118 Wales Avenue, Markham, ON
Old Markham Village, Markham · MLS® N13875166
About this home
In short
- A Wonderful Opportunity to Own in Prestigious Markham Village!Why pay rent when you can own your own home?
- Step outside to your private backyard with patio, a rare and highly desirable feature that gives you your own outdoor space to relax, entertain, or enjoy a morning...
**A Wonderful Opportunity to Own in Prestigious Markham Village!**Why pay rent when you can own your own home? Welcome to this charming **3-bedroom, 2-bathroom condo townhouse** in the highly desirable **Markham Village** community-an excellent opportunity for first-time buyers, young families, or anyone looking to enter the Markham real estate market. Offering **three generous-sized bedrooms**, a comfortable main-floor living room, functional kitchen, and a **cozy recreation room in the basement**, this home provides the space and flexibility a growing family needs. Step outside to your **private backyard with patio**, a rare and highly desirable feature that gives you your own outdoor space to relax, entertain, or enjoy a morning coffee. This is more than just a condo-it offers the **space, privacy and outdoor enjoyment of a townhouse**. Just move in and make it your own! The location is truly exceptional. Enjoy the convenience of being **within walking distance to the GO Train station, grocery stores, plazas, restaurants and everyday amenities**, with **Markham Stouffville Hospital, Markville Shopping Centre and numerous other services just minutes away**. Excellent access to transportation, schools, parks, and everything Markham has to offer.**An ideal opportunity for a small family to stop renting and take the first step toward owning real estate in one of Markham's established and sought-after communities.****Own your home. Enjoy your space. Build your future in Markham Village!**
Key facts
- Property type
- Condo Townhouse, 2-Storey
- MLS®
- N13875166
- Bedrooms
- 3
- Bathrooms
- 2
- Size
- 1000-1199 sq ft
- Cross streets
- Main St. & 16th Ave.
- Parking
- 1 garage (carport)
- Basement
- Finished
- Heating
- Baseboard
- A/C
- None
- Exterior
- Brick
- Maintenance
- $499/mo
- Exposure
- West
- Property tax
- $2,051 / 2026
- Days on market
- 12
- Listing brokerage
- RE/MAX CROSSROADS REALTY INC.
Rooms
large closet · parquet
combined w/living · parquet
window · broadloom
large window · vinyl floor
Broadloom
w/o to patio · parquet
No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.
Considering this property? Request a written price readNeighbourhood & location
Old Markham Village, 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 20, 2026); conventional rates run a little higher.
Mortgage amount $399,910 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,211
- Property tax
- $171
- Condo / maintenance fees
- $499
- Heating
- $0
- Estimated monthly cost
- $2,881
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $6,473
- Estimated closing costs
- $6,473
Plus your down payment of $99,978. 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
- $132,670
- Principal paid down
- $48,862
- Interest paid
- $83,809
- Balance remaining
- $351,049
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 CROSSROADS REALTY INC.. MLS®/PropTx.