$858,000 - 8 Water Walk Drive Unit 507, Markham
Condo for Sale in Markham
- MLS Number
- N13207280
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,000 sqft
- Neighbourhood
- Markham
- Locker
- Owned
- Exposure
- North West
- Balcony
- Open
- Listing Brokerage
- PROMPTON REAL ESTATE SERVICES CORP.
Welcome To Riverview By Times Group! Rare To Find This EXTRA LARGE 2-Bedroom+Den & 2 1/2 Baths CORNER Suite With 1,139sf Interior Plus 334sf Open Balcony! BOTH BEDROOMS WITH 4PC ENSUITE, Den With Sliding Doors & Closet Can Be 3rd Bedroom. Suite Offers An Exceptional Blend Of Luxury, Comfort And Functionality. Featuring Soaring 9-foot Ceilings And Expansive Floor-To-Ceiling Windows, The Home Is Filled With Natural Light And Showcases Beautiful Sunset & Playground Views. Thoughtfully Designed, Laminate Flooring Throughout Enhances The Modern Aesthetic While Creating a Seamless Sense Of Space. This Suite Also Includes The Rare Convenience Of TWO Parking Spots And One Locker. Residents Enjoy Access To An Impressive Collection Of Amenities, Including a Fitness Room, Indoor Pool, Yoga Studio, Games Room, Library, Party Room, Landscaped Outdoor Garden With BBQs, And a Spacious Terrace. Ideally Located Just Minutes From Highway 7, Downtown Markham, Supermarkets And The GO Station, This Unit Delivers The Perfect Balance Of Upscale Living, Everyday Convenience And Outstanding Value.
Estimate your monthly payments for this property
Estimated Payment
$4,401.98/mo
Includes CMHC insurance ($23,938)
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.
8 Water Walk Drive Unit 507, 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 $858/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 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 $3,575 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.