802-60 Inverlochy Boulevard, Markham, ON
Royal Orchard, Markham · MLS® N13703850
About this home
In short
- Welcome to this bright and spacious 1,153 sq ft 3-bedroom corner unit offering stunning south and east exposures with lush green views.
- Designed for comfortable everyday living, the functional layout features open-concept living and dining spaces, both offering direct walk-outs to two oversized...
- Set within a premier, well-managed complex, residents enjoy exceptional amenities through the Orchard Club including an indoor pool, sauna, tennis and basketball...
Welcome to this bright and spacious 1,153 sq ft 3-bedroom corner unit offering stunning south and east exposures with lush green views. Designed for comfortable everyday living, the functional layout features open-concept living and dining spaces, both offering direct walk-outs to two oversized balconies ideal for outdoor relaxing. Set within a premier, well-managed complex, residents enjoy exceptional amenities through the Orchard Club including an indoor pool, sauna, tennis and basketball courts, and a complete sports facility. The all-inclusive maintenance fees generously cover all utilities, cable TV, high-speed internet, and full club membership. Complete with a dedicated underground parking and a prime location just steps from top-rated schools, public transit, shopping, and community centers, this home offers an incredible opportunity!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13703850
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1000-1199 sq ft
- Cross streets
- Yonge And Royal Orchard
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $1,160/mo
- Exposure
- South East
- Property tax
- $2,530 / 2026
- Days on market
- 28
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
renovated · quartz counter
closet · laminate
w/o to balcony · laminate · combined w/dining
w/o to balcony · laminate · combined w/living
closet · laminate
2 pc ensuite · laminate · walk-in closet(s)
Listed at $599,000. Recent sales of homes like it put this one around $529K, so the ask is about 13% above what similar homes have sold for.
If it sells at this ask, expect about $556K, typically $549K to $569K: that is where homes here have closed against their asks in the last 90 days (9 closings).
Total price vs nearby homes. Fair value about $529K, learned from recent GTA sales.
The market behind the math:
About 3.3 months of inventory: 10 condo apartment homes for sale in the area against 9 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $545/sqft against an area asking average of $838/sqft. Size and $/sqft both feed the estimate above.
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 15 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $609K. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Open-concept layout: modern, sought-after flow. Lifestyle
Schools & getting aroundcatchment and transit
Its public catchment (Baythorn PS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($545/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 15 homes sold in this building over the past two years, from 71 closings in Royal Orchard.
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 $476/sqft; this home lists at $545/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesNeighbourhood & location
Royal Orchard, 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: 11 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 18, 2026); conventional rates run a little higher.
Mortgage amount $479,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,623
- Property tax
- $211
- Condo / maintenance fees
- $1,160
- Heating
- $0
- Estimated monthly cost
- $3,994
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,455
- Estimated closing costs
- $8,455
Plus your down payment of $119,800. 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
- $157,381
- Principal paid down
- $59,250
- Interest paid
- $98,132
- Balance remaining
- $419,950
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 8 whole-home leases in Royal Orchard signed at a median of $3,161 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,323. 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 RIGHT AT HOME REALTY. MLS®/PropTx.