8 Cedarland Drive 318, Markham

$599,000
8 Cedarland Drive 318

$599,000

New
3d
Condo ApartmentApartment

8 Cedarland Drive 318, Markham

Total Monthly Obligation $3,475

Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
3d
Score
18
Yield
5.5%
Cash on Cash
-5.0%
Cap Rate
3.5%
5Y IRR
11.6%
10Y IRR
11.5%
Property Type-Condo Apartment
MLS® Number-N14099390
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$3,354.2 (2026)
Maintenance-$578.98/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 MYPRO REALTY
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Brick
Possession-Immediate
Neighbourhood-Unionville
Title-Residential Condo & Other

No agent assigned

Luxury Vendome Condominium Located In High Demand Unionville. This bright and spacious unit features two bedrooms, South Exposure WithTerrace and Park View. Wood floor throughout. Open concept living area with high end kitchen appliances.Step out onto the large open Terrace with clear South view. Locker is rarely on the same floor and take advantage of convenient storage feature. Perfectly Situated On A Quiet Street In Downtown Markham Prime Area Hwy 7 & Warden, Walking Distance to Top Ranked Unionville High School. Just Steps To Shops, Dining, Transit, And The Future York University Campus. The condo is minutes away from local shops, restaurants, banks, entertainment and more! Easy transit with steps to Viva bus stop, mins drive to Unionville WGO Station, quick access to Hwy 407, 404, 401. 24/7 concierge. Vendome Condos Impress With French-Inspired Architecture And A Stunning Lobby That Creates A Sophisticated First Impression. Residents Enjoy World-Class Amenities Including A 24-Hour Concierge, Basketball Court, Fitness Centre, Yoga Studio, Co-Working Lounge, Guest Suite, Pet Spa, And More. A must see. One Parking and Locker Included.

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

Closing Costs

Mortgage Amount
$479,200
Land Transfer Taxes$8,455
Legal Fees (Est.)
$
Total cash required for closing$129,755

Total Monthly Obligation

$3,475/mo
Mortgage $2,416
Monthly Loss $2,839
Principal$636
Interest$1,780
Property Tax$280
Condo Fees$579
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.4%1
5-Year IRR
8.3%25
10-Year IRR
9.4%
Returns Index
13.7/ 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
$32,844/yr
NOI
$16,858/yr
Net Cash Flow
-$1,011/mo
Cash Margin
-37.0%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.8 mo45
Risk Index
23.4/ 100

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

Comparables

Properties near 8 Cedarland Drive 318

Time

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