615-7400 Markham Road, Markham, ON

Middlefield, Markham · MLS® N14032828

$399,000
For Sale
Listed 5 days agoNo offer date stated
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1+1Bedrooms
1Bathrooms
1Garage
700-799Sq ft

About this home

In short

  • Bright & Spacious Well-Appointed Condo Features A Functional Layout With An Abundance Of Natural Light.
  • A Well-Maintained 3-Piece Bathroom Completes The Interior.
  • Residents Enjoy Elevator Access And An On-Site Fitness Facility.

Bright & Spacious Well-Appointed Condo Features A Functional Layout With An Abundance Of Natural Light. The Open Living And Dining Area Offers A Large Picture Window With Pleasant Neighbourhood Views. The Modern Kitchen Is Complete With Granite Countertops, Generous Cabinetry And Full-Size Appliances. The Spacious Bedroom Provides Excellent Comfort And Natural Light, While The Separate Den Offers Added Versatility For A Home Office, Study Or Flexible Living Space. A Well-Maintained 3-Piece Bathroom Completes The Interior. Residents Enjoy Elevator Access And An On-Site Fitness Facility. Conveniently Located Near Shopping, Dining, Public Transit, Schools And Everyday Amenities. An Excellent Opportunity For First-Time Buyers, Downsizers Or Investors.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N14032828
Bedrooms
1+1 (2 total)
Bathrooms
1
Size
700-799 sq ft
Cross streets
Markham / Denison
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Maintenance
$188/mo
Exposure
West
Property tax
$1,877 / 2025
Days on market
5
Listing brokerage
RE/MAX ACE REALTY INC.

Rooms

DenGround2.43 × 2.25 m

Laminate

Primary BedroomGround3.04 × 3.62 m

laminate · window · closet

Living RoomGround6.19 × 3.30 m

laminate · large window · combined w/dining

KitchenGround2.85 × 4.08 m

stainless steel appl · ceramic floor · breakfast bar

Dining RoomGround6.19 × 3.30 m

laminate · breakfast bar · combined w/living

LaundryGround0.00 × 0.00 m

Ceramic Floor

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 Middlefield · asking prices
$552kavg asking

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

Per square foot, these ask about $603/sqft; this home lists at $532/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
399kThis home519k550k588kThis home vs active comparables

Neighbourhood & location

Middlefield, 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
$549K
Unionville
$636K
Greensborough
$607K
Cathedraltown
$530K
Commerce Valley
$566K

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
$1,819/mo
$81KIncome needed
4.9×Price ÷ income
$420Weekly cost
$4,460Land 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.

84%mortgage
Mortgage $1,819Property tax $156Condo fee $188Total carry $2,163

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)
$1,765per month

Mortgage amount $319,200 · 4.49% over 25 years

$79,800Down payment (20.0%)
$319,200Loan before insurance
$0CMHC premium
$2,109Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,765
Property tax
$156
Condo / maintenance fees
$188
Heating
$0
Estimated monthly cost
$2,109

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

One-time closing costs

Ontario land transfer tax
$4,460
Estimated closing costs
$4,460

Plus your down payment of $79,800. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,136/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

$210,273Total interest paid
$529,473Total of all payments
Principal $319,200 Interest $210,273
YearPrincipalInterestBalance
1$7,123$14,056$312,077
2$7,447$13,732$304,630
3$7,785$13,394$296,845
4$8,138$13,041$288,707
5$8,508$12,671$280,200
6$8,894$12,285$271,306
7$9,298$11,881$262,008
8$9,720$11,459$252,288
9$10,161$11,018$242,127
10$10,623$10,556$231,504
11$11,105$10,074$220,399
12$11,609$9,570$208,790
13$12,136$9,043$196,654
14$12,687$8,492$183,967
15$13,263$7,916$170,703
16$13,866$7,313$156,838
17$14,495$6,684$142,343
18$15,153$6,026$127,189
19$15,841$5,338$111,348
20$16,560$4,618$94,788
21$17,312$3,867$77,475
22$18,098$3,080$59,377
23$18,920$2,259$40,457
24$19,779$1,400$20,677
25$20,677$502$0

At the end of your 5-year term

Total paid over the term
$105,895
Principal paid down
$39,000
Interest paid
$66,894
Balance remaining
$280,200

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$2,400/mo
$28,800Gross annual rent
5.2%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.

7.2%
Gross yield
− Property tax $1,877− Condo fees $2,256− Insurance $600− Vacancy & upkeep $3,168Net operating income $20,899

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

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