$739,000 - 268 Buchanan Drive Unit 111W, Markham
Condo for Sale in Markham
112 days on market- MLS Number
- N12815796
- Property Type
- Condo
- Status
- active
- Days on Site
- 112
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Markham
- Locker
- Owned
- Exposure
- West
- Balcony
- Terrace
- Listing Brokerage
- REAL ONE REALTY INC.
Rarely offered Main Floor 2 Bedroom +Den (Den can be used as 3rd bed) ) 2 Bathroom suite featuring approximately 900 sq ft of interior living space plus a 200 sq ft enclosed private patio in Ultra Luxury Unionville Gardens - perfect for outdoor relaxation or entertaining. Enjoy soaring 10 ft ceilings and convenient ground-level access with no elevator required.This west-facing unit is exceptionally quiet and filled with abundant natural light. Functional split-bedroom layout offers privacy, complemented by wide plank laminate flooring throughout. Spacious den is large enough to accommodate a double bed - ideal for a third bedroom, home office, or guest space.Located directly across from Whole Foods Plaza and steps to transit for ultimate convenience.Luxury Amenities Include:Indoor pool, hot & cold plunge pools, saunas, Mahjong room, ping pong room,KARAOKE LOUNGE, fully equipped gym, party room, yoga studio, library, sky deck with Tai Chi garden, and guest suites.Situated within top-ranked Coledale Public School and Unionville High School district. Stock Photos(Unit has been freshly painted in designer color).Condo fees include water, heating, cooling, one locker, and one underground parking space. Perfect Unit for Empty Nesters.
Estimate your monthly payments for this property
Estimated Payment
$3,791.45/mo
Includes CMHC insurance ($20,618)
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.
268 Buchanan Drive Unit 111W, Markham
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Rental income estimator & ROI calculator
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 $924/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 112 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.
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 800 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 $3,079 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.