270 Davis Drive 408, Newmarket

$495,000
270 Davis Drive 408

$495,000

New
3d
Condo ApartmentApartment

270 Davis Drive 408, Newmarket

Total Monthly Obligation $3,148

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
900-999
DOM
3d
Score
22
Yield
7.3%
Cash on Cash
0.5%
Cap Rate
4.7%
5Y IRR
16.0%
10Y IRR
14.9%
Property Type-Condo Apartment
MLS® Number-N14096754
Beds-2
Bathrooms-2
Size-900-999 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Taxes-$2,291 (2025)
Maintenance-$760.16/mo
Locker-Exclusive
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-KELLER WILLIAMS REALTY CENTRES
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick, Concrete
Possession-TBA
Neighbourhood-Central Newmarket
Title-Residential Condo & Other

No agent assigned

Enjoy comfortable, convenient living in this bright and spacious 2-Primary bedroom (full Ensuites) condo featuring abundant natural light and impressive floor-to-ceiling windows. Thoughtfully updated throughout, this inviting home boasts a refreshed kitchen with quartz countertops, stylish backsplash, breakfast bar, and laminate flooring. Additional upgrades include updated bathrooms with modern showers and vanities, plus a newer furnace and washer/dryer. Generous walk-in closets provide excellent storage.Enjoy an exceptional selection of amenities, including a lap pool, hot tub, sauna, exercise room, recreation room, library. Ideally suited for first-time buyers, young families, downsizers, or retirees seeking a comfortable, low-maintenance lifestyle.Conveniently located close to shopping, public transit, the GO Train, and the charm of historic downtown Newmarket, this condo offers the perfect blend of comfort, convenience, and lifestyle.

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(utilities, internet...)
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%
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Closing Costs

Mortgage Amount
$396,000
Land Transfer Taxes$6,375
Legal Fees (Est.)
$
Total cash required for closing$106,875

Total Monthly Obligation

$3,148/mo
Mortgage $1,997
Monthly Loss $2,622
Principal$525
Interest$1,471
Property Tax$191
Condo Fees$760
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
3.8%25
Cash-on-Cash
-4.8%2
5-Year IRR
12.1%51
10-Year IRR
12.4%
Returns Index
26.3/ 100
Growth Sentiment
Weight: 20%
%/yr
Score+50
%/yr
Score+50
%
%
Growth Index
50.0/ 100
GradeD
22/ 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
$36,312/yr
NOI
$18,868/yr
Net Cash Flow
-$424/mo
Cash Margin
-14.0%0
Cash Flow Index
0.3/ 100
Risk Profile
Weight: 20%
DSCR
0.7914
LTV Ratio
80.0%18
Vacancy Buffer
3.0 mo51
Risk Index
27.5/ 100

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

Comparables

Properties near 270 Davis Drive 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.

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Data last updated within the past 24 hours.