15 Cornell Meadows Avenue A206, Markham

$449,000
15 Cornell Meadows Avenue A206

$449,000

New
6d
Condo Townhouse3-Storey

15 Cornell Meadows Avenue A206, Markham

Total Monthly Obligation $3,001

HausQ Valuation Report
Bed+Den
3+1
Baths
3
Park
1
Sqft
1000-1199
DOM
6d
Score
17
Yield
6.0%
Cash on Cash
-7.1%
Cap Rate
3.1%
5Y IRR
10.0%
10Y IRR
10.2%
Property Type-Condo Townhouse
MLS® Number-N14090360
Bed+Den-3+1
Bathrooms-3
Size-1000-1199 sqft
Listed on site-Oct 17, 2026
Style-3-Storey
Building Type-Condo Townhouse
Taxes-$2,010 (2025)
Maintenance-$822.39/mo
Locker-None
Parking-1 - Surface
Basement-None
Heating-Forced Air (Gas)
Brokerage-PROPERTY.CA INC.
Cooling-Central Air
Laundry-Yes
Fireplace-Yes
Pool-None
Exterior-Brick
Possession-Vacant
Neighbourhood-Cornell
Title-Residential Condo & Other

No agent assigned

Power of Sale - Must Sell. 3-storey condo townhouse in Markham's Cornell community offering approximately 1,160 sq. ft. with 2 bedrooms plus den (possible bedroom) , 3 bathrooms, and multiple balconies. Updated kitchen with quartz countertops, marble backsplash, and stainless steel appliances. Primary suite features a walk-out balcony, walk-in closet, and renovated ensuite with a modern walk-in shower. Upper level includes a second bedroom, full bathroom, and covered balcony. Conveniently located near Hwy 407, transit, hospital, shopping, and community amenities. Strong value in a sought-after neighbourhood.

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

Closing Costs

Mortgage Amount
$359,200
Land Transfer Taxes$5,455
Legal Fees (Est.)
$
Total cash required for closing$96,755

Total Monthly Obligation

$3,001/mo
Mortgage $1,811
Monthly Loss $2,524
Principal$477
Interest$1,335
Property Tax$168
Condo Fees$822
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.2%13
Cash-on-Cash
-12.1%0
5-Year IRR
6.4%16
10-Year IRR
8.1%
Returns Index
9.2/ 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
$27,036/yr
NOI
$10,054/yr
Net Cash Flow
-$973/mo
Cash Margin
-43.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.464
LTV Ratio
80.0%18
Vacancy Buffer
3.2 mo54
Risk Index
25.5/ 100

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

Comparables

Properties near 15 Cornell Meadows Avenue A206

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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Listing information is deemed reliable but not guaranteed accurate by PropTx or TRREB.

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Data last updated within the past 24 hours.