282 Royal Orchard Boulevard, Markham, ON
Royal Orchard, Markham · MLS® N14085096
About this home
In short
- Welcome to your new home in the heart of Thornhill.
- Walk in to the spacious foyer that features room for shoes/coats, the wonderful 2-piece bathroom, steps down to the recreation room that can be a 4th bedroom, and the...
- The Main Floor features sun-filled open spaces where the recently renovated, and stunning Kitchen resides, prep island with storage and extra seating, ample spaced...
- The 2nd Floor features 3 bedrooms including the Primary Bedroom with Large Walk-in Closet, and the renovated Main Bathroom for all your family's needs.
- Even better is a newer Roof (2024), Newer Windows (2024) Newer Door (2025), Newer Tankless Hot Water (2024), Washer/Dryer (2026/2019) and Newer Furnace/AC (2019...
Welcome to your new home in the heart of Thornhill! Almost 1,800 sqft of space in total!! This recently updated, bright, open 3 bedroom property is waiting for you to just move in! Walk in to the spacious foyer that features room for shoes/coats, the wonderful 2-piece bathroom, steps down to the recreation room that can be a 4th bedroom, and the 2026 renovated Laundry Room, complete with a brand new washing machine. The Main Floor features sun-filled open spaces where the recently renovated, and stunning Kitchen resides, prep island with storage and extra seating, ample spaced dining/eating area, and a large Living Room for all your seating and entertainment needs can handle. Off the kitchen is also the walk-out to the well-sized backyard waiting for your finishing touches. The 2nd Floor features 3 bedrooms including the Primary Bedroom with Large Walk-in Closet, and the renovated Main Bathroom for all your family's needs. Windows feature custom roller blinds throughout! The bonus Tankless Hot Water system provides endless hot water ensuring you and your family have comfort whenever you need it. This gorgeous home is an incredible commuter haven, whether using public transportation or driving, with its close proximity to both Bayview and Yonge Street, as well as quick access to 407, Hwy 7, and the 404, making even the location perfect. Sitting in a perfect pocket of catchment, this home features access to many schools including highly-ranked private and public panels, as well as French Immersion. Walking distance to amenities and nature paths completes this dream for you. Even better is a newer Roof (2024), Newer Windows (2024) Newer Door (2025), Newer Tankless Hot Water (2024), Washer/Dryer (2026/2019) and Newer Furnace/AC (2019 both), Garage Door (2026). All appliances are owned with NO Rentals! Whether for you or for income potential, this townhouse has it all.
Key facts
- Property type
- Condo Townhouse, 2-Storey
- MLS®
- N14085096
- Bedrooms
- 3+1 (4 total)
- Bathrooms
- 2 (1 half)
- Size
- 1200-1399 sq ft
- Cross streets
- Bayview/Royal Orchard and Yonge/Royal Orchard
- Parking
- 1 garage · 2 parking (built-in)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Maintenance
- $667/mo
- Exposure
- South
- Property tax
- $3,515 / 2025
- Days on market
- 3
- Listing brokerage
- RE/MAX HALLMARK REALTY LTD.
Listed at $729,000, about 2% above our estimate of $718K (homes like it typically land between $668K and $754K).
Why $718K. The typical townhouse sold in Royal Orchard over the past year went for about $695K (12 sales). What sets this one apart:
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises it slightlyIts tax bill, which follows the city's own assessment, is $3,515 a year; the typical home sold here pays about $3,300.
Total price vs nearby homes. Fair value about $718K, learned from recent GTA sales.
The market behind the math:
Price per square foot: this home lists at $561/sqft against an area asking average of $553/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 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $676K. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Royal Orchard, so I widened the search to the surrounding area.
Based on 4 homes sold in this building over the past two years, plus 1 nearby in Royal Orchard, from 24 closings in Royal Orchard.
Nothing closely matching this home is listed nearby right now, so these are the nearest condo townhouse listings on the market. Homes like this one have recently closed around $718K, which is where my estimate comes from.
Per square foot, these ask about $474/sqft; this home lists at $561/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for condo townhouses in Markham: $710K in September 2026, down 6% from a year ago, on 245 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Markham as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $808K | 24 |
| November 2025 | $778K | 12 |
| December 2025 | $715K | 12 |
| January 2026 | $825K | 12 |
| February 2026 | $743K | 24 |
| March 2026 | $815K | 21 |
| April 2026 | $829K | 10 |
| May 2026 | $760K | 31 |
| June 2026 | $751K | 26 |
| July 2026 | $717K | 28 |
| August 2026 | $765K | 25 |
| September 2026 | $710K | 20 |
Neighbourhood & location
Royal Orchard, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
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
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.
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
Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $583,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $3,225
- Property tax
- $293
- Condo / maintenance fees
- $667
- Heating
- $0
- Estimated monthly cost
- $4,185
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $11,055
- Estimated closing costs
- $11,055
Plus your down payment of $145,800. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
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
At the end of your 5-year term
- Total paid over the term
- $193,477
- Principal paid down
- $71,256
- Interest paid
- $122,220
- Balance remaining
- $511,944
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.
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 7 whole-home leases in Royal Orchard signed at a median of $3,500 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,400. 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of RE/MAX HALLMARK REALTY LTD.. MLS®/PropTx.