408-7171 Yonge Street, Markham, ON

Thornhill, Markham · MLS® N14095024

$555,000
For Sale
Just listed todayNo offer date stated
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2Bedrooms
2Bathrooms
1Garage
800-899Sq ft

About this home

In short

  • Bright & spacious 2-bedroom corner suite with a highly functional split-bedroom layout and desirable southwest exposure.
  • Enjoy 835 sq ft of interior living space plus an impressive 190sq ft wrap-around balcony.
  • Features 9-ft ceilings, hardwood flooring, large windows, and an open-concept kitchen.
  • Exceptional building amenities include 24-hour concierge, indoor pool, sauna, fitness centre, guest suites, party/meeting rooms, BBQ terrace & golf simulator.
  • TTC/YRT at your doorstep with easy access to Finch Station, Hwy 7, 407,404 & 400.

Bright & spacious 2-bedroom corner suite with a highly functional split-bedroom layout and desirable southwest exposure! Enjoy 835 sq ft of interior living space plus an impressive 190sq ft wrap-around balcony. Features 9-ft ceilings, hardwood flooring, large windows, and an open-concept kitchen. Exceptional building amenities include 24-hour concierge, indoor pool, sauna, fitness centre, guest suites, party/meeting rooms, BBQ terrace & golf simulator. Enjoy direct indoor access to Shops on Yonge with grocery, restaurants, banks, clinics, retail &more just steps away. TTC/YRT at your doorstep with easy access to Finch Station, Hwy 7, 407,404 & 400. Future subway station planned nearby. A rare combination of space, outdoor living &everyday convenience! *Unit will be professionally painted before move-in.

Key facts

Property type
Condo Apartment, Apartment
MLS®
N14095024
Bedrooms
2
Bathrooms
2
Size
800-899 sq ft
Cross streets
Yonge & Steeles
Parking
1 garage (underground)
Basement
None
Heating
Fan Coil
A/C
Central Air
Exterior
Concrete
Maintenance
$729/mo
Exposure
South West
Property tax
$2,891 / 2025
Listing brokerage
REMAX YC REALTY

Rooms

KitchenFlat3.35 × 2.26 m

hardwood floor · open concept · stainless steel appl

Bedroom 2Flat2.97 × 2.97 m

hardwood floor · mirrored closet · large window

Primary BedroomFlat5.59 × 2.86 m

hardwood floor · 3 pc ensuite · mirrored closet

Living RoomFlat4.37 × 3.36 m

hardwood floor · w/o to balcony · large window

Dining RoomFlat4.37 × 3.36 m

hardwood floor · combined w/kitchen · combined w/living

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 · asking prices
$619kavg 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 $761/sqft; this home lists at $653/sqft. Size is part of the price story, not just the sticker.

The 3 closest active listings nearby.

See all comparable homes
555kThis home610k600k648kThis home vs active comparables

Neighbourhood & location

Thornhill, 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.

Thornhill
$599K
Royal Orchard
$1.64M
Aileen-Willowbrook
$674K
Commerce Valley
$541K
Unionville
$636K

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
$2,530/mo
$121KIncome needed
4.6×Price ÷ income
$584Weekly cost
$7,575Land 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.

72%mortgage
Mortgage $2,530Property tax $241Condo fee $729Total carry $3,499

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 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$2,455per month

Mortgage amount $444,000 · 4.49% over 25 years

$111,000Down payment (20.0%)
$444,000Loan before insurance
$0CMHC premium
$3,425Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$2,455
Property tax
$241
Condo / maintenance fees
$729
Heating
$0
Estimated monthly cost
$3,425

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

One-time closing costs

Ontario land transfer tax
$7,575
Estimated closing costs
$7,575

Plus your down payment of $111,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$2,971/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

$292,486Total interest paid
$736,486Total of all payments
Principal $444,000 Interest $292,486
YearPrincipalInterestBalance
1$9,908$19,551$434,092
2$10,358$19,101$423,734
3$10,828$18,631$412,905
4$11,320$18,139$401,585
5$11,834$17,625$389,751
6$12,371$17,088$377,380
7$12,933$16,526$364,447
8$13,520$15,939$350,927
9$14,134$15,325$336,793
10$14,776$14,684$322,017
11$15,447$14,013$306,570
12$16,148$13,311$290,422
13$16,881$12,578$273,541
14$17,648$11,812$255,893
15$18,449$11,010$237,444
16$19,287$10,173$218,158
17$20,162$9,297$197,995
18$21,078$8,382$176,918
19$22,035$7,425$154,883
20$23,035$6,424$131,847
21$24,081$5,378$107,766
22$25,175$4,285$82,592
23$26,318$3,142$56,274
24$27,512$1,947$28,762
25$28,762$698$0

At the end of your 5-year term

Total paid over the term
$147,297
Principal paid down
$54,249
Interest paid
$93,049
Balance remaining
$389,751

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$2,700/mo
$32,400Gross 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.

5.8%
Gross yield
− Property tax $2,891− Condo fees $8,745− Insurance $600− Vacancy & upkeep $3,564Net operating income $16,600

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

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