$815,000 - 25 Water Walk Drive Unit PH15, Markham
New Construction for Sale in Markham
135 days on market- MLS Number
- N12705210
- Property Type
- New Construction
- Status
- active
- Days on Site
- 135
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Markham
- Locker
- Owned
- Exposure
- North
- Balcony
- Open
- Listing Brokerage
- HOMELIFE NEW WORLD REALTY INC.
Open concept penthouse with 10 foot ceilings in Downtown Markham. 2 bedroom plus den (convertible to 3rd bedroom), 2 full bathrooms, 2 balconies, with parking spot #88 (includes electric vehicle charging) and locker. Spacious floor plan with raised ceilings and high end finishes throughout. Modern kitchen with extended cabinetry and soft close hinges, under-cabinet LED lighting, stainless steel built-in appliances, quartz countertops with matching backsplash, and custom island with additional storage. Primary bedroom with 4-piece ensuite bathroom, luxurious walk-in closet, balcony with unobstructed north facing view. Second bedroom with double closet and private balcony. Three-piece washroom with upgraded glass shower, soft close cabinets. Large den (8'3" x 10'5") can be used for dining room, office, exercise area or additional bedroom. In-suite laundry with New GE Ultrafast All-In-One Washer/Dryer Combo (2024). Meticulously maintained and freshly painted. Condo fee includes Rogers Hi-Speed Internet. Residents enjoy top-tier amenities inc. rooftop infinity pool, 24 hour concierge, visitor parking, guest suites, rooftop barbecue, rooftop terrace, gym, billiard room, library/Wi-Fi lounge, party room with dining area and bar. Steps away from street buses, supermarkets, banks, walking trails, children's playground, restaurants, including Whole Foods Market, Markham Civic Centre, Cineplex, Unionville and top rated schools. Short drive to Unionville GO Station, Hwy 404/407 and York University.
Estimate your monthly payments for this property
Estimated Payment
$4,181.37/mo
Includes CMHC insurance ($22,739)
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.
25 Water Walk Drive Unit PH15, 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
Fair Market Value
At $906/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 135 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Efficient Living
At 900 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.
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 $3,396 (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.