8 Water Walk Drive 1503, Markham

$682,000
8 Water Walk Drive 1503

$682,000

New
3d
Condo ApartmentApartment

8 Water Walk Drive 1503, Markham

Total Monthly Obligation $3,631

HausQ Valuation Report
Beds
2
Baths
2
Park
1
Sqft
700-799
DOM
3d
Score
18
Yield
4.8%
Cash on Cash
-5.6%
Cap Rate
3.4%
5Y IRR
11.2%
10Y IRR
11.1%
Property Type-Condo Apartment
MLS® Number-N14102634
Beds-2
Bathrooms-2
Size-700-799 sqft
Listed on site-Oct 20, 2026
Style-Apartment
Building Type-Condo Apartment
Age-0-5
Taxes-$2,687.32 (2026)
Maintenance-$456.2/mo
Locker-Owned
Parking-1 - Underground
Basement-None
Heating-Forced Air (Gas)
Brokerage-CENTURY 21 HERITAGE GROUP LTD.
Cooling-Central Air
Laundry-No
Fireplace-No
Pool-None
Exterior-Concrete
Possession-30 Days/ TBD
Neighbourhood-Unionville
Title-Residential Condo & Other

No agent assigned

Luxury Riverview Condos in high demand area of Unionville. Large 2 bedroom Unit with unobstructed south exposure. Master bedroom with 3-pc ensuite and a large window. Living room walk-out to a large 97 sf balcony facing the ravine Rouge Valley Greenbelt. Close vicinity to downtown Markham and York University Markham campus. Open concept kitchen with Stone Counter top, built-in appliances and a center Island. Public Transit at door steps. Close to shopping, restaurants, banks, easy access to HWY 404/407. Close to all amenities.

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

Closing Costs

Mortgage Amount
$545,600
Land Transfer Taxes$10,115
Legal Fees (Est.)
$
Total cash required for closing$148,015

Total Monthly Obligation

$3,631/mo
Mortgage $2,751
Monthly Loss $2,907
Principal$724
Interest$2,027
Property Tax$224
Condo Fees$456
Home Insurance$50
Variable Costs$150
Returns
Weight: 25%
Cap Rate
2.8%17
Cash-on-Cash
-9.6%1
5-Year IRR
8.2%24
10-Year IRR
9.2%
Returns Index
13.2/ 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
$18,998/yr
Net Cash Flow
-$1,168/mo
Cash Margin
-42.7%0
Cash Flow Index
0.0/ 100
Risk Profile
Weight: 20%
DSCR
0.586
LTV Ratio
80.0%18
Vacancy Buffer
2.7 mo43
Risk Index
22.6/ 100

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

Comparables

Properties near 8 Water Walk Drive 1503

Time

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Data last updated within the past 24 hours.