38 Water Walk Drive Unit 809, Markham

Price: $839,000

3 bedrooms, 3 bathrooms

900 sqft

Property Type: Condo

MLS#: N13457902

Live in the heart of Markham in this bright and functional 2-bedroom + den unit with a northwest-facing balcony. Features include a spacious primary bedroom with a 4-piece ensuite, modern kitchen and bathrooms, and access to premium amenities such as a pool, gym, sauna, library, multipurpose room, and pet spa. Conveniently located near Whole Foods Market, No Frills, LCBO, Cineplex VIP Cinemas Markham, GoodLife Fitness Downtown Markham, and Main Street Unionville. Transit is at your doorstep with easy access to Highways 404/407 and Unionville GO Station. Located within Markham's top-rated school district.

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$839,000 - 38 Water Walk Drive Unit 809, Markham

Condo for Sale in Markham

Neighbourhood: Unionville

3Beds
3Baths
900Sq Ft
Condo
Property Details
MLS Number
N13457902
Property Type
Condo
Status
active
Days on Site
19
Bedrooms
3
Bathrooms
3
Square Feet
900 sqft
Neighbourhood
Markham
Locker
Owned
Exposure
North
Balcony
Open
Listing Brokerage
RE/MAX ALL-STARS REALTY INC.
Description

Live in the heart of Markham in this bright and functional 2-bedroom + den unit with a northwest-facing balcony. Features include a spacious primary bedroom with a 4-piece ensuite, modern kitchen and bathrooms, and access to premium amenities such as a pool, gym, sauna, library, multipurpose room, and pet spa. Conveniently located near Whole Foods Market, No Frills, LCBO, Cineplex VIP Cinemas Markham, GoodLife Fitness Downtown Markham, and Main Street Unionville. Transit is at your doorstep with easy access to Highways 404/407 and Unionville GO Station. Located within Markham's top-rated school district.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,304.50/mo

Includes CMHC insurance ($23,408)

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5-yr fixed avg.

Principal: $755,100Interest: $512,843
Mortgage Amount$778,508
Total Interest$512,843
Est. Property Tax$594/mo
Total Cost$1,291,351

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 Water Walk Drive Unit 809, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,680/mo
Range: $2,278 - $3,082
Cap Rate (ROI)
1.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$2,680
Maintenance Fees-$585
Property Tax (est.)-$594
Insurance (est.)-$175
Net Cash Flow+$1,326

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 $932/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 19 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. We'll want to verify the monthly fees and what they include.

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.

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.

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    38 Water Walk Drive Unit 809, Markham | $839,000 | Battaglia Team