7428 Markham Road Unit 201, Markham

Price: $549,900

2 bedrooms, 2 bathrooms

900 sqft

Property Type: Condo

MLS#: N13481486

Welcome to this bright and spacious 2-bedroom, 2-bathroom condo offering modern style and exceptional convenience in a highly sought-after Markham location. The open-concept living and dining area is filled with natural light, while the contemporary kitchen features sleek cabinetry, modern appliances, and ample counter space for everyday living and entertaining. The primary bedroom includes a private ensuite, while the generously sized second bedroom is ideally positioned beside the second full bathroom. A versatile flex space is perfect for a home office, reading nook, or additional storage, and the private balcony provides a comfortable place to relax outdoors. Enjoy an unbeatable location with Costco, Canadian Tire, Home Depot, Staples, banks, grocery stores, restaurants, pharmacies, and countless everyday amenities just steps away. Highly rated elementary and secondary schools are nearby, along with parks, walking trails, playgrounds, and pet-friendly green spaces. Convenient access to Highway 407, Highway 7, TTC, and York Region Transit makes commuting throughout the GTA effortless. A fantastic opportunity to enjoy comfortable, low-maintenance living in one of Markham's most convenient communities.

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$549,900 - 7428 Markham Road Unit 201, Markham

Condo for Sale in Markham

Popular Listing

Neighbourhood: Middlefield

2Beds
2Baths
900Sq Ft
Condo
Property Details
MLS Number
N13481486
Property Type
Condo
Status
active
Days on Site
14
Bedrooms
2
Bathrooms
2
Square Feet
900 sqft
Neighbourhood
Markham
Locker
Exclusive
Exposure
West
Balcony
Open
Listing Brokerage
RE/MAX HALLMARK REALTY LTD.
Description

Welcome to this bright and spacious 2-bedroom, 2-bathroom condo offering modern style and exceptional convenience in a highly sought-after Markham location. The open-concept living and dining area is filled with natural light, while the contemporary kitchen features sleek cabinetry, modern appliances, and ample counter space for everyday living and entertaining. The primary bedroom includes a private ensuite, while the generously sized second bedroom is ideally positioned beside the second full bathroom. A versatile flex space is perfect for a home office, reading nook, or additional storage, and the private balcony provides a comfortable place to relax outdoors. Enjoy an unbeatable location with Costco, Canadian Tire, Home Depot, Staples, banks, grocery stores, restaurants, pharmacies, and countless everyday amenities just steps away. Highly rated elementary and secondary schools are nearby, along with parks, walking trails, playgrounds, and pet-friendly green spaces. Convenient access to Highway 407, Highway 7, TTC, and York Region Transit makes commuting throughout the GTA effortless. A fantastic opportunity to enjoy comfortable, low-maintenance living in one of Markham's most convenient communities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,821.27/mo

Includes CMHC insurance ($15,342)

$
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5-yr fixed avg.

Principal: $494,910Interest: $336,129
Mortgage Amount$510,252
Total Interest$336,129
Est. Property Tax$390/mo
Total Cost$846,382

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: Middlefield

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

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

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.

70
Walk Score
Varies
Price Range

7428 Markham Road Unit 201, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,280/mo
Range: $1,938 - $2,622
Cap Rate (ROI)
2.6%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,280
Maintenance Fees-$585
Property Tax (est.)-$390
Insurance (est.)-$115
Net Cash Flow+$1,190

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 $611/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.

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.

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 $2,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.

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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    7428 Markham Road Unit 201, Markham | $549,900 | Battaglia Team