$669,000 - 7400 Markham Road Unit 414, Markham
Condo for Sale in Markham
Neighbourhood: Middlefield
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- MLS Number
- N13805164
- Property Type
- Condo
- Status
- active
- Days on Site
- 19
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,000 sqft
- Neighbourhood
- Markham
- Taxes (2026)
- $2,499
- Maintenance Fees
- $261/mo
- Locker
- Owned
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- PUBLIC TRUST REALTY INC.
Rare Find! Spacious 2+1 Bedroom Apartment With Two Parking Spaces, Two Full Bathrooms And One Large Storage Locker. Recently Renovated And Ideally Located, 9-Ft Ceilings, West-Facing Windows And A Bright, Breezy, Open-Concept Layout. Two Spacious Bedrooms With Large Windows Plus A Den With French Door That Can Easily Be Used As A Third Bedroom Or Home Office. Modern Open-Concept Kitchen Features Energy-Efficient Stainless Steel Appliances, Tall Soft-Close Cabinetry, Backsplash And Breakfast Bar. In-Suite Laundry With Front-Load Washer And Dryer. Recent Upgrades Include New Vinyl Flooring, Kitchen Backsplash, Quartz Vanity Tops In Both Bathrooms, Fresh Paint And Contemporary Crystal Chandeliers In The Living Room. Two Parking Spaces, One Underground And One Surface, Conveniently Located Close To The Elevator And Building Entrance. Large Storage Locker Provides Ample Additional Storage. Building Amenities Include A Fully Equipped Gym And Party Room. Ideally Located Steps From Shopping Plazas, TTC & YRT Transit, Home Depot, Costco, Canadian Tire, Banks, Restaurants And Grocery Stores. Minutes To Hwy 407, Community Centres, Schools And Religious Institutions. Clean, Well-Maintained Building With Fewer Units, Spacious Elevators And A Rooftop Solar System. Low Maintenance Fees. A Rare Opportunity You Won't Want To Miss!
Estimate your monthly payments for this property
Estimated Payment
$3,432.32/mo
Includes CMHC insurance ($18,665)
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 Middlefield
Middlefield 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 Middlefield
- •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
Middlefield 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.
7400 Markham Road Unit 414, 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 $669/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 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. The $261/month fees should cover building insurance, common elements, and reserve contributions.
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 Middlefield
I know Middlefield 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 $2,788 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.