905-130 Pond Drive, Markham, ON

Commerce Valley, Markham · MLS® N13883638

$638,000
For Sale
Listed 9 days agoNo offer date stated

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2Bedrooms
2Bathrooms
1Garage
900-999Sq ft

About this home

In short

  • Unbeatable Location In The Heart Of Richmond Hill.
  • This Bright And Spacious 2-Bedroom, 2-Bathroom Unit Includes 1 Parking Space.
  • The Open-Concept Layout Offers Generous Living And Dining Areas, Perfect For Everyday Living And Entertaining.
  • The Primary Bedroom Features A Walk-In Closet And 4 Piece Ensuite With Jacuzzi.
  • Minutes To Highways 404 & 407, GO Transit, Downtown Markham, Viva/YRT Transit, And Major Employment Hubs.

Unbeatable Location In The Heart Of Richmond Hill. This Bright And Spacious 2-Bedroom, 2-Bathroom Unit Includes 1 Parking Space. The Open-Concept Layout Offers Generous Living And Dining Areas, Perfect For Everyday Living And Entertaining. The Primary Bedroom Features A Walk-In Closet And 4 Piece Ensuite With Jacuzzi. Maintenance Fees Include Heat, Water, Air Conditioning, And 24-Hour Concierge Service. Residents Enjoy Excellent Building Amenities Including A Gym, Sauna, Party Room, And EV Charging Station (Pay-Per-Use. Conveniently Located Just Off Highway 7, Steps To Times Square, Restaurants, Banks, Shops, Parks, And Everyday Amenities. Minutes To Highways 404 & 407, GO Transit, Downtown Markham, Viva/YRT Transit, And Major Employment Hubs. A Major Highlight Is The Exceptional School Zoning, Including Top-Ranked St. Robert Catholic High School, St. Theresa of Lisieux Catholic High School, Thornlea Secondary School, Alexander Mackenzie High School, Doncrest Public School, And Adrienne Clarkson Public School. Don't Miss This Rare Opportunity To Own A Highly Functional, Oversized Unit In One Of Richmond Hill's Most Convenient And Sought-After Communities.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13883638
Bedrooms
2
Bathrooms
2
Size
900-999 sq ft
Cross streets
Hwy 7 / Leslie
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$920/mo
Exposure
South West
Property tax
$1,988 / 2026
Days on market
9
Listing brokerage
TRUSTWELL REALTY INC.
Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

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Neighbourhood & location

Commerce Valley, Markham, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$2,908/mo
$136KIncome needed
4.7×Price ÷ income
$671Weekly cost
$9,235Land 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.

73%mortgage
Mortgage $2,908Property tax $166Condo fee $920Total carry $3,993

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 19, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,822per month

Mortgage amount $510,400 · 4.49% over 25 years

$127,600Down payment (20.0%)
$510,400Loan before insurance
$0CMHC premium
$3,908Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,822
Property tax
$166
Condo / maintenance fees
$920
Heating
$0
Estimated monthly cost
$3,908

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

One-time closing costs

Ontario land transfer tax
$9,235
Estimated closing costs
$9,235

Plus your down payment of $127,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$3,416/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

$336,227Total interest paid
$846,627Total of all payments
Principal $510,400 Interest $336,227
YearPrincipalInterestBalance
1$11,390$22,475$499,010
2$11,907$21,958$487,103
3$12,448$21,417$474,655
4$13,013$20,852$461,642
5$13,604$20,261$448,039
6$14,221$19,644$433,817
7$14,867$18,998$418,950
8$15,542$18,323$403,408
9$16,248$17,617$387,160
10$16,986$16,880$370,174
11$17,757$16,108$352,418
12$18,563$15,302$333,855
13$19,406$14,459$314,449
14$20,287$13,578$294,162
15$21,208$12,657$272,954
16$22,171$11,694$250,783
17$23,178$10,687$227,605
18$24,230$9,635$203,375
19$25,330$8,535$178,045
20$26,480$7,385$151,565
21$27,682$6,183$123,883
22$28,939$4,926$94,943
23$30,253$3,612$64,690
24$31,627$2,238$33,063
25$33,063$802$0

At the end of your 5-year term

Total paid over the term
$169,325
Principal paid down
$62,361
Interest paid
$106,964
Balance remaining
$448,039

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$3,050/mo
$36,600Gross annual rent
3.0%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.

5.7%
Gross yield
− Property tax $1,988− Condo fees $11,040− Insurance $600− Vacancy & upkeep $4,026Net operating income $18,946

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

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