$535,000 - 38 Simcoe Promenade Unit 407, Markham
Condo for Sale in Markham
Popular ListingNeighbourhood: Unionville
- MLS Number
- N13490934
- Property Type
- Condo
- Status
- active
- Days on Site
- 12
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Markham
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- TRUSTWELL REALTY INC.
Welcome to Gallery Square, one of Downtown Markham's most sought-after newer communities. This spacious 1 Bedroom + Den, 2 Bathroom suite offers modern urban living in the heart of Markham's vibrant downtown core. Located just steps from Downtown Markham, residents enjoy a highly walkable lifestyle with immediate access to shopping, dining, entertainment, fitness facilities, grocery stores, banks, and everyday conveniences. Enjoy movie nights at Cineplex VIP, workouts at GoodLife Fitness, and a growing collection of retail and dining options right at your doorstep. Gallery Square itself is part of a master-planned mixed-use community featuring retail, public gathering spaces, and an art-inspired central piazza. Commuters will appreciate the close proximity to Unionville GO Station, providing convenient access to downtown Toronto, while Highways 404 and 407 are only minutes away for seamless travel throughout the GTA. The location is also well served by York Region Transit. Just a short drive or leisurely stroll away is the charming historic district of Main Street Unionville, known for its picturesque streetscape, boutique shops, cafés, patios, parks, and year-round community events. Residents can enjoy local favourites such as NextDoor Restaurant along with many other popular dining destinations throughout Unionville. Main Street Unionville is widely recognized as one of Markham's premier destinations for dining, entertainment, and weekend strolls. Nearby amenities include Markham YMCA, York University Markham Campus, CF Markville, First Markham Place, parks, trails, top-rated schools, and a variety of multicultural dining options that make Markham one of the GTA's most desirable communities. Experience the perfect blend of modern condo living, transit convenience, and vibrant community lifestyle at Gallery Square.
Estimate your monthly payments for this property
Estimated Payment
$2,744.83/mo
Includes CMHC insurance ($14,927)
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 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
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.
38 Simcoe Promenade Unit 407, Markham
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Rental income estimator & ROI calculator
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
Fair Market Value
At $892/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 600 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 $2,229 (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.