1211-8 Cedarland Drive, Markham, ON
Unionville, Markham · MLS® N13860730
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About this home
In short
- Welcome to Unit 1211 at 8 Cedar Lane Drive - a beautifully appointed 1 Bedroom + Den residence offering 648 sq. ft. of thoughtfully designed living space in a highly...
- This sophisticated suite combines modern elegance with a warm and cozy atmosphere, featuring a functional open-concept layout, a versatile den ideal for a home office...
- Complete with 1 parking space and 1 locker, this home offers both comfort and everyday convenience.
Welcome to Unit 1211 at 8 Cedar Lane Drive - a beautifully appointed 1 Bedroom + Den residence offering 648 sq. ft. of thoughtfully designed living space in a highly sought-after location. This sophisticated suite combines modern elegance with a warm and cozy atmosphere, featuring a functional open-concept layout, a versatile den ideal for a home office or additional living space, and a private balcony perfect for relaxing and enjoying the views. Complete with 1 parking space and 1 locker, this home offers both comfort and everyday convenience. Residents enjoy an impressive selection of building amenities, adding to the elevated condo lifestyle. Ideally located with easy access to shopping, dining, transit, parks, major routes, and everyday essentials. Perfect for first-time buyers, professionals, downsizers, or investors looking for a stylish and well-connected place to call home. An exceptional opportunity to own a beautiful suite in a prime location - just move in and enjoy!
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N13860730
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 1
- Size
- 600-699 sq ft
- Cross streets
- Warden/Hwy 7
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $482/mo
- Exposure
- North
- Property tax
- $2,780 / 2025
- Days on market
- 13
- Listing brokerage
- RE/MAX ATRIUM HOME REALTY
Rooms
B/I Appliances
large closet · large window
w/o to balcony · open concept
Combined w/Kitchen
Listed at $399,000. Going by how homes in Unionville have actually closed against their asking prices (about 100%, 65 local closings in 90 days), the likely sale price is near $397K, if it sells. A realistic range is $374K to $430K.
Independent value check: $530K. Without looking at the asking price, our model values the home itself about 33% above the ask (homes like it typically land between $493K and $557K).
Why $530K. The typical condo sold in Unionville over the past year went for about $580K (312 sales). What sets this one apart:
- ▲ Raises itIts tax bill, which follows the city's own assessment, is $2,780 a year; the typical home sold here pays about $2,500.
- ▼ Lowers it1+1 bedrooms and 1 baths, against 1+1 and 2 typically.
Total price vs nearby homes. Likely closing about $397K, from 65 recent closings in this pocket.
The market behind the math:
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 65 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $556K. 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.
- Open-concept layout: modern, sought-after flow. Lifestyle
Based on 65 comparable homes that sold in Unionville over the past 20 months, from 501 closings there.
Sold price trend
Median sold price for condos in Unionville: $544K in September 2026, down 6% from a year ago, on 295 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 | $588K | 25 |
| November 2025 | $595K | 22 |
| December 2025 | $599K | 16 |
| January 2026 | $579K | 18 |
| February 2026 | $595K | 23 |
| March 2026 | $558K | 22 |
| April 2026 | $570K | 35 |
| May 2026 | $561K | 29 |
| June 2026 | $609K | 36 |
| July 2026 | $564K | 25 |
| August 2026 | $536K | 24 |
| September 2026 | $544K | 20 |
Neighbourhood & location
Unionville, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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 $319,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $1,765
- Property tax
- $232
- Condo / maintenance fees
- $482
- Heating
- $0
- Estimated monthly cost
- $2,479
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $4,460
- Estimated closing costs
- $4,460
Plus your down payment of $79,800. 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
- $105,895
- Principal paid down
- $39,000
- Interest paid
- $66,894
- Balance remaining
- $280,200
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 494 whole-home leases in Unionville signed at a median of $2,384 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,297. 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 RE/MAX ATRIUM HOME REALTY. MLS®/PropTx.