128 Reeve Drive, Markham

$1,627,800
128 Reeve Drive

$1,627,800

New
7d
Detached2-Storey

128 Reeve Drive, Markham

Total Monthly Obligation $7,480

Beds
5
Baths
3
Park
4
Sqft
2000-2500
DOM
7d
Score
15
Yield
2.9%
Cash on Cash
-10.4%
Cap Rate
2.3%
5Y IRR
7.4%
10Y IRR
8.3%
Property Type-Detached
MLS® Number-N14090106
Beds-5
Bathrooms-3
Size-2000-2500 sqft
Lot Size-52 × 110 ft
Listed on site-Oct 16, 2026
Style-2-Storey
Building Type-Detached
Age-31-50
Taxes-$6,468.02 (2026)
Parking-6 - Attached
Basement-Finished
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 LEADING EDGE REALTY INC.
Cooling-Central Air
Laundry-No
Fireplace-Yes
Pool-None
Facing-North
Exterior-Brick
Roof-Asphalt Shingle
Foundation-Poured Concrete
Sewer-Sewer
Possession-30/60 DAYS - TBA
Neighbourhood-Markham Village
Title-Residential Freehold

No agent assigned

Beautifully maintained and offered for the first time in 35 years, this exceptional family home is located on prestigious Reeve Drive in one of Markham's most sought-after neighbourhoods. Pride of ownership is evident throughout this spacious residence featuring a bright, popular layout, main floor with elegant living and dining rooms, a cozy family room with a fireplace overlooking the beautiful backyard. The kitchen is equipped with stainless steel appliances, pot lights, and a sun-filled breakfast area with large windows and a walk-out to the yard, perfect for everyday living and entertaining. The second floor offers four generously sized bedrooms, including a spacious primary retreat, featuring a walk-in closet and a newly renovated 3-piece ensuite. The finished basement provides additional living space with a fifth bedroom, large recreation room, office, cold cellar, and workshop. Step outside to your private backyard oasis, complete with mature landscaping and an interlock patio ideal for summer barbecues and outdoor gatherings. Enjoy the conveinence of being just minutes from historic Markham Village, charming restraunts, cafes, the library, Milne Conservation Park, Morgan Pool, communty centres, Markham Stouffville Hospital, GO Transit, public transit, and Highway 407. A rare opportunity to own a cherished home on one of Markham's most prestigious streets.

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%
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(utilities, internet...)
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%
%

Closing Costs

Mortgage Amount
$1,302,240
Land Transfer Taxes$29,031
Legal Fees (Est.)
$
Total cash required for closing$356,091

Total Monthly Obligation

$7,480/mo
Mortgage $6,566
Monthly Loss $5,752
Principal$1,728
Interest$4,838
Property Tax$539
Home Insurance$125
Variable Costs$250
Returns
Weight: 25%
Cap Rate
2.0%12
Cash-on-Cash
-13.4%0
5-Year IRR
5.0%11
10-Year IRR
6.7%
Returns Index
6.8/ 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
$47,496/yr
NOI
$31,778/yr
Net Cash Flow
-$3,918/mo
Cash Margin
-99.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.403
LTV Ratio
80.0%18
Vacancy Buffer
1.3 mo20
Risk Index
14.0/ 100

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

Comparables

Properties near 128 Reeve 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.