$678,000 - 7325 Markham Road Unit 222, Markham
Condo for Sale in Markham
Neighbourhood: Cedarwood
- MLS Number
- N13613264
- Property Type
- Condo
- Status
- active
- Days on Site
- 26
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Markham
- Locker
- Owned
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- HOMELIFE/GTA REALTY INC.
Attention: Seniors who are Downsizing and are afraid of Height and First Time Home Buyer. (1)Energy Saving Eco Friendly GreenLife Building with Solar Panels and Geo Thermal Heating and Cooling to save Monthly Maintenance fees and Utilities Cost. (2)It only Cost $500 Per month for Maintenance Fees and Utilities Cost per month to the Seller. Others condo similar size will rum $1,000 including Utilities or more per month* (3)8 Year Old 1005 Spacious Unit with East Facing Door and West Facing Balcony.(4)9 feet Ceiling thru out except under bulkhead. (5)Spacious Bright 2 Plus Den and den is like a 3rd bedroom, or puja room or private office room.(6)Freshly Painted, New Porcelain Back Splash, Door Handles, LED Lights, S/S Appliances and Full Sized Washer and Dryer*. (7)Extra Tall kitchen cabinets and granite Counter. (8)Gym room, party room, badminton room, visitor parking, security guard. Extra Wide Hallway compared to Newer Hi Rise Building.(9) Walk to Freshco, Walmart, Shops, Home Depot, Canadian Tire, McDonald's, Costco, Medical Offices, and close to 407-404-401 and Community Centre. (10) 1 Owned Parking and 1 Owned Locker Underground. (11)Laminate Floors Throughout. (12) Walking Trail with Pond close by. (13)This condo will save you lot of Cost every month and is very affordable for its size and age and location.
Estimate your monthly payments for this property
Estimated Payment
$3,478.49/mo
Includes CMHC insurance ($18,916)
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 Cedarwood
Cedarwood 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 Cedarwood
- •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
Cedarwood 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.
7325 Markham Road Unit 222, 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
Competitive Pricing
At $678/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 26 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.
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 Cedarwood
I know Cedarwood 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 $2,825 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.