407-38 Simcoe Promenade, Markham, ON
Unionville, Markham · MLS® N14091026
About this home
In short
- Welcome to Gallery Square, one of Downtown Markham's most sought-after newer communities.
- This spacious 1 Bedroom + Den, 2 Bathroom suite offers modern urban living in the heart of Markham's vibrant downtown core.
- Commuters will appreciate the close proximity to Unionville GO Station, providing convenient access to downtown Toronto, while Highways 404 and 407 are only minutes...
Welcome to Gallery Square, one of Downtown Markham's most sought-after newer communities. This spacious 1 Bedroom + Den, 2 Bathroom suite offers modern urban living in the heart of Markham's vibrant downtown core. Located just steps from Downtown Markham, residents enjoy a highly walkable lifestyle with immediate access to shopping, dining, entertainment, fitness facilities, grocery stores, banks, and everyday conveniences. Enjoy movie nights at Cineplex VIP, workouts at GoodLife Fitness, and a growing collection of retail and dining options right at your doorstep. Gallery Square itself is part of a master-planned mixed-use community featuring retail, public gathering spaces, and an art-inspired central piazza. Commuters will appreciate the close proximity to Unionville GO Station, providing convenient access to downtown Toronto, while Highways 404 and 407 are only minutes away for seamless travel throughout the GTA. The location is also well served by York Region Transit. Just a short drive or leisurely stroll away is the charming historic district of Main Street Unionville, known for its picturesque streetscape, boutique shops, cafés, patios, parks, and year-round community events. Residents can enjoy local favourites such as NextDoor Restaurant along with many other popular dining destinations throughout Unionville. Main Street Unionville is widely recognized as one of Markham's premier destinations for dining, entertainment, and weekend strolls. Nearby amenities include Markham YMCA, York University Markham Campus, CF Markville, First Markham Place, parks, trails, top-rated schools, and a variety of multicultural dining options that make Markham one of the GTA's most desirable communities. Experience the perfect blend of modern condo living, transit convenience, and vibrant community lifestyle at Gallery Square.
Key facts
- Property type
- Condo Apartment, Apartment
- MLS®
- N14091026
- Bedrooms
- 1+1 (2 total)
- Bathrooms
- 2
- Size
- 600-699 sq ft
- Cross streets
- Birchmount/Enterprise
- Parking
- 1 garage (underground)
- Basement
- None
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Concrete
- Maintenance
- $464/mo
- Exposure
- South
- Property tax
- $2,562 / 2025
- Days on market
- 1
- Listing brokerage
- TRUSTWELL REALTY INC.
Rooms
laminate · closet · picture window
laminate · combined w/dining · w/o to balcony
laminate · combined w/living · stainless steel appl
laminate · combined w/living · open concept
laminate · separate room
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $744/sqft; this home lists at $721/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Unionville, Markham, ON
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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 $374,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $2,070
- Property tax
- $214
- Condo / maintenance fees
- $464
- Heating
- $0
- Estimated monthly cost
- $2,748
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $5,835
- Estimated closing costs
- $5,835
Plus your down payment of $93,600. 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
- $124,207
- Principal paid down
- $45,745
- Interest paid
- $78,463
- Balance remaining
- $328,655
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 numbersEstimates 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of TRUSTWELL REALTY INC.. MLS®/PropTx.