$779,800 - 38 Simcoe Promenade Circle Unit 319C, Markham
Condo for Sale in Markham
64 days on market- MLS Number
- N13003004
- Property Type
- Condo
- Status
- active
- Days on Site
- 64
- Bedrooms
- 3
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Markham
- Locker
- Ensuite+Exclusive
- Exposure
- West
- Balcony
- Open
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Experience modern living in this 1 year-new luxury suite at Gallery Square Condo in Downtown Markham. Spacious, sun filled south facing, 2 Bed + Den with many upgrades from the builder including upgraded flooring, 9-foot smooth ceilings, added door the Den so it can be used as a 3rd bedroom or office. A generous 943 sq. ft. interior, ideal split bedroom floor plan plus roomy balcony overlooking the quiet courtyard. Everything is contemporary and like brand new including modern kitchen with breakfast area, Caesar stone countertops, built-in appliances, laminate floors throughout, 2 spa like full bathrooms and includes one parking & one locker. Walk to Markham VIP Cineplex, restaurants, groceries & shops. Next to Go Transit, GoodLife, YMCA, York University, Rouge Valley. Minutes to Hwy 404 & 407 and more! 5 Star amenities include: 24/7 concierge, gym, media room, lounge, visitor parking, library, sports court, pet wash, theatre, games room, outdoor walking path & seating area, secured entrances/exits monitored by CCTV. Everything is done! Just move in and enjoy!
Estimate your monthly payments for this property
Estimated Payment
$4,000.78/mo
Includes CMHC insurance ($21,756)
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.
38 Simcoe Promenade Circle Unit 319C, 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 $866/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 64 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 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 $3,249 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.