130 Pond Drive Unit 303, Markham

Price: $390,000

1 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: N13232862

Location, Location, Location! Welcome To The Derby Tower Offers Both Comfort And Convenience In Prime Commerce Valley Neighbourhood. Whether You are a First-Time Home Buyer Looking For A Starter Condo, A Downsizer or an Investor, this Bright 1 Bedroom 1 Bathroom Condo Offers Plenty Of Natural Light, Great Layout, Open Concept Kitchen, Laminate Flooring Throughout The Living & Dining Room & Bedroom. Condo Fee Includes Hydro, Water, AC, Heat, and a 24 Hour Concierge, EV Charging Station (Pay Per Use). The Building Offers Access To Recreation Amenities Including a Gym, Sauna, and Party Room. Steps To Times Square, Restaurants, Banks, Shops, Park. Mins To Hwy 404 & 407, Downtown Markham, Go Station, Convenient Location W/ All The Amenities You Need Nearby!

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$390,000 - 130 Pond Drive Unit 303, Markham

Condo for Sale in Markham

Popular Listing
1Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
N13232862
Property Type
Condo
Status
active
Days on Site
10
Bedrooms
1
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Markham
Locker
None
Exposure
North
Balcony
None
Listing Brokerage
CENTURY 21 KING`S QUAY REAL ESTATE INC.
Description

Location, Location, Location! Welcome To The Derby Tower Offers Both Comfort And Convenience In Prime Commerce Valley Neighbourhood. Whether You are a First-Time Home Buyer Looking For A Starter Condo, A Downsizer or an Investor, this Bright 1 Bedroom 1 Bathroom Condo Offers Plenty Of Natural Light, Great Layout, Open Concept Kitchen, Laminate Flooring Throughout The Living & Dining Room & Bedroom. Condo Fee Includes Hydro, Water, AC, Heat, and a 24 Hour Concierge, EV Charging Station (Pay Per Use). The Building Offers Access To Recreation Amenities Including a Gym, Sauna, and Party Room. Steps To Times Square, Restaurants, Banks, Shops, Park. Mins To Hwy 404 & 407, Downtown Markham, Go Station, Convenient Location W/ All The Amenities You Need Nearby!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,000.90/mo

Includes CMHC insurance ($10,881)

$
$
5%10%50%

5-yr fixed avg.

Principal: $351,000Interest: $238,390
Mortgage Amount$361,881
Total Interest$238,390
Est. Property Tax$276/mo
Total Cost$600,271

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.

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Neighbourhood Guide: Markham

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

130 Pond Drive Unit 303, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$1,800/mo
Range: $1,530 - $2,070
Cap Rate (ROI)
3.2%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$390
Property Tax (est.)-$276
Insurance (est.)-$81
Net Cash Flow+$1,053

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $650/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.

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.

Efficient Living

At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.

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.

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    130 Pond Drive Unit 303, Markham — $390,000 | Battaglia Team