18 Water Walk Drive Unit 2806, Markham

Price: $888,000

3 bedrooms, 3 bathrooms

1,000 sqft

Property Type: Condo

MLS#: N13726432

Welcome to Markham Riverview Condos 2, a spacious and thoughtfully designed 2-bedroom plus den, 2.5-bathroom suite with over 1,000 sq. ft. of interior living space and a 94 sq. ft. private balcony. This functional layout features an open-concept living and dining area, a modern kitchen with ample cabinetry and counter space. This exceptional split-bedroom layout features a bright, open-concept living and dining area with an inviting flow into the modern kitchen. The kitchen is equipped with a built-in island, providing additional workspace, storage, and the perfect setting for casual dining or entertaining. The generous primary bedroom offers a walk-in closet and private ensuite bathroom, while the second bedroom is thoughtfully positioned for privacy and convenience. The enclosed den comes complete with a door, making it ideal for a home office, study, or private guest area. One EV parking space and one locker are included. This well-managed building features 24/7 concierge, secure smart entry, automated parcel lockers, a two-storey amenity pavilion, fully equipped gym, indoor pool, sauna, yoga room, business centre, library, party/lounge rooms, BBQ rooftop terrace, outdoor park, and ample visitor parking (outdoor & underground). Located within the top-ranking Unionville High School catchment, and minutes to Whole Foods, LCBO, Downtown Markham, Main Street Unionville, restaurants, cinema, Toogood Pond, York University Markham Campus, GO Station, Hwy 404 & 407, and public transit on Hwy 7.

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$888,000 - 18 Water Walk Drive Unit 2806, Markham

Condo for Sale in Markham

37 days on market

Neighbourhood: Unionville

3Beds
3Baths
1,000Sq Ft
Condo

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Property Details
MLS Number
N13726432
Property Type
Condo
Status
active
Days on Site
37
Bedrooms
3
Bathrooms
3
Square Feet
1,000 sqft
Neighbourhood
Markham
Taxes (2026)
$3,540
Maintenance Fees
$626/mo
Locker
Owned
Exposure
West
Balcony
Open
Listing Brokerage
T-ONE GROUP REALTY INC.,
Description

Welcome to Markham Riverview Condos 2, a spacious and thoughtfully designed 2-bedroom plus den, 2.5-bathroom suite with over 1,000 sq. ft. of interior living space and a 94 sq. ft. private balcony. This functional layout features an open-concept living and dining area, a modern kitchen with ample cabinetry and counter space. This exceptional split-bedroom layout features a bright, open-concept living and dining area with an inviting flow into the modern kitchen. The kitchen is equipped with a built-in island, providing additional workspace, storage, and the perfect setting for casual dining or entertaining. The generous primary bedroom offers a walk-in closet and private ensuite bathroom, while the second bedroom is thoughtfully positioned for privacy and convenience. The enclosed den comes complete with a door, making it ideal for a home office, study, or private guest area. One EV parking space and one locker are included. This well-managed building features 24/7 concierge, secure smart entry, automated parcel lockers, a two-storey amenity pavilion, fully equipped gym, indoor pool, sauna, yoga room, business centre, library, party/lounge rooms, BBQ rooftop terrace, outdoor park, and ample visitor parking (outdoor & underground). Located within the top-ranking Unionville High School catchment, and minutes to Whole Foods, LCBO, Downtown Markham, Main Street Unionville, restaurants, cinema, Toogood Pond, York University Markham Campus, GO Station, Hwy 404 & 407, and public transit on Hwy 7.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,555.90/mo

Includes CMHC insurance ($24,775)

$
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5%10%50%

5-yr fixed avg.

Principal: $799,200Interest: $542,795
Mortgage Amount$823,975
Total Interest$542,795
Est. Property Tax$629/mo
Total Cost$1,366,770

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.

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Neighbourhood Guide: Unionville

Discover Unionville

Unionville 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 Unionville

  • •Convenient location in Markham
  • •Access to local shops and dining
  • •Good public transit connections
  • •Community parks and green spaces
  • •Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Unionville 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.

70
Walk Score
Varies
Price Range

18 Water Walk Drive Unit 2806, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
1.8%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$626
Property Tax (est.)-$629
Insurance (est.)-$185
Net Cash Flow+$1,320

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $888/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.

Market Position

At 37 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.

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 $626/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.

Bathroom Count Matters

With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.

About Unionville

I know Unionville 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.

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    18 Water Walk Drive Unit 2806, Markham | $888,000 | Battaglia Team