38 Cedarland Drive Unit 1006, Markham

Price: $638,000

2 bedrooms, 2 bathrooms

700 - 1,099 sqft

Property Type: Condo

MLS#: N13492314

Luxury 1+1 BR condo at Fontana in Downtown Markham. Within highly ranked Unionville High School zone. Excellent functional layout featuring a spacious den with a door that can easily be used as a 2nd bedroom. Comes with two full bathroom with showers. 9ft ceilings and great natural light. Building amenities: 24hr concierge, indoor pool, jacuzzi, basketball court, gym, & party room with BBQ patio. Premium location with a park right downstairs. Steps to YRT & Markham Civic Centre. Minutes to Hwy 404/407, GO Station, shopping, banks, and restaurants. Clear, convenient, and move-in ready.

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$638,000 - 38 Cedarland Drive Unit 1006, Markham

Condo for Sale in Markham

Popular Listing

Neighbourhood: Unionville

2Beds
2Baths
700 - 1,099Sq Ft
Condo
Property Details
MLS Number
N13492314
Property Type
Condo
Status
active
Days on Site
9
Bedrooms
2
Bathrooms
2
Square Feet
700 - 1,099 sqft
Neighbourhood
Markham
Locker
Owned
Exposure
East
Balcony
Open
Listing Brokerage
HOMELIFE LANDMARK REALTY INC.
Description

Luxury 1+1 BR condo at Fontana in Downtown Markham. Within highly ranked Unionville High School zone. Excellent functional layout featuring a spacious den with a door that can easily be used as a 2nd bedroom. Comes with two full bathroom with showers. 9ft ceilings and great natural light. Building amenities: 24hr concierge, indoor pool, jacuzzi, basketball court, gym, & party room with BBQ patio. Premium location with a park right downstairs. Steps to YRT & Markham Civic Centre. Minutes to Hwy 404/407, GO Station, shopping, banks, and restaurants. Clear, convenient, and move-in ready.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$3,273.27/mo

Includes CMHC insurance ($17,800)

$
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5%10%50%

5-yr fixed avg.

Principal: $574,200Interest: $389,981
Mortgage Amount$592,000
Total Interest$389,981
Est. Property Tax$452/mo
Total Cost$981,981

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

38 Cedarland Drive Unit 1006, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
2.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$455
Property Tax (est.)-$452
Insurance (est.)-$133
Net Cash Flow+$1,160

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 $911/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.

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. We'll want to verify the monthly fees and what they include.

Efficient Living

At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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.

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 $2,658 (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.

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    38 Cedarland Drive Unit 1006, Markham | $638,000 | Battaglia Team