15 Water Walk Drive Unit 2201, Markham

Price: $399,000

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: N13410736

One Parking and One Locker, Optimize space efficiency, belong to St. Justin Martyr Elementary School and Unionville High School and St. Augustine Catholic High School. Close Whole Foods, Fitness, Cineplex YMCA, GO. Bright & Spacious One Bedroom Condo with Unobstructed Great Views From the 22nd Floor from Your Private And Full Unit Length Balcony! 9 Feet Ceiling, Laminate Floor, Modern Kitchen With Stainless Steel Appliances in like-new Condition; Facilities include: Pool, Guest Suites, Exercise Room. Close To All Amenities, Public Transit, Go Train Station, Hwy 404/407, Plaza, School, Include 24 Hr Concierge. Amazing Layout, Don't Miss This Gem!

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active
New Listing
1/23

$399,000 - 15 Water Walk Drive Unit 2201, Markham

Condo for Sale in Markham

New — Listed 2 days ago
1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
N13410736
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Markham
Locker
Owned
Exposure
North
Balcony
Open
Listing Brokerage
SUNSHINE REALTY BROKERAGE INC.
Description

One Parking and One Locker, Optimize space efficiency, belong to St. Justin Martyr Elementary School and Unionville High School and St. Augustine Catholic High School. Close Whole Foods, Fitness, Cineplex YMCA, GO. Bright & Spacious One Bedroom Condo with Unobstructed Great Views From the 22nd Floor from Your Private And Full Unit Length Balcony! 9 Feet Ceiling, Laminate Floor, Modern Kitchen With Stainless Steel Appliances in like-new Condition; Facilities include: Pool, Guest Suites, Exercise Room. Close To All Amenities, Public Transit, Go Train Station, Hwy 404/407, Plaza, School, Include 24 Hr Concierge. Amazing Layout, Don't Miss This Gem!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,047.08/mo

Includes CMHC insurance ($11,132)

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5-yr fixed avg.

Principal: $359,100Interest: $243,891
Mortgage Amount$370,232
Total Interest$243,891
Est. Property Tax$283/mo
Total Cost$614,123

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

15 Water Walk Drive Unit 2201, 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)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$283
Insurance (est.)-$83
Net Cash Flow+$1,109

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 $798/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Markham's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 500 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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    15 Water Walk Drive Unit 2201… — $399,000 | Battaglia Team