$545,000 - 38 Water Walk Drive Unit 902, Markham
Condo for Sale in Markham
39 days on market- MLS Number
- N13100332
- Property Type
- Condo
- Status
- active
- Days on Site
- 39
- Bedrooms
- 1
- Bathrooms
- 1
- Square Feet
- 500 sqft
- Neighbourhood
- Markham
- Locker
- Owned
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- CENTURY 21 ATRIA REALTY INC.
Welcome to Riverview, where modern luxury meets unbeatable convenience in the heart of Downtown Unionville. This rare south-facing 1-bedroom, 1-bathroom suite offers 557 sq. ft. of thoughtfully designed living space with soaring 9-ft ceilings, abundant natural light, and a bright open-concept layout.The stylish modern kitchen features built-in stainless steel appliances, stone countertops, a centre island, and a sleek tile backsplash - perfect for both everyday living and entertaining. The sun-filled living area enjoys unobstructed southern exposure, while the spacious bedroom offers comfort, privacy, and functionality.Move-in ready and impeccably maintained, this suite also includes 1 EV parking space and 1 locker for added convenience. Enjoy exceptional connectivity to major destinations:Hwy 407 - 3 minutes, Hwy 404 - 5 minutes, York University Markham Campus - 5 minutes, Main Street Unionville - 4 minutes, Whole Foods - 3 minutes, CF Markville Mall - 9 minutes, Minutes to VIP Cineplex, Unionville GO Station, IBM, T&T, Costco, and Pacific Mall, Located within the highly sought-after Unionville High School boundary, this is an exceptional opportunity to own in one of Markham's premier condo communities.
Estimate your monthly payments for this property
Estimated Payment
$2,796.13/mo
Includes CMHC insurance ($15,206)
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 Water Walk Drive Unit 902, 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 $1090/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.
Market Position
At 39 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
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 $2,271 (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.