617-9500 Markham Road, Markham, ON
Wismer, Markham · MLS® N13522432
About this home
In short
- Well maintained unit featuring a functional layout with excellent use of space.
- Locker on the same floor (6/F).
- Parking spot on P1 closed to the elevator.
- One bicycle locker #168 on P1.
Well maintained unit featuring a functional layout with excellent use of space. Spacious bedroom with walk-in closet and plenty of storage throughout. Clean and practical interior offering comfortable everyday living. Conveniently located with easy access to restaurants, supermarkets, banks, gas stations, schools, public transit, and other daily amenities. Mount Joy Go station nearby. Ideal for professionals or young couple seeking a clean, functional, and conveniently situated home in the heart of Markham. Locker on the same floor (6/F). Parking spot on P1 closed to the elevator. One bicycle locker #168 on P1.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13522432
- Bedrooms
- 1
- Bathrooms
- 1
- Size
- 500-599 sq ft
- Cross streets
- 16th / Markham
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $432/mo
- Exposure
- North
- Property tax
- $2,024 / 2025
- Days on market
- 79
- Listing brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rooms
laminate · combined w/living · open concept
laminate · walk-in closet(s) · window
laminate · combined w/dining · w/o to balcony
laminate · open concept · stainless steel appl
Listed at $468,000. Going by how homes in Wismer and the wider GTA have actually closed against their asking prices (about 99%, 6 local closings in 90 days), the likely sale price is near $461K, if it sells. A realistic range is $434K to $499K.
Independent value check: $401K. Without looking at the asking price, our model values the home itself about 14% below the ask (homes like it typically land between $373K and $421K).
Why $401K. The typical condo sold in Wismer over the past year went for about $473K (33 sales). What sets this one apart:
- ▼ Lowers itIt is 500 to 599 sq ft; the typical home sold here is 600 to 699.
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $2,024 a year; the typical home sold here pays about $2,200.
Longer on the market than typical. 79 days on the market against about 26 for homes like it here, and asking 17% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $461K, from 6 recent closings in this pocket.
The market behind the math:
About 4.5 months of inventory: 9 condo apartment homes for sale in the area against 6 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $852/sqft against an area asking average of $690/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood and this building.
It never sees the asking price. The 6 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $407K. Condition and finishes remain an in-person call.
What the listing highlights1 point to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Elevator: rare and valuable for accessibility and resale. Lifestyle
Schools & getting aroundcatchment and transit
On schools, this address is zoned for Bur Oak SS, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
Based on 4 homes sold in this building over the past two years, plus 1 nearby in Wismer, from 60 closings in Wismer.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $689/sqft; this home lists at $852/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Wismer, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Markham.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Also nearby: 12 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
Affordability & Mortgage
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.
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
Conventional (20%+ down). Best insured 5-year fixed 4.24% via Ratehub.ca (as of September 21, 2026); conventional rates run a little higher.
Mortgage amount $374,400 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,049
- Property tax
- $169
- Condo / maintenance fees
- $432
- Heating
- $0
- Estimated monthly cost
- $2,650
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,835
- Estimated closing costs
- $5,835
Plus your down payment of $93,600. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
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
At the end of your 5-year term
- Total paid over the term
- $122,962
- Principal paid down
- $46,292
- Interest paid
- $76,670
- Balance remaining
- $328,108
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.
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 6 whole-home leases in Wismer signed at a median of $2,405 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,002. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.