115-277 South Park Road, Markham, ON
Commerce Valley, Markham · MLS® N13846828
About this home
In short
- Welcome to this bright and spacious south-facing corner suite, offering the convenience of ground-floor living in one of Markham's sought-after communities, built by...
- Thoughtfully designed with an optimal layout and no wasted space, this 2-bedroom, 2-bathroom condo features 9-ft ceilings, large windows, and abundant natural light...
- The open-concept living and dining areas flow seamlessly into the modern kitchen, complete with granite countertops, ample cabinetry, and plenty of workspace.
- A standout feature is the 2 owned parking spaces, offering exceptional value and convenience.
- Residents also have access to an impressive range of amenities, including an indoor swimming pool, sauna, fitness centre, party room, recreation facilities, and ample...
Welcome to this bright and spacious south-facing corner suite, offering the convenience of ground-floor living in one of Markham's sought-after communities, built by the renowned Times Group Development. Thoughtfully designed with an optimal layout and no wasted space, this 2-bedroom, 2-bathroom condo features 9-ft ceilings, large windows, and abundant natural light throughout. The open-concept living and dining areas flow seamlessly into the modern kitchen, complete with granite countertops, ample cabinetry, and plenty of workspace. Both generously sized bedrooms offer excellent storage, including a closet organizer, and two full bathrooms add convenience. A standout feature is the 2 owned parking spaces, offering exceptional value and convenience. Residents also have access to an impressive range of amenities, including an indoor swimming pool, sauna, fitness centre, party room, recreation facilities, and ample visitor parking. Ideally located in the heart of Markham, with easy access to Highways 404 and 407, GO Transit, and York Region Transit. Shopping, restaurants, grocery stores, parks, medical offices, and top-rated schools are all just minutes away.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13846828
- Bedrooms
- 2
- Bathrooms
- 2
- Size
- 900-999 sq ft
- Cross streets
- Hwy 7/Leslie
- Parking
- 2 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $832/mo
- Exposure
- South West
- Property tax
- $3,070 / 2026
- Days on market
- 18
- Listing brokerage
- RIGHT AT HOME REALTY
Rooms
open concept · stainless steel appl · granite counters
large window · double closet · closet organizers
large window · closet organizers · 4 pc ensuite
combined w/dining · laminate · sw view
combined w/living · laminate · south view
Listed at $709,000. 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 $693K, if it sells. A realistic range is $653K to $750K.
Independent value check: $648K. Without looking at the asking price, our model values the home itself about 9% below the ask (homes like it typically land between $603K and $681K).
Why $648K. The typical condo sold in Commerce Valley over the past year went for about $570K (116 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $3,070 a year; the typical home sold here pays about $2,200.
- ▲ Raises it stronglyIt is 900 to 999 sq ft; the typical home sold here is 650 to 749.
- ▲ Raises it2 bedrooms and 2 baths, against 1+1 and 2 typically.
Total price vs nearby homes. Likely closing about $693K, from 26 recent closings in this pocket.
The market behind the math:
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.
Price per square foot: this home lists at $747/sqft against an area asking average of $688/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 $617K. 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
Based on 4 homes sold in this building over the past two years, plus 1 nearby in Commerce Valley, from 223 closings in Commerce Valley.
For sale
For sale
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 $777/sqft; this home lists at $747/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold 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.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $569K | 14 |
| November 2025 | $638K | 9 |
| December 2025 | $628K | 7 |
| January 2026 | $598K | 7 |
| February 2026 | $566K | 10 |
| March 2026 | $662K | 6 |
| April 2026 | $553K | 12 |
| May 2026 | $650K | 9 |
| June 2026 | $530K | 10 |
| July 2026 | $454K | 10 |
| August 2026 | $547K | 10 |
| September 2026 | $524K | 6 |
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 20, 2026); conventional rates run a little higher.
Mortgage amount $567,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,136
- Property tax
- $256
- Condo / maintenance fees
- $832
- Heating
- $0
- Estimated monthly cost
- $4,224
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $10,655
- Estimated closing costs
- $10,655
Plus your down payment of $141,800. 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
- $188,169
- Principal paid down
- $69,301
- Interest paid
- $118,867
- Balance remaining
- $497,899
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 7 whole-home leases in Commerce Valley signed at a median of $2,347 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,032. 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.