48 Suncrest Boulevard Unit 112, Markham

Price: $499,900

3 bedrooms, 2 bathrooms

1,000 sqft

Property Type: Condo

MLS#: N13618294

Rarely offered 2-bedroom + den, 2-bath suite in the prestigious Thornhill Towers. Approximately 1,200 sq ft featuring a highly efficient, open-concept layout with 9' ceilings and generous living space. The large den is perfect for a home office or can easily function as a third bedroom. Upgraded with stainless steel appliances, granite countertops, and a breakfast bar-move-in ready for modern living. Prime location within walking distance to restaurants, supermarkets, and Times Square Plaza, with a Viva bus stop right at your doorstep. Quick access to Highways 7, 407, and 404. Enjoy top-tier building amenities including 24-hour concierge, indoor pool, sauna, gym, and party room. Includes one parking space and one locker. Certain photos have been digitally enhanced using AI to demonstrate possible room layouts and staging. Buyers are encouraged to view the property in person.

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New Listing
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$499,900 - 48 Suncrest Boulevard Unit 112, Markham

Condo for Sale in Markham

New — Listed 5 days ago

Neighbourhood: Commerce Valley

3Beds
2Baths
1,000Sq Ft
Condo
Property Details
MLS Number
N13618294
Property Type
Condo
Status
active
Days on Site
5
Bedrooms
3
Bathrooms
2
Square Feet
1,000 sqft
Neighbourhood
Markham
Locker
Owned
Exposure
North
Balcony
None
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Rarely offered 2-bedroom + den, 2-bath suite in the prestigious Thornhill Towers. Approximately 1,200 sq ft featuring a highly efficient, open-concept layout with 9' ceilings and generous living space. The large den is perfect for a home office or can easily function as a third bedroom. Upgraded with stainless steel appliances, granite countertops, and a breakfast bar-move-in ready for modern living. Prime location within walking distance to restaurants, supermarkets, and Times Square Plaza, with a Viva bus stop right at your doorstep. Quick access to Highways 7, 407, and 404. Enjoy top-tier building amenities including 24-hour concierge, indoor pool, sauna, gym, and party room. Includes one parking space and one locker. Certain photos have been digitally enhanced using AI to demonstrate possible room layouts and staging. Buyers are encouraged to view the property in person.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,564.75/mo

Includes CMHC insurance ($13,947)

$
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5%10%50%

5-yr fixed avg.

Principal: $449,910Interest: $305,567
Mortgage Amount$463,857
Total Interest$305,567
Est. Property Tax$354/mo
Total Cost$769,424

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: Commerce Valley

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

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

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.

70
Walk Score
Varies
Price Range

48 Suncrest Boulevard Unit 112, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,760/mo
Range: $2,346 - $3,174
Cap Rate (ROI)
4.0%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,760
Maintenance Fees-$650
Property Tax (est.)-$354
Insurance (est.)-$104
Net Cash Flow+$1,652

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

Competitive Pricing

At $500/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Markham's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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.

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 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.

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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    48 Suncrest Boulevard Unit 112, Markham | $499,900 | Battaglia Team