119 Pond Drive, Markham, ON
Commerce Valley, Markham · MLS® N13832396
About this home
In short
- Welcome To This Cozy Townhouse In A Prime Markham Location Featuring Pot Lights And Smooth Ceilings On The Main Floor, Complemented By Sleek Glass Railings.
- Open Concept Living And Dining Area With Large Windows.
- The Upper Level Includes 2 Spacious Bedrooms With Large Closets And 4pc Bathroom.
- The Ground Floor Provides A Generous Office With A Closet And A 3pc Bathroom, Offering Flexibility To Convert The Space Into An Additional Bedroom.
- Steps To Vanhorn Park, Shops, Restaurants, Banks, Plazas, Public Transit.
Welcome To This Cozy Townhouse In A Prime Markham Location Featuring Pot Lights And Smooth Ceilings On The Main Floor, Complemented By Sleek Glass Railings. Open Concept Living And Dining Area With Large Windows. The Good Sized Kitchen Offers Stainless Steel Appliances, Backsplash, Double Sink, California Shutters, And Breakfast Area That Walks Out To A Private Balcony. The Upper Level Includes 2 Spacious Bedrooms With Large Closets And 4pc Bathroom. The Ground Floor Provides A Generous Office With A Closet And A 3pc Bathroom, Offering Flexibility To Convert The Space Into An Additional Bedroom. Top Ranking Doncrest Public School, Thornlea Secondary School, St. Rene Goupil-St. Luke Catholic Elementary School & St. Robert Catholic High School. Steps To Vanhorn Park, Shops, Restaurants, Banks, Plazas, Public Transit. Minutes To Hwy 404/407.
Key facts
- Property type
- Condo Townhouse, 3-Storey
- MLS®
- N13832396
- Bedrooms
- 2+1 (3 total)
- Bathrooms
- 2
- Size
- 1600-1799 sq ft
- Cross streets
- Hwy 7/Leslie
- Parking
- 1 garage · 2 parking (built-in)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Maintenance
- $294/mo
- Exposure
- East
- Property tax
- $3,940 / 2026
- Days on market
- 23
- Listing brokerage
- SUPERSTARS REALTY LTD.
Rooms
pot lights · large window · open concept
stainless steel appl · backsplash · large window
california shutters · w/o to balcony · combined w/kitchen
large closet · large window
b/i closet · large window
pot lights · open concept · combined w/living
large closet · large window
Listed at $749,000. Going by how homes in Commerce Valley and the wider GTA have actually closed against their asking prices (about 97%, 6 local closings in 90 days), the likely sale price is near $729K, if it sells. A realistic range is $686K to $788K.
Independent value check: $822K. Without looking at the asking price, our model values the home itself about 10% above the ask (homes like it typically land between $765K and $864K).
Why $822K. The typical townhouse sold in Commerce Valley over the past year went for about $865K (23 sales). What sets this one apart:
- ▼ Lowers itIts tax bill, which follows the city's own assessment, is $3,940 a year; the typical home sold here pays about $4,400.
- ▲ Raises it slightlyIt is 1,600 to 1,799 sq ft; the typical home sold here is 1,400 to 1,599.
Total price vs nearby homes. Likely closing about $729K, from 6 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 6 condo townhouse 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 $441/sqft against an area asking average of $675/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 $796K. 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.
- Open-concept layout: modern, sought-after flow. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Commerce Valley, so I widened the search to the surrounding area.
Based on 6 comparable homes that sold in Commerce Valley over the past two years, from 33 closings there.
For sale
For sale
For sale
For sale
For sale
For saleNothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market. Homes like this one have recently closed around $822K, which is where my estimate comes from.
Per square foot, these ask about $666/sqft; this home lists at $441/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesSold price trend
Median sold price for condo townhouses in Markham: $710K in September 2026, down 6% from a year ago, on 245 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Markham as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $808K | 24 |
| November 2025 | $778K | 12 |
| December 2025 | $715K | 12 |
| January 2026 | $825K | 12 |
| February 2026 | $743K | 24 |
| March 2026 | $815K | 21 |
| April 2026 | $829K | 10 |
| May 2026 | $760K | 31 |
| June 2026 | $751K | 26 |
| July 2026 | $717K | 28 |
| August 2026 | $765K | 25 |
| September 2026 | $710K | 20 |
Neighbourhood & location
Commerce Valley, 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) →
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 19, 2026); conventional rates run a little higher.
Mortgage amount $599,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,313
- Property tax
- $328
- Condo / maintenance fees
- $294
- Heating
- $0
- Estimated monthly cost
- $3,935
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,455
- Estimated closing costs
- $11,455
Plus your down payment of $149,800. 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
- $198,785
- Principal paid down
- $73,211
- Interest paid
- $125,574
- Balance remaining
- $525,989
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 37 whole-home leases in Commerce Valley signed at a median of $3,540 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,424. 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 SUPERSTARS REALTY LTD.. MLS®/PropTx.