89 South Town Centre Boulevard 1009, Markham

$588,000
89 South Town Centre Boulevard 1009

$588,000

New
7d
Condo ApartmentApartment

89 South Town Centre Boulevard 1009, Markham

Total Monthly Obligation $3,276

HausQ Valuation Report
Bed+Den
2+1
Baths
2
Park
1
Sqft
700-799
DOM
7d
Score
18
Yield
4.9%
Cash on Cash
-6.4%
Cap Rate
3.2%
5Y IRR
10.5%
10Y IRR
10.6%
Property Type-Condo Apartment
MLS® Number-N14087550
Bed+Den-2+1
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 16, 2026
Style-Apartment
Building Type-Condo Apartment
Age-6-10
Taxes-$2,521 (2026)
Maintenance-$494.32/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-RE/MAX PARTNERS REALTY INC.
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30/60/TBA
Neighbourhood-Unionville
Title-Residential Condo & Other

No agent assigned

Welcome To The Luxurious Fontana Condos In The Heart Of Downtown Markham! This Bright And Spacious 712 Sq.Ft. Suite Features A Highly Functional 1 Bedroom + Separate Den Layout With 2 Full Bathrooms. The Versatile Den Can Easily Be Used As A Second Bedroom Or Home Office. Enjoy An Open-Concept Living Area With Walk-Out To A Private Balcony, A Modern Kitchen With Granite Countertops And Stainless Steel Appliances, And A Generous Primary Bedroom With Walk-In Closet And 4-Piece Ensuite. One Underground Parking Space And One Locker Included! Exceptional Building Amenities Include 24-Hour Concierge, Indoor Swimming Pool, Gym, Basketball/Badminton Court, Party Room And Visitor Parking. Unbeatable Location Just Steps To Viva Transit, Shopping, Restaurants, Entertainment And Markham Civic Centre. Minutes To Unionville High School And Highways 404 & 407. An Excellent Opportunity For First-Time Buyers, Young Professionals, Downsizers And Investors. Don't Miss It!

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Closing Costs

Mortgage Amount
$470,400
Land Transfer Taxes$8,235
Legal Fees (Est.)
$
Total cash required for closing$127,335

Total Monthly Obligation

$3,276/mo
Mortgage $2,372
Monthly Loss $2,652
Principal$624
Interest$1,748
Property Tax$210
Condo Fees$494
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.6%15
Cash-on-Cash
-10.6%1
5-Year IRR
7.4%20
10-Year IRR
8.6%
Returns Index
11.2/ 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
$28,740/yr
NOI
$15,013/yr
Net Cash Flow
-$1,121/mo
Cash Margin
-46.8%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.535
LTV Ratio
80.0%18
Vacancy Buffer
2.9 mo49
Risk Index
24.1/ 100

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

Comparables

Properties near 89 South Town Centre Boulevard 1009

Time

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Data last updated within the past 24 hours.