$688,800 - 8111 Yonge Street Unit 1612, Markham
Condo for Sale in Markham
Neighbourhood: Royal Orchard
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- MLS Number
- N13808156
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,400 sqft
- Neighbourhood
- Markham
- Taxes (2025)
- $2,962
- Maintenance Fees
- $1,446/mo
- Locker
- Ensuite+Exclusive
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ROYAL LEPAGE RCR REALTY
Welcome To The Gazebo Of Thornhill. Step Into This Spacious, Beautifully Appointed South-Facing Suite In One Of Markham's Most Sought-After Residences. This Model Boasts A Living Area Of 1404 Sq/Ft. Plus An Impressive 400+ Sq/Ft. Balcony. Bathed In Natural Light, This Inviting Home Features An Open Concept Living Area And A Generously Sized Master Retreat With A Large Walk-In Closet And A Luxurious 3-Piece Ensuite. Enjoy An Impressive Lineup Of Resort-Style Amenities, Including An Indoor Pool, Tennis Courts, Billiards Room, Fully Equipped Exercise Room, Squash Court, Sauna, Car Wash, Woodworking Shop, And Beautifully Landscaped Grounds For Strolls And Quiet Moments Outdoors. The Building Also Boasts Welcoming Communal Spaces, Perfect For Socializing Or Relaxing. Located Directly On Yonge Street, This Prime Address Puts You Within Easy Reach Of Shopping, Parks, Public Transit (Viva, Go Bus), And Offers Quick Access To Highways 407 And 404, Making Commuting A Breeze. Additional Conveniences Include Two Owned Underground Parking Space And A Private Locker. Enjoy Entertaining And Relaxation From The Comfort Of The Oversized Balcony. Featuring Two Walkouts, This Additional Outdoor Space Offers Spectacular, South-Facing Views And Is Finished With Tasteful, Maintenance-Free Composite Plastic Tiling. All Inclusive Maintenance !!!Don't Miss This Opportunity To Own A Piece Of Luxury In The Heart Of Thornhill. A Very Well-Managed Building Offering Comfort, Community, And Convenience All In One. Make This Amazing Place Your Home!
Estimate your monthly payments for this property
Estimated Payment
$3,533.90/mo
Includes CMHC insurance ($19,218)
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 Royal Orchard
Royal Orchard 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 Royal Orchard
- •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
Royal Orchard 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.
8111 Yonge Street Unit 1612, 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 $492/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 16 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 $1446/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 Royal Orchard
I know Royal Orchard 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 $2,870 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.