$488,000

For saleJust listed

Book a showing

#1001 37 Galleria Pkwy, Markham (Commerce Valley) - Single Family for Sale

#1001 37 Galleria Pkwy, Markham (Commerce Valley), Ontario, L3T0A3

2 beds1 bath parking

#1208 12 Gandhi Lane, Markham (Commerce Valley), Ontario, L3T0G8

2 bd2 ba1 pk650 ft²+$358/mo

Listed by HOMELIFE NEW WORLD REALTY INC.

#318 273 SOUTH PARK Road, Markham (Commerce Valley), Ontario, L3T0B5

For saleJust listed

3 days ago

$529K

#318 273 SOUTH PARK Road, Markham (Commerce Valley), Ontario, L3T0B5

2 bd1 ba1 pk650 ft²+$549/mo

Listed by FIRST CLASS REALTY INC.

52 South Park Road, Markham (Commerce Valley), Ontario, L3T0G6

For saleJust listed

4 days ago

$1.24M

52 South Park Road, Markham (Commerce Valley), Ontario, L3T0G6

4 bd5 ba4 pk2,125 ft²+$349/mo

Listed by LOYALTY REAL ESTATE

56 Active Road, Markham (Commerce Valley), Ontario, L3T0G2

For saleJust listed

4 days ago

$1.30M

56 Active Road, Markham (Commerce Valley), Ontario, L3T0G2

3 bd5 ba4 pk2,125 ft²+$349/mo

Listed by FIRST CLASS REALTY INC.

Investment analysis

Rental cashflow calculator

Estimate the monthly cashflow if you bought this home as a rental. Every figure below is an editable estimate. This is education only, not financial advice.

Estimated monthly rent

Enter the monthly rent you expect, or adjust our estimate.

Down payment (%)

Rate (%)

Amortization (yrs)

Property tax (/ yr)

Condo fee (/ mo)

Insurance (est. / mo)

Maint. + vacancy (est. / mo)

Enter an estimated monthly rent to see the cashflow.

Estimates only, not a mortgage approval or financial advice. Rate, taxes, and allowances are assumptions you can edit above.

$488,000

Markham

Book a showing

Overview

This 2-bedroom, 1-bathroom condo in Markham is for sale offering roughly 650 sq ft of space. Listed at $488,000, it is attractively priced about 25% below the $649,000 median asking price in Markham. It has been on the market 0 days, fresher than the Markham average of 47 days.

Condos for Sale in Markham →All real estate in Markham →

Description

Beautifully 1 Bedroom + Den (Can Be Used As 2nd Bedroom),646 Sf + Balcony 45 Sf. Of Open Concept Layout, Modern Kitchen With S/S Appliances, Centre Island, Granite Countertop. EnSuite Laundry. Recreation Centre Includes Indoor Pool, Sauna, Gym Room, Party/Meeting Room, Concierge, Guest Suites, Visitor Parking, Etc. Steps To Parks & All Amenities. (id:66096)

Property Details

MLS®: N14145452
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $524/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,013.61/yr
Listed: Today

Market Timing

Days on market

Markham (Commerce Valley) listings, avg age

47d

Price / ft²

$751

List price

$488K

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (L3T)

This home lists at $488,000, about 5.1× the local median household income of $95,000.

Carrying it typically needs a household income of about $95,323 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $95,000
Population: 50,405
Median age: 47.2
Owner / renter: 76% / 24%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3T)

$488,000· $751/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment5% · $24,400

Min 5%50%

Mortgage payment$2,570/mo

↳ CMHC premium ($18,544 capitalized)

Property tax (est.)$168/mo

Condo fee$524/mo

Total monthly$3,262

Cash Needed to Close

Down payment (5%)$24,400

Land transfer tax$6,235

Est. closing costs$3,964

Total cash needed$34,599

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#1001 37 Galleria Pkwy, Markham (Commerce Valley) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (L3T)

Book a showing

Full Cost Breakdown