504-7325 Markham Road, Markham, ON
Cedarwood, Markham · MLS® N13809282
About this home
In short
- This home provides the perfect blend of comfort and convenience in this bright and spacious 2-bedroom plus enclosed den, 2-bathroom suite offering over 1,000 sq. ft....
- Located on the 5th floor, this well-maintained unit features a smart layout with no wasted space and an abundance of natural light throughout.
- The open-concept living and dining area flows seamlessly into a modern kitchen complete with granite countertops, backsplash, and stainless steel appliances.
- Ideally located near Markham and Denison, with easy access to Highway 407, public transit, schools, library, shopping, and everyday essentials.
This home provides the perfect blend of comfort and convenience in this bright and spacious 2-bedroom plus enclosed den, 2-bathroom suite offering over 1,000 sq. ft. of functional living space. Located on the 5th floor, this well-maintained unit features a smart layout with no wasted space and an abundance of natural light throughout. The fully enclosed den offers incredible flexibility and can easily function as a third bedroom, home office, or guest space. The open-concept living and dining area flows seamlessly into a modern kitchen complete with granite countertops, backsplash, and stainless steel appliances. Laminate flooring runs throughout the unit with no carpet, creating a clean and cohesive feel. Step out onto your open north-facing balcony and enjoy unobstructed views, adding to the sense of space and privacy. This unit also includes the rare convenience of two parking spots, one underground and one surface, along with a locker for additional storage. Situated in a well-managed green building known for its energy efficiency, residents benefit from lower-than-average maintenance fees without compromising on space or comfort. Ideally located near Markham and Denison, with easy access to Highway 407, public transit, schools, library, shopping, and everyday essentials. An excellent opportunity for first-time buyers, downsizers, or anyone looking for a spacious and affordable option in a prime Markham location.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13809282
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 1000-1199 sq ft
- Cross streets
- Markham Rd/Dension
- Parking
- 1 garage · 2 parking (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Maintenance
- $314/mo
- Exposure
- North
- Property tax
- $2,543 / 2026
- Days on market
- 28
- Listing brokerage
- RE/MAX MILLENNIUM REAL ESTATE
Rooms
laminate · 4 pc ensuite · walk-in closet(s)
laminate · combined w/dining · balcony
laminate · separate room
stainless steel appl · granite counters
laminate · window · closet
laminate · combined w/living · combined w/kitchen
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.
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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 $569/sqft; this home lists at $637/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesNeighbourhood & location
Cedarwood, Markham, ON
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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.
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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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $559,992 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,096
- Property tax
- $212
- Condo / maintenance fees
- $314
- Heating
- $0
- Estimated monthly cost
- $3,622
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,475
- Estimated closing costs
- $10,475
Plus your down payment of $139,998. 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
- $185,778
- Principal paid down
- $68,421
- Interest paid
- $117,357
- Balance remaining
- $491,571
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX MILLENNIUM REAL ESTATE. MLS®/PropTx.