502-1 Royal Orchard Boulevard, Markham, ON
Royal Orchard, Markham · MLS® N13835286
About this home
In short
- Welcome to this beautifully maintained, west-facing corner suite in the heart of Olde Thornhill's forested Royal Orchard community.
- Bright, freshly painted and larger than most condos in the area, this 3-bedroom home offers neutral décor and a rare private wraparound L-shaped balcony of over 400...
- Fully renovated 4-pc bath with Jacuzzi tub.
- Steps to transit, with grocery, pharmacy, restaurants and shops a 5-minute walk away and great schools nearby.
- Enjoy the standalone Orchard Club, with an indoor pool, sauna, gym, tennis and basketball courts, rec room, woodworking shop and more, all included in the maintenance...
Welcome to this beautifully maintained, west-facing corner suite in the heart of Olde Thornhill's forested Royal Orchard community. Bright, freshly painted and larger than most condos in the area, this 3-bedroom home offers neutral décor and a rare private wraparound L-shaped balcony of over 400 sq ft, ideal for morning coffee, entertaining or a container garden. The upgraded kitchen features glass-front upper cabinets, abundant drawers and counter space, a large pantry, upgraded lighting and newer stainless appliances, including a brand-new built-in dishwasher, 2-door fridge and nearly new electric stove. Brand-new Midea front-load washer and heat-pump dryer, plus a very large walk-in storage room/locker with extensive shelving beside the laundry and kitchen. A custom mirrored storage area in the living room adds even more space, and the primary bedroom offers his-and-hers closets and a 2-pc ensuite. Fully renovated 4-pc bath with Jacuzzi tub. Includes one of the building's most convenient underground parking spots, plus ample visitor parking. Steps to transit, with grocery, pharmacy, restaurants and shops a 5-minute walk away and great schools nearby. Enjoy the standalone Orchard Club, with an indoor pool, sauna, gym, tennis and basketball courts, rec room, woodworking shop and more, all included in the maintenance fees. Maintenance fees also cover heat, water, Rogers internet and cable TV, parking, common elements and building insurance (hydro approx. $37/month). This home is in perfect move-in condition. The last unit with the same layout sold very quickly, so don't miss out! A rare find. Please note: The unit is unfurnished. Some photos have been virtually staged using AI to show how the space could look.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13835286
- Bedrooms
- 3
- Bathrooms
- 2 (1 half)
- Size
- 1000-1199 sq ft
- Cross streets
- Yonge St and Royal Orchard Blvd
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Radiant
- A/C
- Wall Unit(s)
- Exterior
- Brick
- Foundation
- Brick, Concrete
- Maintenance
- $975/mo
- Exposure
- North West
- Property tax
- $2,319 / 2026
- Days on market
- 22
- Listing brokerage
- CENTURY 21 HERITAGE GROUP LTD.
Rooms
laminate · closet · large window
mirrored walls · closet
2 pc ensuite · walk-in closet(s) · large window
hardwood floor · walk-in closet(s) · large window
ceramic floor · b/i shelves · folding door
laminate · large window · b/i bookcase
ceramic floor · b/i shelves
mirrored closet · b/i shelves · w/o to balcony
ceramic floor · modern kitchen · backsplash
Listed at $579,000. Going by how homes in Royal Orchard and the wider GTA have actually closed against their asking prices (about 96%, 8 local closings in 90 days), the likely sale price is near $556K, if it sells. A realistic range is $524K to $601K.
Independent value check: $550K. Without looking at the asking price, our model values the home itself about 5% below the ask (homes like it typically land between $512K and $578K).
Why $550K. The typical condo sold in Royal Orchard over the past year went for about $565K (33 sales). What sets this one apart:
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▼ Lowers itIt is 1,000 to 1,199 sq ft; the typical home sold here is 1,200 to 1,399.
Total price vs nearby homes. Likely closing about $556K, from 8 recent closings in this pocket.
The market behind the math:
About 5.6 months of inventory: 15 condo apartment homes for sale in the area against 8 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $527/sqft against an area asking average of $779/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 8 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $578K. Condition and finishes remain an in-person call.
What the listing highlights3 points 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
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- 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
Priced above comparable homes overall, but the price per square foot ($527/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 4 homes sold in this building over the past two years, plus 1 nearby in Royal Orchard, from 72 closings in Royal Orchard.
For sale
For sale
For sale
For sale
For sale
For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $495/sqft; this home lists at $527/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 condos in Markham: $533K in September 2026, down 10% from a year ago, on 676 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 | $600K | 61 |
| November 2025 | $610K | 53 |
| December 2025 | $627K | 34 |
| January 2026 | $583K | 40 |
| February 2026 | $550K | 53 |
| March 2026 | $564K | 54 |
| April 2026 | $573K | 68 |
| May 2026 | $563K | 52 |
| June 2026 | $579K | 88 |
| July 2026 | $528K | 61 |
| August 2026 | $552K | 60 |
| September 2026 | $533K | 52 |
Neighbourhood & 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) →
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 $463,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,561
- Property tax
- $193
- Condo / maintenance fees
- $975
- Heating
- $0
- Estimated monthly cost
- $3,729
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $8,055
- Estimated closing costs
- $8,055
Plus your down payment of $115,800. 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
- $153,667
- Principal paid down
- $56,594
- Interest paid
- $97,072
- Balance remaining
- $406,606
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 5 whole-home leases in Royal Orchard signed at a median of $3,134 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,974. 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 CENTURY 21 HERITAGE GROUP LTD.. MLS®/PropTx.