804-38 Simcoe Promenade, Markham, ON

Unionville, Markham · MLS® N13877256

$525,000
For Sale
Listed 11 days agoNo offer date stated
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◎ Directions
1Bedrooms
2Bathrooms
1Garage
600-699Sq ft

About this home

In short

  • Welcome To This Bright And Spacious Corner Suite In A Modern Building Completed In 2023, Ideally Located In The Heart Of Downtown Markham.
  • This Well-Designed 1+1 Bedroom, 2-Bathroom Residence Features 9-Ft Ceilings, One Parking Space And One Locker.
  • The Open-Concept Living And Dining Area Is Surrounded By Floor-To-Ceiling Windows, Creating A Bright And Airy Atmosphere With Plenty Of Natural Light.
  • Enjoy 24-Hour Concierge, Fitness Centre, Media Room, Party Lounge And Visitor Parking.
  • Steps To Unionville GO Station, Viva Transit, York University Markham Campus, Cineplex VIP, T&T Supermarket, Restaurants, Shops And Everyday Conveniences.

Welcome To This Bright And Spacious Corner Suite In A Modern Building Completed In 2023, Ideally Located In The Heart Of Downtown Markham! This Well-Designed 1+1 Bedroom, 2-Bathroom Residence Features 9-Ft Ceilings, One Parking Space And One Locker. The Open-Concept Living And Dining Area Is Surrounded By Floor-To-Ceiling Windows, Creating A Bright And Airy Atmosphere With Plenty Of Natural Light. The Contemporary Kitchen Features Built-In Appliances, Modern Cabinetry, Generous Counter Space And Ample Storage. A Separate Den Offers Excellent Flexibility As A Home Office, Study Area Or Guest Space. The Spacious Primary Bedroom Features A Large Closet And Private Ensuite, While The Additional Bathroom Provides Added Convenience.Enjoy 24-Hour Concierge, Fitness Centre, Media Room, Party Lounge And Visitor Parking. Steps To Unionville GO Station, Viva Transit, York University Markham Campus, Cineplex VIP, T&T Supermarket, Restaurants, Shops And Everyday Conveniences. Minutes To Highways 404 And 407. Zoned For Top-Ranked Unionville High School And St. Augustine Catholic High School.An Exceptional Opportunity For End Users Or Investors To Own A Move-In-Ready Suite In One Of Markham's Most Vibrant Communities!

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13877256
Bedrooms
1
Bathrooms
2
Size
600-699 sq ft
Cross streets
Birchmount/Enterprise
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$487/mo
Exposure
West
Property tax
$2,702 / 2026
Days on market
11
Listing brokerage
REALTRIUM REALTY

Rooms

KitchenFlat0.00 × 0.00 m

combined w/living · stainless steel appl

BedroomFlat0.00 × 0.00 m

4 pc ensuite · large closet · laminate

Living RoomFlat0.00 × 0.00 m

laminate · combined w/kitchen · w/o to balcony

DenFlat0.00 × 0.00 m

laminate · french doors

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 Unionville · asking prices
$519kavg asking

The closest active listings by size, beds, and price, so you can see what this home is up against.

Per square foot, these ask about $776/sqft; this home lists at $808/sqft. Size is part of the price story, not just the sticker.

The 5 closest of 8 active listings nearby.

See all comparable homes
525kThis home529k498k559k468k540kThis home vs active comparables

Neighbourhood & location

Unionville, 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.

Commerce Valley
$541K
Cathedraltown
$530K
Aileen-Willowbrook
$674K
Wismer
$438K
Royal Orchard
$1.76M

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
$2,393/mo
$111KIncome needed
4.7×Price ÷ income
$552Weekly cost
$6,975Land 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.

77%mortgage
Mortgage $2,393Property tax $225Condo fee $487Total carry $3,104

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)
$2,322per month

Mortgage amount $420,000 · 4.49% over 25 years

$105,000Down payment (20.0%)
$420,000Loan before insurance
$0CMHC premium
$3,034Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,322
Property tax
$225
Condo / maintenance fees
$487
Heating
$0
Estimated monthly cost
$3,034

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

One-time closing costs

Ontario land transfer tax
$6,975
Estimated closing costs
$6,975

Plus your down payment of $105,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,811/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

$276,676Total interest paid
$696,676Total of all payments
Principal $420,000 Interest $276,676
YearPrincipalInterestBalance
1$9,373$18,494$410,627
2$9,798$18,069$400,829
3$10,243$17,624$390,586
4$10,708$17,159$379,878
5$11,194$16,673$368,684
6$11,703$16,164$356,981
7$12,234$15,633$344,747
8$12,789$15,078$331,958
9$13,370$14,497$318,588
10$13,977$13,890$304,611
11$14,612$13,255$289,999
12$15,275$12,592$274,724
13$15,969$11,898$258,755
14$16,694$11,173$242,061
15$17,452$10,415$224,609
16$18,244$9,623$206,365
17$19,072$8,795$187,293
18$19,938$7,929$167,354
19$20,844$7,023$146,511
20$21,790$6,077$124,721
21$22,779$5,088$101,941
22$23,814$4,053$78,127
23$24,895$2,972$53,232
24$26,025$1,842$27,207
25$27,207$660$0

At the end of your 5-year term

Total paid over the term
$139,335
Principal paid down
$51,316
Interest paid
$88,019
Balance remaining
$368,684

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$2,050/mo
$24,600Gross annual rent
2.4%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.

4.7%
Gross yield
− Property tax $2,702− Condo fees $5,839− Insurance $600− Vacancy & upkeep $2,706Net operating income $12,754

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

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