508-18 Water Walk Drive, Markham, ON

Unionville, Markham · MLS® N14029956

$823,000
For Sale
Listed 5 days agoNo offer date stated

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2+1Bedrooms
3Bathrooms
2Garage
1000-1199Sq ft

About this home

In short

  • Welcome to Riverview by Times Group, a luxurious condo in high demand Unionville.
  • This spacious corner suite features 2-ensuite + den + power room, 1,032' + 247' wrap-around balcony.
  • The modern kitchen features premium built-in appliances, European-made cabinetry, functional layout, open concept, 9' ceilings.
  • State-of-the-art amenities; 24-h concierge, indoor pool, sauna, gym, yoga studio, party room, games room, library, card room, BBQ terrace & car wash bay.
  • Conveniently located minutes to Hwy 404 and 407, Unionville GO Station, with YRT/Viva at the door and top-ranking schools, supermarkets, restaurants, banks, and shops...

Welcome to Riverview by Times Group, a luxurious condo in high demand Unionville. This spacious corner suite features 2-ensuite + den + power room, 1,032' + 247' wrap-around balcony. The primary bedroom offers two mirrored closets, and a 4-piece ensuite with a glass shower. The second bedroom offers northwest views, a mirrored closet, and its own 4-piece ensuite. The versatile den, with a sliding privacy-glass door is ideal for a home office or guest room. The modern kitchen features premium built-in appliances, European-made cabinetry, functional layout, open concept, 9' ceilings. Lots of upgrades: Quartz countertops & backsplash, induction cooktop, kitchen island, crown moulding, engineered flooring throughout. State-of-the-art amenities; 24-h concierge, indoor pool, sauna, gym, yoga studio, party room, games room, library, card room, BBQ terrace & car wash bay. Conveniently located minutes to Hwy 404 and 407, Unionville GO Station, with YRT/Viva at the door and top-ranking schools, supermarkets, restaurants, banks, and shops nearby. 2 parkings (tandem parking) and 1 locker included. Monthly maintenance fees include Rogers Ignite bulk internet service.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N14029956
Bedrooms
2+1 (3 total)
Bathrooms
3 (1 half)
Size
1000-1199 sq ft
Cross streets
Warden / Hwy 7
Parking
2 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$632/mo
Exposure
North West
Property tax
$3,656 / 2026
Days on market
5
Listing brokerage
HOMEART REALTY SERVICES INC.

Rooms

Living RoomFlat3.53 × 3.40 m

crown moulding · window floor to ceiling · w/o to balcony

Primary BedroomFlat3.33 × 2.82 m

4 pc ensuite · mirrored closet · large window

Dining RoomFlat4.27 × 3.05 m

combined w/kitchen · large window · open concept

KitchenFlat4.27 × 3.05 m

combined w/dining · centre island · stainless steel appl

DenFlat2.82 × 2.46 m

glass doors · formal rm

Bedroom 2Flat3.33 × 2.90 m

4 pc ensuite · large window · mirrored closet

Our TakeTeam Asgarian · Broker
No automatic estimate

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Neighbourhood & location

Unionville, Markham, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$3,751/mo
$168KIncome needed
4.9×Price ÷ income
$866Weekly cost
$12,935Land 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.

80%mortgage
Mortgage $3,751Property tax $305Condo fee $632Total carry $4,688

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)
$3,640per month

Mortgage amount $658,400 · 4.49% over 25 years

$164,600Down payment (20.0%)
$658,400Loan before insurance
$0CMHC premium
$4,577Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$3,640
Property tax
$305
Condo / maintenance fees
$632
Heating
$0
Estimated monthly cost
$4,577

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

One-time closing costs

Ontario land transfer tax
$12,935
Estimated closing costs
$12,935

Plus your down payment of $164,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$4,406/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

$433,722Total interest paid
$1,092,122Total of all payments
Principal $658,400 Interest $433,722
YearPrincipalInterestBalance
1$14,693$28,992$643,707
2$15,360$28,325$628,348
3$16,057$27,628$612,290
4$16,786$26,899$595,504
5$17,548$26,136$577,956
6$18,345$25,340$559,610
7$19,178$24,507$540,432
8$20,049$23,636$520,383
9$20,959$22,726$499,424
10$21,911$21,774$477,513
11$22,906$20,779$454,608
12$23,946$19,739$430,662
13$25,033$18,652$405,629
14$26,169$17,515$379,460
15$27,358$16,327$352,102
16$28,600$15,085$323,502
17$29,898$13,786$293,604
18$31,256$12,429$262,348
19$32,675$11,010$229,673
20$34,159$9,526$195,514
21$35,710$7,975$159,805
22$37,331$6,354$122,474
23$39,026$4,659$83,448
24$40,798$2,887$42,650
25$42,650$1,035$0

At the end of your 5-year term

Total paid over the term
$218,424
Principal paid down
$80,444
Interest paid
$137,980
Balance remaining
$577,956

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.

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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$3,400/mo
$40,800Gross 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.

5.0%
Gross yield
− Property tax $3,656− Condo fees $7,589− Insurance $600− Vacancy & upkeep $4,488Net operating income $24,467

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

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