253 South Park Road Unit 709, Markham

Price: $499,000

2 bedrooms, 1 bathrooms

600 sqft

Property Type: Condo

MLS#: N13417826

Welcome to this remarkable, sun-filled, 1+1 layout features a generous primary bedroom complete with a walk-in closet, plus a versatile den enclosed by elegant French doors-perfectly suited as a home office or a second bedroom. At the heart of the home, an open-concept kitchen with a convenient breakfast bar flows seamlessly into the main living area, creating an ideal space for entertaining. Enjoy the daily convenience of in-suite laundry, an owned parking space, and a dedicated storage locker. This exceptional building offers an unparalleled lifestyle with five-star amenities, including 24/7 concierge/security, an indoor pool, a fully equipped fitness center, a theater room, billiards, ping pong, a card room, a party room, a guest suite, visitor parking, and on-site management. Step outside to beautifully landscaped grounds featuring a private rear exit that leads directly into a park. Perfectly situated just moments from key highways, transit, shopping, dining, and places of worship-this property offers the ultimate blend of comfort and convenience.

253 South Park Road Unit 709 - Condo photo 1 of 12 in Markham, Ontario
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$499,000 - 253 South Park Road Unit 709, Markham

Condo for Sale in Markham

New — Listed 2 days ago
2Beds
1Baths
600Sq Ft
Condo
Property Details
MLS Number
N13417826
Property Type
Condo
Status
active
Days on Site
2
Bedrooms
2
Bathrooms
1
Square Feet
600 sqft
Neighbourhood
Markham
Locker
Owned
Exposure
North
Balcony
Open
Listing Brokerage
ROYAL LEPAGE TERREQUITY REALTY
Description

Welcome to this remarkable, sun-filled, 1+1 layout features a generous primary bedroom complete with a walk-in closet, plus a versatile den enclosed by elegant French doors-perfectly suited as a home office or a second bedroom. At the heart of the home, an open-concept kitchen with a convenient breakfast bar flows seamlessly into the main living area, creating an ideal space for entertaining. Enjoy the daily convenience of in-suite laundry, an owned parking space, and a dedicated storage locker. This exceptional building offers an unparalleled lifestyle with five-star amenities, including 24/7 concierge/security, an indoor pool, a fully equipped fitness center, a theater room, billiards, ping pong, a card room, a party room, a guest suite, visitor parking, and on-site management. Step outside to beautifully landscaped grounds featuring a private rear exit that leads directly into a park. Perfectly situated just moments from key highways, transit, shopping, dining, and places of worship-this property offers the ultimate blend of comfort and convenience.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,560.13/mo

Includes CMHC insurance ($13,922)

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5-yr fixed avg.

Principal: $449,100Interest: $305,016
Mortgage Amount$463,022
Total Interest$305,016
Est. Property Tax$353/mo
Total Cost$768,039

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

253 South Park Road Unit 709, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$2,200/mo
Range: $1,870 - $2,530
Cap Rate (ROI)
3.3%
Fair

Monthly Cash Flow Breakdown

Rental Income+$2,200
Maintenance Fees-$390
Property Tax (est.)-$353
Insurance (est.)-$104
Net Cash Flow+$1,353

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

Fair Market Value

At $832/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.

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 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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    253 South Park Road Unit 709, M… — $499,000 | Battaglia Team