$699,000 - 124 Wales Avenue, Markham
Condo for Sale in Markham
- MLS Number
- N13211562
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Markham
- Locker
- Ensuite
- Exposure
- West
- Balcony
- None
- Listing Brokerage
- SUTTON GROUP-HERITAGE REALTY INC.
Welcome to this meticulously maintained End-Unit 3-Bedroom Condo Townhouse located in the Highly Sought-After Old Markham Village Community. This charming home offers the perfect blend of comfort, convenience & lifestyle in one of Markham's most desirable neighbourhoods. Relax on the inviting front porch while enjoying your morning coffee surrounded by mature trees & a quiet residential setting. Inside, you'll find a bright classic eat-in kitchen, spacious separate living & dining areas, crown mouldings, and a functional layout perfect for Families, Professionals Or Down sizers. The Finished Walk-Out Basement provides additional Living Space with a Pellet Stove and Opens To A Private Fenced Patio ideal for Entertaining or Relaxing Outdoors. Additional features include Laundry Room with Ample Storage & Crawl Space. Outside you have an Exclusive Parking Spot, Large Storage Unit & Plenty Of Visitor Parking. Located In The Heart Of Historic Markham Village, this Home Is Steps To Main Street Markham Featuring Trendy Restaurants, Boutique Shops, Cafes & Pubs. Walking Distance To High-Ranking Schools, Parks, Grocery Stores, Banks, Markham Museum & Mount Joy Community Centre. Commuters Will Love The Easy Access To GO Train Stations, Public Transit & Highways Including 407 ETR For Seamless Travel Throughout The GTA. A Rare Opportunity To Own An End-Unit Townhome In A Prime Family-Friendly Location. Don't Miss Your Chance To Call This Beautiful Property Home!
Estimate your monthly payments for this property
Estimated Payment
$3,586.23/mo
Includes CMHC insurance ($19,502)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Markham
Markham is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Markham
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Markham offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
124 Wales Avenue, Markham
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $583/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Investment Perspective
Looking at this as an investment: Markham properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,913 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.