37 Galleria Parkway Unit 109, Markham

Price: $419,900

1 bedrooms, 1 bathrooms

500 sqft

Property Type: Condo

MLS#: N12895776

Welcome to a bright and spacious one-bedroom suite featuring TWO separate parking spots plus a locker in an elegant, well-managed building in the heart of Markham. With 9' ceilings, a functional open-concept layout and unobstructed south views overlooking the proposed park, this unit offers a comfortable living space ideal for downsizers or a young family seeking convenience and accessibility. The thoughtfully designed L--shaped kitchen provides ample cabinet storage, granite countertops, backsplash, Walk-out to the terrace from both the living room and bedroom for added outdoor enjoyment. The building offers excellent amenities including 24-hr concierge, guest suite, pool, gym, party room, lounge, billiards, table tennis and theatre. Perfectly located within steps to grocery, restaurants, banks, doctors, and public transit, and minutes to Hwy 404/407, VIVA and GO Transit - with a T&T Supermarket coming soon to the neighborhood. Locker and 2 parking spots are to be verified by buyer through Status Certificate.

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$419,900 - 37 Galleria Parkway Unit 109, Markham

Condo for Sale in Markham

90 days on market
1Beds
1Baths
500Sq Ft
Condo
Property Details
MLS Number
N12895776
Property Type
Condo
Status
active
Days on Site
90
Bedrooms
1
Bathrooms
1
Square Feet
500 sqft
Neighbourhood
Markham
Locker
Owned
Exposure
South
Balcony
Terrace
Listing Brokerage
RE/MAX REALTRON REALTY INC.
Description

Welcome to a bright and spacious one-bedroom suite featuring TWO separate parking spots plus a locker in an elegant, well-managed building in the heart of Markham. With 9' ceilings, a functional open-concept layout and unobstructed south views overlooking the proposed park, this unit offers a comfortable living space ideal for downsizers or a young family seeking convenience and accessibility. The thoughtfully designed L--shaped kitchen provides ample cabinet storage, granite countertops, backsplash, Walk-out to the terrace from both the living room and bedroom for added outdoor enjoyment. The building offers excellent amenities including 24-hr concierge, guest suite, pool, gym, party room, lounge, billiards, table tennis and theatre. Perfectly located within steps to grocery, restaurants, banks, doctors, and public transit, and minutes to Hwy 404/407, VIVA and GO Transit - with a T&T Supermarket coming soon to the neighborhood. Locker and 2 parking spots are to be verified by buyer through Status Certificate.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,154.30/mo

Includes CMHC insurance ($11,715)

$
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5%10%50%

5-yr fixed avg.

Principal: $377,910Interest: $256,666
Mortgage Amount$389,625
Total Interest$256,666
Est. Property Tax$297/mo
Total Cost$646,291

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

37 Galleria Parkway Unit 109, 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)
3.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$1,800
Maintenance Fees-$325
Property Tax (est.)-$297
Insurance (est.)-$87
Net Cash Flow+$1,091

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 $840/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 90 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 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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    37 Galleria Parkway Unit 109, M… — $419,900 | Battaglia Team