7171 Yonge Street 408, Markham

$555,000
7171 Yonge Street 408

$555,000

New
4d
Condo ApartmentApartment

7171 Yonge Street 408, Markham

Total Monthly Obligation $3,408

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
800-899
DOM
4d
Score
19
Yield
6.2%
Cash on Cash
-3.7%
Cap Rate
3.8%
5Y IRR
12.7%
10Y IRR
12.3%
Property Type-Condo Apartment
MLS® Number-N14095024
Beds-2
Bathrooms-2
Size-800-899 sqft
Listed on site-Oct 19, 2026
Style-Apartment
Building Type-Condo Apartment
Age-11-15
Taxes-$2,891.13 (2025)
Maintenance-$728.78/mo
Locker-None
Parking-1 - Underground
Basement-None
Heating-Fan Coil (Gas)
Brokerage-REMAX YC REALTY
Cooling-Central Air
Laundry-Yes
Fireplace-No
Pool-None
Exterior-Concrete
Possession-Flexible
Neighbourhood-Thornhill
Title-Residential Condo & Other

No agent assigned

Bright & spacious 2-bedroom corner suite with a highly functional split-bedroom layout and desirable southwest exposure! Enjoy 835 sq ft of interior living space plus an impressive 190sq ft wrap-around balcony. Features 9-ft ceilings, hardwood flooring, large windows, and an open-concept kitchen. Exceptional building amenities include 24-hour concierge, indoor pool, sauna, fitness centre, guest suites, party/meeting rooms, BBQ terrace & golf simulator. Enjoy direct indoor access to Shops on Yonge with grocery, restaurants, banks, clinics, retail &more just steps away. TTC/YRT at your doorstep with easy access to Finch Station, Hwy 7, 407,404 & 400. Future subway station planned nearby. A rare combination of space, outdoor living &everyday convenience! *Unit will be professionally painted before move-in.

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

Closing Costs

Mortgage Amount
$444,000
Land Transfer Taxes$7,575
Legal Fees (Est.)
$
Total cash required for closing$120,075

Total Monthly Obligation

$3,408/mo
Mortgage $2,239
Monthly Loss $2,819
Principal$589
Interest$1,650
Property Tax$241
Condo Fees$729
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.0%19
Cash-on-Cash
-8.4%1
5-Year IRR
9.2%30
10-Year IRR
10.1%
Returns Index
16.2/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
19/ 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
$34,308/yr
NOI
$16,841/yr
Net Cash Flow
-$835/mo
Cash Margin
-29.2%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.638
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo46
Risk Index
24.1/ 100

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

Comparables

Properties near 7171 Yonge Street 408

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.

Data is provided courtesy of PropTx.

The information provided herein must only be used by consumers who have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial or other purpose.

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

REALTOR®, REALTORS®, and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to the Canadian Real Estate Association (CREA).

The MLS® trademark and MLS® logo are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.

Data last updated within the past 24 hours.