2705-18 Water Walk Drive, Markham, ON

Unionville, Markham · MLS® N13885466

$888,000
For Sale
Listed 5 days agoNo offer date stated
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2+1Bedrooms
2Bathrooms
1Garage
1000-1199Sq ft

About this home

In short

  • Discover an exceptional living experience at Riverview by Times Group, nestled in the thriving Markham Centre community.
  • This beautifully appointed southwest corner residence boasts 1,030 sq. ft. of comfortable living space, offering 2 bedrooms, a separate den, 2 full bathrooms, 1...
  • Charming Main Street Unionville, GO Train service, and Highways 404 and 407 are all conveniently nearby.
  • Indulge in an outstanding selection of building facilities, including a 24-hour concierge, indoor swimming pool, fully equipped fitness centre, yoga and dance studio...

Discover an exceptional living experience at Riverview by Times Group, nestled in the thriving Markham Centre community. This beautifully appointed southwest corner residence boasts 1,030 sq. ft. of comfortable living space, offering 2 bedrooms, a separate den, 2 full bathrooms, 1 parking spot, and 1 locker. Wrapped in oversized windows, the suite enjoys abundant sunshine and picturesque views of the neighbouring parkland and mature trees. Step onto the spacious balcony to relax and take in the peaceful natural surroundings. The thoughtfully designed interior features upgraded vinyl flooring, refined crown moulding, and a contemporary two-tone kitchen enhanced by a custom-built island, sleek quartz surfaces, and integrated stainless steel appliances. The generously sized primary retreat provides ample wardrobe storage and a private ensuite bathroom. Situated in the desirable Unionville High School attendance area, this prime address offers easy access to an array of lifestyle destinations, including Whole Foods, LCBO, VIP Cineplex, GoodLife Fitness, cafés, restaurants, and retail shops. Charming Main Street Unionville, GO Train service, and Highways 404 and 407 are all conveniently nearby. Indulge in an outstanding selection of building facilities, including a 24-hour concierge, indoor swimming pool, fully equipped fitness centre, yoga and dance studio, library, pet grooming spa, entertainment lounge, party room, rooftop BBQ terrace, and guest parking. Combining generous proportions, stylish upgrades, tranquil green views, and outstanding accessibility, this remarkable suite offers an inviting place to call home in one of Markham's most sought-after locations.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N13885466
Bedrooms
2+1 (3 total)
Bathrooms
2
Size
1000-1199 sq ft
Cross streets
Warden Ave and Highway 7
Parking
1 garage (underground)
Basement
None
Heating
Fan Coil
A/C
Central Air
Exterior
Concrete, Metal/Steel Siding
Maintenance
$625/mo
Exposure
South West
Property tax
$3,569 / 2026
Days on market
5
Listing brokerage
ANJIA REALTY

Rooms

Living RoomFlat5.87 × 5.08 m

vinyl floor · w/o to balcony · combined w/dining

DenFlat2.21 × 1.98 m

vinyl floor · glass doors

Primary BedroomFlat3.07 × 3.07 m

vinyl floor · his and hers closets · 4 pc ensuite

KitchenFlat5.08 × 3.02 m

vinyl floor · centre island · b/i appliances

Bedroom 2Flat3.40 × 3.10 m

vinyl floor · b/i closet · picture window

Dining RoomFlat5.87 × 5.08 m

vinyl floor · w/o to balcony · combined w/living

Our TakeTeam Asgarian · Broker
Likely to sell near ask
$884Klikely sale price

Listed at $888,000. Going by how homes in Unionville have actually closed against their asking prices (about 100%, 63 local closings in 90 days), the likely sale price is near $884K, if it sells. A realistic range is $832K to $956K.

Independent value check: $825K. Without looking at the asking price, our model values the home itself about 7% below the ask (homes like it typically land between $768K and $867K).

Why $825K. The typical condo sold in Unionville over the past year went for about $580K (312 sales). What sets this one apart:

  • ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $3,569 a year; the typical home sold here pays about $2,500.
  • ▲ Raises it stronglyIt is 1,000 to 1,199 sq ft; the typical home sold here is 650 to 749.
  • ▲ Raises it2+1 bedrooms and 2 baths, against 1+1 and 2 typically.
  • ▲ Raises it slightlyThe listing describes it as fully renovated or newly built.
List price
$832KBelow recent closings$956KAbove recent closings

Total price vs nearby homes. Likely closing about $884K, from 63 recent closings in this pocket.

The market behind the math:

63sold nearby · 90 days
$542Kmedian sold price
98%of asking, on average
−12%prices vs a year ago
~27 dayshomes like this take to sell
5days on market so far
$3,310/moest. rent · 29 leases
4.5%gross yield on the ask
Seller's market
Buyer's marketSeller's market

About 1.9 months of inventory: 39 condo apartment homes for sale in the area against 63 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $808/sqft against an area asking average of $735/sqft.

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 63 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $789K. 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.

  • Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully

Based on 45 homes sold in this building over the past 20 months, from 500 closings in Unionville.

What sellers nearby are askingCurrently listed nearby in Unionville · asking prices
$847kavg 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 $795/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
888kThis home899k939k790k769k838kThis home vs active comparables

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.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$588K25
November 2025$595K22
December 2025$599K16
January 2026$579K18
February 2026$595K23
March 2026$558K22
April 2026$570K35
May 2026$561K29
June 2026$609K36
July 2026$564K25
August 2026$536K24
September 2026$544K20

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
$598K
Cathedraltown
$506K
Wismer
$502K
Royal Orchard
$1.64M
Greensborough
$662K

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
$4,047/mo
$178KIncome needed
5.0×Price ÷ income
$934Weekly cost
$14,235Land 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.

81%mortgage
Mortgage $4,047Property tax $297Condo fee $625Total carry $4,970

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 16, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$3,928per month

Mortgage amount $710,400 · 4.49% over 25 years

$177,600Down payment (20.0%)
$710,400Loan before insurance
$0CMHC premium
$4,850Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,928
Property tax
$297
Condo / maintenance fees
$625
Heating
$0
Estimated monthly cost
$4,850

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

One-time closing costs

Ontario land transfer tax
$14,235
Estimated closing costs
$14,235

Plus your down payment of $177,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,754/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

$467,977Total interest paid
$1,178,377Total of all payments
Principal $710,400 Interest $467,977
YearPrincipalInterestBalance
1$15,853$31,282$694,547
2$16,573$30,562$677,974
3$17,325$29,810$660,649
4$18,112$29,023$642,537
5$18,934$28,201$623,602
6$19,794$27,341$603,808
7$20,693$26,442$583,115
8$21,632$25,503$561,483
9$22,615$24,521$538,868
10$23,641$23,494$515,227
11$24,715$22,420$490,512
12$25,837$21,298$464,676
13$27,010$20,125$437,666
14$28,236$18,899$409,429
15$29,518$17,617$379,911
16$30,859$16,276$349,052
17$32,260$14,875$316,792
18$33,724$13,411$283,068
19$35,256$11,879$247,812
20$36,856$10,279$210,956
21$38,530$8,605$172,426
22$40,279$6,856$132,147
23$42,108$5,027$90,039
24$44,020$3,115$46,019
25$46,019$1,116$0

At the end of your 5-year term

Total paid over the term
$235,675
Principal paid down
$86,798
Interest paid
$148,878
Balance remaining
$623,602

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
From 29 whole-home leases in Unionville$3,310/mo
$39,720Gross annual rent
2.7%Cap rate after taxes and upkeep
$3,145 to $3,476Typical rent range
~23 daysTo find a tenant, on average

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

Talk about the numbers

The last 29 whole-home leases in Unionville signed at a median of $2,915 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,310. 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.

4.5%
Gross yield
− Property tax $3,569− Condo fees $7,498− Insurance $600− Vacancy & upkeep $4,369Net operating income $23,683

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

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