$950,000 - 63 Michael Way, Markham
Condo for Sale in Markham
- MLS Number
- N13212190
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,800 sqft
- Neighbourhood
- Markham
- Locker
- None
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- SMART SOLD REALTY
Meticulously Maintained CORNER UNIT Townhome That Lives Like A Semi, Nestled In The Highly Sought-After Buttonville Community At Woodbine & 16th Ave. Zoned For Top-Ranking Schools: Buttonville PS, Unionville HS, St. Augustine, And St. Justin Martyr.The Main Level Features 9-Ft Ceilings, Pot Lights, A Functional And Stylish Layout, And Huge Windows That Flood The Home With Natural Light. An Inviting Living Room Seamlessly Connects To The Cozy Family Room With A Gas Fireplace, Perfect For Entertaining While Overlooking Clear Community Views. The Open-Concept Kitchen Is Equipped With Stainless Steel Appliances And A Spacious Breakfast Area.The Home Features Soaring Cathedral Ceilings Extending To The Second Floor. The Spacious Primary Bedroom Offers A Private Ensuite And A Walk-In Closet. A Rare Second Semi-Ensuite Bedroom Also Features Its Own Walk-In Closet, While The Additional Generously Sized Bedroom Shares Another Full Bathroom, All Filled With Abundant Natural Sunlight. Conveniently Located Close To Visitor Parking. Low Maintenance Fees Include Water, Landscaping, Snow Removal, Garbage Removal, Common Elements, Building Insurance, And Parking. Lower Level Features A Walk-Up Basement With Direct Access To The Backyard, Offering Excellent Potential For Future In-Law Suite Or Additional Living Space. Walking Distance To T&T Supermarket, Shoppers Drug Mart, Tim Hortons, Restaurants, And Two Major Banks. Public Transit Is At Your Doorstep, With Easy Access To Hwy 404 & 407.
Estimate your monthly payments for this property
Estimated Payment
$4,873.99/mo
Includes CMHC insurance ($26,505)
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.
63 Michael Way, 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
Competitive Pricing
At $528/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 16 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.
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.
Bathroom Count Matters
With 3 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
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 $3,958 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.