$599,000 - 38 Simcoe Promenade Unit C503, Markham
Condo for Sale in Markham
Neighbourhood: Unionville
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- MLS Number
- N13812650
- Property Type
- Condo
- Status
- active
- Days on Site
- 15
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Markham
- Taxes (2026)
- $3,897
- Maintenance Fees
- $670/mo
- Locker
- Owned
- Exposure
- North East
- Balcony
- Terrace
- Listing Brokerage
- RE/MAX REALTRON WENDY ZHENG REALTY
Welcome To This Bright And Spacious Corner Suite In A Modern Building Completed In 2023, Ideally Located In The Heart Of Downtown Markham! Offering 943 Sq. Ft. Of Interior Living Space Plus A Private Balcony, This Well-Designed 2+1 Bedroom, 2-Bathroom Residence Features 9-Ft Ceilings And Includes One Parking Space And One Locker. The Open-Concept Living And Dining Area Is Surrounded By Floor-To-Ceiling Windows, Creating A Bright And Airy Atmosphere With Plenty Of Natural Light. The Contemporary Kitchen Features Built-In Appliances, Modern Cabinetry, Generous Counter Space And Ample Storage. A Separate Den Offers Excellent Flexibility As A Home Office, Study Area Or Potential Third Bedroom. The Spacious Primary Bedroom Features A Large Closet And Private Ensuite, While The Second Bedroom Is Ideal For Family Or Guests. Enjoy 24-Hour Concierge, Fitness Centre, Media Room, Party Lounge And Visitor Parking. Steps To Unionville GO Station, Viva Transit, York University Markham Campus, Cineplex VIP, T&T Supermarket, Restaurants, Shops And Everyday Conveniences. Minutes To Highways 404 And 407. Zoned For Top-Ranked Unionville High School (#21/744) And St. Augustine Catholic High School (#1/747). An Exceptional Opportunity For End Users Or Investors To Own A Move-In-Ready Suite In One Of Markham's Most Vibrant Communities!
Estimate your monthly payments for this property
Estimated Payment
$3,073.18/mo
Includes CMHC insurance ($16,712)
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 C503, 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 $666/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.
Market Position
At 15 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 $670/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 900 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.
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 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.