$579,000 - 1 Royal Orchard Boulevard Unit 502, Markham
Condo for Sale in Markham
Popular ListingNeighbourhood: Royal Orchard
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- MLS Number
- N13835286
- Property Type
- Condo
- Status
- active
- Days on Site
- 9
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Markham
- Taxes (2026)
- $2,319
- Maintenance Fees
- $975/mo
- Locker
- Ensuite
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Welcome to this beautifully maintained, west-facing corner suite in the heart of Olde Thornhill's forested Royal Orchard community. Bright, freshly painted and larger than most condos in the area, this 3-bedroom home offers neutral décor and a rare private wraparound L-shaped balcony of over 400 sq ft, ideal for morning coffee, entertaining or a container garden. The upgraded kitchen features glass-front upper cabinets, abundant drawers and counter space, a large pantry, upgraded lighting and newer stainless appliances, including a brand-new built-in dishwasher, 2-door fridge and nearly new electric stove. Brand-new Midea front-load washer and heat-pump dryer, plus a very large walk-in storage room/locker with extensive shelving beside the laundry and kitchen. A custom mirrored storage area in the living room adds even more space, and the primary bedroom offers his-and-hers closets and a 2-pc ensuite. Fully renovated 4-pc bath with Jacuzzi tub. Includes one of the building's most convenient underground parking spots, plus ample visitor parking. Steps to transit, with grocery, pharmacy, restaurants and shops a 5-minute walk away and great schools nearby. Enjoy the standalone Orchard Club, with an indoor pool, sauna, gym, tennis and basketball courts, rec room, woodworking shop and more, all included in the maintenance fees. Maintenance fees also cover heat, water, Rogers internet and cable TV, parking, common elements and building insurance (hydro approx. $37/month). This home is in perfect move-in condition. The last unit with the same layout sold very quickly, so don't miss out! A rare find. Please note: The unit is unfurnished. Some photos have been virtually staged using AI to show how the space could look.
Estimate your monthly payments for this property
Estimated Payment
$2,970.57/mo
Includes CMHC insurance ($16,154)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Royal Orchard
Royal Orchard is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Royal Orchard
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Royal Orchard offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
1 Royal Orchard Boulevard Unit 502, Markham
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $579/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. The $975/month fees should cover building insurance, common elements, and reserve contributions.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
About Royal Orchard
I know Royal Orchard well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Markham properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,413 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.