$649,000 - 39 Galleria Parkway Unit LPH5, Markham
Condo for Sale in Markham
42 days on marketNeighbourhood: Commerce Valley
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- MLS Number
- N13713014
- Property Type
- Condo
- Status
- active
- Days on Site
- 42
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Markham
- Taxes (2026)
- $2,759
- Maintenance Fees
- $712/mo
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- SUTTON GROUP REALTY SYSTEMS INC.
Bright and spacious south facing 2 bedroom, 2 bathroom Lower Penthouse Suite filled with natural sunlight. 9Ft Ceiling. Features high ceiling and an unobstructed view overlooking a beautiful southern park, located in the prime Diamond area at Hwy 7 / Leslie / Bayview in Thornhill Markham. Enjoy large windows and a huge private balcony, along with a modern kitchen equipped with SS Appliances and centre island. Conveniently situated within walking distance to a wide variety of restaurants, and just minutes to public transit, shopping, grocery stores, and major highways. Maintenance fees include water and heat, offering excellent value and helping reduce your monthly carrying costs. Building amenities include 24 hour concierge, gym, sauna, indoor swimming pool, party room, and billiards room. 2 parking spaces (close to elevator) and 1 locker Included. Virtual staging
Estimate your monthly payments for this property
Estimated Payment
$3,329.71/mo
Includes CMHC insurance ($18,107)
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 Commerce Valley
Commerce Valley 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 Commerce Valley
- •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
Commerce Valley 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.
39 Galleria Parkway Unit LPH5, 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
Fair Market Value
At $811/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 42 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 $712/month fees should cover building insurance, common elements, and reserve contributions.
Efficient Living
At 800 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 Commerce Valley
I know Commerce Valley 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 $2,704 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.