601-233 South Park Road, Markham, ON

Commerce Valley, Markham · MLS® N13061618

$550,000
For Sale
Listed 172 days agoNo offer date statedSitting longer than typical
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1+1Bedrooms
1Bathrooms
1Garage
600-699Sq ft

About this home

In short

  • Newly renovated 1+1 bedroom in high demand Eden Park.
  • Full facilities with Indoor pool, exercise room and gym, etc.
  • Close to restaurants, groceries, bank and all amenities, easy access to Hwy 404/407.

Newly renovated 1+1 bedroom in high demand Eden Park. Smooth ceiling throughout, new laminate vinyl floor. new quartz kitchen counter and bathroom vanity counter. Bright North East exposure facing court yard. Full facilities with Indoor pool, exercise room and gym, etc. Close to restaurants, groceries, bank and all amenities, easy access to Hwy 404/407. Public transit at door steps.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13061618
Bedrooms
1+1 (2 total)
Bathrooms
1
Size
600-699 sq ft
Cross streets
Highway 7/Leslie
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$549/mo
Exposure
East
Property tax
$2,101 / 2025
Days on market
172
Listing brokerage
CENTURY 21 HERITAGE GROUP LTD.

Rooms

Living RoomFlat6.75 × 3.05 m

laminate · combined w/dining · w/o to balcony

DenFlat3.20 × 2.36 m

Laminate

Primary BedroomFlat3.35 × 3.05 m

laminate · window · closet

KitchenFlat2.92 × 2.62 m

ceramic floor · open concept

Dining RoomFlat6.75 × 3.05 m

laminate · combined w/living

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

Commerce Valley, Markham, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Aileen-Willowbrook
$674K
Royal Orchard
$1.64M
Thornhill
$588K
Grandview
$491K
Unionville
$636K

Typical asking price of active listings of the same type, per area (outliers removed). Markham.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$2,507/mo
$115KIncome needed
4.8×Price ÷ income
$578Weekly cost
$7,475Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.

78%mortgage
Mortgage $2,507Property tax $175Condo fee $549Total carry $3,231

Calculate and customize your mortgage and other expenses

Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.

Your numbers

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,433per month

Mortgage amount $440,000 · 4.49% over 25 years

$110,000Down payment (20.0%)
$440,000Loan before insurance
$0CMHC premium
$3,157Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,433
Property tax
$175
Condo / maintenance fees
$549
Heating
$0
Estimated monthly cost
$3,157

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$7,475
Estimated closing costs
$7,475

Plus your down payment of $110,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,945/monthPayment at the qualifying rate

Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.

Over the full 25 years

$289,851Total interest paid
$729,851Total of all payments
Principal $440,000 Interest $289,851
YearPrincipalInterestBalance
1$9,819$19,375$430,181
2$10,265$18,929$419,916
3$10,731$18,463$409,186
4$11,218$17,976$397,967
5$11,727$17,467$386,240
6$12,260$16,934$373,980
7$12,816$16,378$361,164
8$13,398$15,796$347,765
9$14,007$15,187$333,759
10$14,643$14,551$319,116
11$15,308$13,886$303,808
12$16,003$13,191$287,806
13$16,729$12,465$271,077
14$17,489$11,705$253,588
15$18,283$10,911$235,305
16$19,113$10,081$216,192
17$19,981$9,213$196,212
18$20,888$8,306$175,324
19$21,836$7,358$153,487
20$22,828$6,366$130,660
21$23,864$5,330$106,795
22$24,948$4,246$81,848
23$26,080$3,114$55,767
24$27,265$1,929$28,503
25$28,503$691$0

At the end of your 5-year term

Total paid over the term
$145,970
Principal paid down
$53,760
Interest paid
$92,210
Balance remaining
$386,240

Talk to Team Asgarian about your options

Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.

Let's connect

Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.

Investor snapshot

Rental yield
Estimate$2,050/mo
$24,600Gross annual rent
2.3%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.

4.5%
Gross yield
− Property tax $2,101− Condo fees $6,590− Insurance $600− Vacancy & upkeep $2,706Net operating income $12,603

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 HERITAGE GROUP LTD.. MLS®/PropTx.

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