301-1709 Bur Oak Avenue, Markham, ON

Wismer, Markham · MLS® N14089910

$438,000
For Sale
Listed 2 days agoNo offer date stated
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1+1Bedrooms
2Bathrooms
1Garage
700-799Sq ft

About this home

In short

  • Welcome to Union Condos by Aspen Ridge Homes.
  • This bright and spacious 1-bedroom plus den unit features 9-foot ceilings and sleek laminate flooring throughout.
  • The open-concept kitchen comes equipped with elegant quartz countertops and premium stainless steel appliances.
  • This property also includes 1 underground parking space and 1 storage locker for your convenience.

Welcome to **Union Condos** by Aspen Ridge Homes! This bright and spacious 1-bedroom plus den unit features 9-foot ceilings and sleek laminate flooring throughout. Enjoy a sun-filled east view through expansive floor-to-ceiling windows leading out to a large private balcony.The open-concept kitchen comes equipped with elegant quartz countertops and premium stainless steel appliances. Perfectly situated just steps from the Mount Joy GO Station, supermarkets, top-rated restaurants, schools, parks, banks, public transit, Home Depot, Shopper Drug Mart, and more.This property also includes 1 underground parking space and 1 storage locker for your convenience.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N14089910
Bedrooms
1+1 (2 total)
Bathrooms
2 (1 half)
Size
700-799 sq ft
Cross streets
Markham Rd & Bur Oak Ave
Parking
1 garage (underground)
Basement
None
Heating
Forced Air
A/C
Central Air
Exterior
Concrete
Maintenance
$537/mo
Exposure
North
Property tax
$2,246 / 2026
Days on market
2
Listing brokerage
REAL BROKER ONTARIO LTD.

Rooms

Dining RoomFlat4.22 × 5.69 m

open concept · combined w/living · laminate

KitchenFlat4.22 × 5.69 m

open concept · stainless steel appl

Living RoomFlat4.22 × 5.69 m

open concept · w/o to balcony · laminate

DenFlat2.44 × 3.02 m

open concept · laminate

Primary BedroomFlat3.45 × 3.20 m

4 pc ensuite · walk-in closet(s) · window floor to ceiling

Our TakeTeam Asgarian · Broker
A small discount is typical
$428Klikely sale price

Listed at $438,000. Going by how homes in Wismer and the wider GTA have actually closed against their asking prices (about 98%, 7 local closings in 90 days), the likely sale price is near $428K, if it sells. A realistic range is $403K to $463K.

Independent value check: $499K. Without looking at the asking price, our model values the home itself about 14% above the ask (homes like it typically land between $464K and $525K).

Why $499K. The typical condo sold in Wismer over the past year went for about $473K (33 sales). What sets this one apart:

  • ▲ Raises it1+1 bedrooms and 2 baths, against 1+1 and 1 typically.
  • ▲ Raises itIt is 700 to 799 sq ft; the typical home sold here is 600 to 699.
List price
$403KBelow recent closings$463KAbove recent closings

Total price vs nearby homes. Likely closing about $428K, from 7 recent closings in this pocket.

The market behind the math:

7sold nearby · 90 days
$468Kmedian sold price
99%of asking, on average
−20%prices vs a year ago
~32 dayshomes like this take to sell
2days on market so far
$2,572/moest. rent · 12 leases
7.0%gross yield on the ask
Buyer's market
Buyer's marketSeller's market

About 5.1 months of inventory: 12 condo apartment homes for sale in the area against 7 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 $584/sqft against an area asking average of $689/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 7 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $485K. 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.

  • Open-concept layout: modern, sought-after flow. Lifestyle

Based on 7 homes sold in this building over the past two years, from 59 closings in Wismer.

What sellers nearby are askingCurrently listed nearby in Wismer · asking prices
$473kavg 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 $661/sqft; this home lists at $584/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
438kThis home435k485k500kThis home vs active comparables

Sold price trend

Median sold price for condos in Markham: $533K in September 2026, down 10% from a year ago, on 676 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. Markham as a whole: the neighbourhood alone has too few closings for a line of its own.

Month by month
MonthMedian soldClosings
October 2025$600K61
November 2025$610K53
December 2025$627K34
January 2026$583K40
February 2026$550K53
March 2026$564K54
April 2026$573K68
May 2026$563K52
June 2026$579K88
July 2026$528K61
August 2026$552K60
September 2026$533K52

Neighbourhood & location

Wismer, 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.

Greensborough
$607K
Unionville
$636K
Cathedraltown
$530K
Commerce Valley
$541K
Aileen-Willowbrook
$674K

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
$1,996/mo
$96KIncome needed
4.6×Price ÷ income
$461Weekly cost
$5,235Land 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 $1,996Property tax $187Condo fee $537Total carry $2,720

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)
$1,937per month

Mortgage amount $350,400 · 4.49% over 25 years

$87,600Down payment (20.0%)
$350,400Loan before insurance
$0CMHC premium
$2,662Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$1,937
Property tax
$187
Condo / maintenance fees
$537
Heating
$0
Estimated monthly cost
$2,662

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

One-time closing costs

Ontario land transfer tax
$5,235
Estimated closing costs
$5,235

Plus your down payment of $87,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,345/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

$230,827Total interest paid
$581,227Total of all payments
Principal $350,400 Interest $230,827
YearPrincipalInterestBalance
1$7,819$15,430$342,581
2$8,174$15,075$334,406
3$8,546$14,703$325,860
4$8,934$14,315$316,927
5$9,339$13,910$307,588
6$9,763$13,486$297,824
7$10,207$13,042$287,618
8$10,670$12,579$276,948
9$11,154$12,095$265,793
10$11,661$11,588$254,132
11$12,190$11,059$241,942
12$12,744$10,505$229,198
13$13,322$9,927$215,876
14$13,927$9,322$201,948
15$14,560$8,689$187,388
16$15,221$8,028$172,168
17$15,912$7,337$156,256
18$16,634$6,615$139,621
19$17,390$5,859$122,232
20$18,179$5,070$104,053
21$19,005$4,244$85,048
22$19,867$3,382$65,181
23$20,770$2,480$44,411
24$21,713$1,536$22,698
25$22,698$551$0

At the end of your 5-year term

Total paid over the term
$116,245
Principal paid down
$42,812
Interest paid
$73,433
Balance remaining
$307,588

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 12 whole-home leases in Wismer$2,572/mo
$30,864Gross annual rent
4.2%Cap rate after taxes and upkeep
$2,443 to $2,700Typical 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 12 whole-home leases in Wismer signed at a median of $2,400 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $2,572. 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.

7.0%
Gross yield
− Property tax $2,246− Condo fees $6,444− Insurance $600− Vacancy & upkeep $3,395Net operating income $18,179

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of REAL BROKER ONTARIO LTD.. MLS®/PropTx.

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