$949,000 - 86 Confederation Way, Markham
Condo for Sale in Markham
New — Listed yesterday- MLS Number
- N13440090
- Property Type
- Condo
- Status
- active
- Days on Site
- 1
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,400 sqft
- Neighbourhood
- Markham
- Locker
- None
- Exposure
- North
- Balcony
- Terrace
- Listing Brokerage
- HOMEPIN REALTY INC.
Welcome to 86 Confederation Way, a well-maintained executive townhome nestled in the highly sought-after community of Old Thornhill Village. This sun-filled and well-maintained townhouse offers over 1,500 sq.ft. of functional living space. The spacious eat-in kitchen features stainless steel appliances, ample cabinetry, a coffee/wine bar, and plenty of natural light. The open-concept living and dining area is ideal for entertaining and everyday living, while hardwood flooring throughout the main and second floors adds warmth and elegance. Upstairs, you will find three generously sized bedrooms, including a spacious primary retreat with an updated ensuite bathroom. The finished lower level offers additional living space and is perfect for a recreation room, home office, gym, or guest suite. Enjoy a private backyard surrounded by mature trees, creating a peaceful outdoor setting. Located steps from Pomona Mills Park and within walking distance to Yonge Street, transit, shopping, dining, medical clinics, dental offices, and two blocks away from the future Yonge North Subway Extension. Easy access to Highway 407 adds further convenience. Maintenance fees include snow removal for roads and driveways, landscaping of common areas, cable, internet, and water, offering truly low-maintenance living in one of Thornhill's most sought-after neighbourhoods.
Estimate your monthly payments for this property
Estimated Payment
$4,868.86/mo
Includes CMHC insurance ($26,477)
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.
86 Confederation 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 $678/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Markham's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 $3,954 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.