297 Delray Drive, Markham, ON

Greensborough, Markham · MLS® N13876694

$699,000
For Sale
Listed 11 days agoNo offer date stated
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3Bedrooms
4Bathrooms
1Garage · 3 parking
1100-1500Sq ft

About this home

Immaculate Freehold Townhouse In High Demand Greensborough Community, NO common expenses, 3 Bedrooms, Two Ensuite, Hardwood Floor Through Out Entire House Except Tile Area, New Paint, New Quartz Countertop, New Tiles in Kitchen and Foyer areas, Four Bathrooms, 9' Ceiling on Second Floor, Smooth Ceilings, Large Balcony, 2 Cars Driveway, Very Convenience Location, Quick Access To Hwy 407, School and Go Train Station, Located within top-performing school net works. ( Bur Oak S.S., Unionville H.S.-Art, Milliken Mills H.S.- IB) *Excellent For First Time Buyer Or Investment*

Key facts

Property type
Townhouse, 3-Storey
MLS®
N13876694
Bedrooms
3
Bathrooms
4 (1 half)
Size
1100-1500 sq ft
Lot
14.76 × 85.3 ft
Cross streets
Major MacKenzie Dr. and Delray Dr.
Parking
1 garage · 3 parking (built-in)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Stone
Foundation
Concrete
Roof
Shingles
Sewer
Sewer
Property tax
$3,757 / 2026
Days on market
11
Listing brokerage
REALTY ASSOCIATES INC.

Rooms

Bedroom 3Main4.24 × 2.74 m

hardwood floor · 3 pc bath

KitchenSecond4.29 × 4.14 m

quartz counter · breakfast area · w/o to balcony

LaundryMain1.52 × 1.83 m
Primary BedroomThird4.27 × 3.76 m

hardwood floor · 4 pc ensuite

Living RoomSecond
Dining RoomSecond5.36 × 2.82 m

hardwood floor · large window · combined w/living

Living RoomSecond5.36 × 2.82 m

hardwood floor · large window · combined w/dining

Bedroom 2Third4.27 × 2.44 m

hardwood floor · 4 pc ensuite

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read
What sellers nearby are askingCurrently listed nearby in Greensborough · asking prices
$797kavg asking

Nothing closely matching this home is listed nearby right now, so these are the nearest townhouse listings on the market.

Per square foot, these ask about $496/sqft; this home lists at $538/sqft. Size is part of the price story, not just the sticker.

The 4 closest active listings nearby.

See all comparable homes
699kThis home809k726k755k899kThis home vs active comparables

Neighbourhood & location

Greensborough, Markham, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Wismer
$1.00M
Cornell
$927K
Berczy
$935K
Cedar Grove
$853K
Angus Glen
$1.26M

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

Affordability
$3,186/mo
$135KIncome needed
5.2×Price ÷ income
$735Weekly cost
$10,455Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

91%mortgage
Mortgage $3,186Property tax $313Total carry $3,499

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,092per month

Mortgage amount $559,200 · 4.49% over 25 years

$139,800Down payment (20.0%)
$559,200Loan before insurance
$0CMHC premium
$3,405Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,092
Property tax
$313
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$3,405

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$10,455
Estimated closing costs
$10,455

Plus your down payment of $139,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,742/monthPayment at the qualifying rate

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

$368,374Total interest paid
$927,574Total of all payments
Principal $559,200 Interest $368,374
YearPrincipalInterestBalance
1$12,479$24,624$546,721
2$13,046$24,057$533,675
3$13,638$23,465$520,038
4$14,257$22,846$505,781
5$14,904$22,199$490,876
6$15,581$21,522$475,295
7$16,289$20,814$459,006
8$17,028$20,075$441,978
9$17,801$19,302$424,177
10$18,610$18,493$405,567
11$19,455$17,648$386,113
12$20,338$16,765$365,775
13$21,261$15,842$344,514
14$22,227$14,876$322,287
15$23,236$13,867$299,051
16$24,291$12,812$274,761
17$25,394$11,709$249,367
18$26,547$10,556$222,820
19$27,752$9,351$195,069
20$29,012$8,091$166,057
21$30,329$6,774$135,727
22$31,706$5,397$104,021
23$33,146$3,957$70,875
24$34,651$2,452$36,224
25$36,224$879$0

At the end of your 5-year term

Total paid over the term
$185,515
Principal paid down
$68,324
Interest paid
$117,191
Balance remaining
$490,876

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.

Let's connect

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

Rental yield
Estimate$2,300/mo
$27,600Gross annual rent
2.8%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.9%
Gross yield
− Property tax $3,757− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $19,407

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REALTY ASSOCIATES INC.. MLS®/PropTx.

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