Obligation $5,690

Bed+Den
3+1
Baths
2
Park
1
Sqft
1400-1599
DOM
8d
Score
15
Yield
5.1%
Cash on Cash
-10.6%
Cap Rate
2.3%
5Y IRR
7.3%
10Y IRR
8.1%
Property Type-Condo Apartment
MLS® Number-N14083898
Bed+Den-3+1
Bathrooms-2
Size-1400-1599 sqft
Listed on site-Oct 15, 2026
Style-1 Storey/Apt
Building Type-Condo Apartment
Taxes-$3,508 (2025)
Maintenance-$1,623.99/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-REAL ESTATE HOMEWARD
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-TBD
Neighbourhood-Markville
Title-Residential Condo & Other

No agent assigned

Upgraded, ultra-spacious, and totally hassle-free, Unit 604 at Tridel's Walden Pond I offers a rare combination of fully renovated finishes, house-sized dimensions, and all-inclusive living. This sun-filled 2-bedroom, 2-bathroom corner suite opens past a proper foyer into expansive living and dining areas framed by big bright windows. Use every dish and cook in the updated eat-in kitchen with stainless steel appliances, a one year old stove/oven and great quartz counter space. Also enjoy the privacy of a primary suite with a fully renovated ensuite with a huge shower. A spacious second bedroom and a full second updated four piece bath gives guests or family members comfort and privacy. The office is bright and private which is perfect for those work-from-home days. An oversized in-suite laundry room with bonus storage gives plenty of room to tuck your stuff away. The fan coils were fully updated and replaced, which saves you 7000 dollar hassle. Your monthly maintenance fee is a total set-it-and-forget-it deal that covers Heat, Hydro, Water, Central Air, Bell TV, AND High-Speed Internet in one bill. Enjoy the condo living perks including 24/7 gatehouse security, indoor saltwater pool, gym, tennis court, and lush nature trails right outside your door, all just steps from Markville Mall, Main St Unionville, GO Transit, and Hwy 407/404.

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

Closing Costs

Mortgage Amount
$708,800
Land Transfer Taxes$14,195
Legal Fees (Est.)
$
Total cash required for closing$192,895

Total Monthly Obligation

$5,690/mo
Mortgage $3,574
Monthly Loss $4,750
Principal$940
Interest$2,633
Property Tax$292
Condo Fees$1,624
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
1.7%11
Cash-on-Cash
-14.4%0
5-Year IRR
4.6%10
10-Year IRR
6.7%
Returns Index
6.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
15/ 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
$45,360/yr
NOI
$15,428/yr
Net Cash Flow
-$2,288/mo
Cash Margin
-60.5%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.363
LTV Ratio
80.0%18
Vacancy Buffer
1.7 mo26
Risk Index
15.7/ 100

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

Comparables

Properties near 55 Austin Drive 604

Time

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