102-48 Suncrest Boulevard, Markham, ON

Commerce Valley, Markham · MLS® N13778236

$549,000
For Sale
Listed 36 days agoNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
1000-1199Sq ft

About this home

In short

  • Renovated & Spacious Condo Apt.
  • (1,054 Sf) That Offers High Lifestyle For Anyone & Any Families.
  • 9-Ft Ceiling W/Large Windows.

Renovated & Spacious Condo Apt. (1,054 Sf) That Offers High Lifestyle For Anyone & Any Families. All Decor & Fixtures Are Of Great Taste. Come See It To Believe It. Enjoy A Cottage Lifestyle Without Maintenance In This Lux Apt. Hear The Nature By Your Large & Sun-Filled Windows. Home Sweet Home. Se Exposure. Apt Is Sun-Filled All Year Round. 9-Ft Ceiling W/Large Windows. Terrace Is Enclosed By A Bushy Evergreen Tree & Shrubs.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13778236
Bedrooms
2
Bathrooms
2
Size
1000-1199 sq ft
Cross streets
Leslie/Hwy 7
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$951/mo
Exposure
South East
Property tax
$2,485 / 2025
Days on market
36
Listing brokerage
UNION CAPITAL REALTY

Rooms

Living RoomMain6.15 × 4.27 m

renovated · laminate · large window

Bedroom 2Main3.63 × 2.86 m

renovated · large window · laminate

BedroomMain3.39 × 3.38 m

renovated · large closet · laminate

FoyerMain3.04 × 1.21 m

Tile Floor

KitchenMain2.81 × 2.53 m

granite counters · backsplash · stainless steel appl

Our TakeTeam Asgarian · Broker
A small discount is typical
$537Klikely sale price

Listed at $549,000. Going by how homes in Commerce Valley and the wider GTA have actually closed against their asking prices (about 98%, 26 local closings in 90 days), the likely sale price is near $537K, if it sells. A realistic range is $506K to $581K.

Independent value check: $578K. Without looking at the asking price, our model values the home itself about 5% above the ask (homes like it typically land between $537K and $607K).

Why $578K. The typical condo sold in Commerce Valley over the past year went for about $570K (116 sales). What sets this one apart:

  • ▲ Raises it stronglyIt is 1,000 to 1,199 sq ft; the typical home sold here is 650 to 749.
  • ▲ Raises it2 bedrooms and 2 baths, against 1+1 and 2 typically.
  • ▼ Lowers it slightlyIts maintenance fee is $951 a month; the typical unit sold here pays about $550.
List price
$506KBelow recent closings$581KAbove recent closings

Total price vs nearby homes. Likely closing about $537K, from 26 recent closings in this pocket.

The market behind the math:

26sold nearby · 90 days
$562Kmedian sold price
98%of asking, on average
−10%prices vs a year ago
~25 dayshomes like this take to sell
36days on market so far
$2,926/moest. rent · 5 leases
6.4%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 2.3 months of inventory: 20 condo apartment homes for sale in the area against 26 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $499/sqft against an area asking average of $683/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 26 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $574K. 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.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver

Based on 3 homes sold in this building over the past two years, plus 2 nearby in Commerce Valley, from 223 closings in Commerce Valley.

What sellers nearby are askingCurrently listed nearby in Commerce Valley · asking prices
$618kavg asking

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 $581/sqft; this home lists at $499/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
549kThis home519k599k618k638k718kThis home vs active comparables

Sold price trend

Median sold price for condos in Commerce Valley: $524K in September 2026, down 15% from a year ago, on 110 closings in 12 months.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$569K14
November 2025$638K9
December 2025$628K7
January 2026$598K7
February 2026$566K10
March 2026$662K6
April 2026$553K12
May 2026$650K9
June 2026$530K10
July 2026$454K10
August 2026$547K10
September 2026$524K6

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
$2,502/mo
$123KIncome needed
4.5×Price ÷ income
$577Weekly cost
$7,455Land 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.

68%mortgage
Mortgage $2,502Property tax $207Condo fee $951Total carry $3,660

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)
$2,428per month

Mortgage amount $439,200 · 4.49% over 25 years

$109,800Down payment (20.0%)
$439,200Loan before insurance
$0CMHC premium
$3,586Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,428
Property tax
$207
Condo / maintenance fees
$951
Heating
$0
Estimated monthly cost
$3,586

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

One-time closing costs

Ontario land transfer tax
$7,455
Estimated closing costs
$7,455

Plus your down payment of $109,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,939/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

$289,324Total interest paid
$728,524Total of all payments
Principal $439,200 Interest $289,324
YearPrincipalInterestBalance
1$9,801$19,340$429,399
2$10,246$18,895$419,153
3$10,711$18,430$408,442
4$11,198$17,943$397,244
5$11,706$17,435$385,538
6$12,238$16,903$373,300
7$12,793$16,348$360,507
8$13,374$15,767$347,133
9$13,981$15,160$333,152
10$14,616$14,525$318,536
11$15,280$13,861$303,256
12$15,973$13,167$287,283
13$16,699$12,442$270,584
14$17,457$11,684$253,127
15$18,250$10,891$234,877
16$19,078$10,063$215,799
17$19,944$9,197$195,855
18$20,850$8,291$175,005
19$21,797$7,344$153,208
20$22,786$6,355$130,422
21$23,821$5,320$106,601
22$24,902$4,239$81,699
23$26,033$3,108$55,666
24$27,215$1,926$28,451
25$28,451$690$0

At the end of your 5-year term

Total paid over the term
$145,705
Principal paid down
$53,662
Interest paid
$92,043
Balance remaining
$385,538

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
From 5 whole-home leases in Commerce Valley$2,926/mo
$35,112Gross annual rent
3.1%Cap rate after taxes and upkeep
$2,575 to $3,277Typical rent range
~26 daysTo find a tenant, on average

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

Talk about the numbers

The last 5 whole-home leases in Commerce Valley signed at a median of $2,798 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,926. 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.

6.4%
Gross yield
− Property tax $2,485− Condo fees $11,411− Insurance $600− Vacancy & upkeep $3,862Net operating income $16,754

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of UNION CAPITAL REALTY. MLS®/PropTx.

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