$588K · 2 bed Condo Apartment · Commerce Valley, Markham

Loading neighbourhood intel…

About this home

Newly renovated 2 bedrooms unit in luxury Victoria Tower in high demand Markham location. New laminate floor throughout, New quartz kitchen counter, and new quartz bathroom counter in both washrooms. Master bedroom with 3-pc ensuite. Large 2nd bedroom. Full facilities with indoor pool, gym and exercise room, party room, etc. 24-hr security, steps to Viva, waking distance to banks, restaurants & grocery shopping. Easy access to Hwy 404/407.

Property details

MLS#

N13061554

Status

Buy Now

Beds

Baths

2 full, 0 half

Size

800-899

Style

Apartment

Type

Condo Apartment

Year built

—

Property features: Park, Public Transit

Building name: Victoria Tower
Condo corp #: 1050
Balcony: Open
Locker: None
Association amenities: Concierge, Exercise Room, Gym, Indoor Pool, Party Room/Meeting Room
Fees include: Heat Included, Common Elements Included, Building Insurance Included, Water Included, Parking Included, CAC Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Highway 7/Leslie
Basement: None
Stories: 4
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: Underground

Level	Room	Dimensions
Flat	Living Room	3.2m × 6.17m
Flat	Dining Room	3.12m × 6.17m
Flat	Kitchen	2.23m × 2.67m
Flat	Primary Bedroom	2.9m × 3.88m
Flat	Bedroom 2	2.56m × 3.59m

Level

Room

Dimensions

Flat

Living Room

3.2m × 6.17m

Flat

Dining Room

3.12m × 6.17m

Flat

Kitchen

2.23m × 2.67m

Flat

Primary Bedroom

2.9m × 3.88m

Flat

Bedroom 2

2.56m × 3.59m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $588,000✓ $2,034 tax✓ Gas✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$5,220/mo

incl. closing costs (yr 1)

Annual total

$62,634

year 1

Mortgage only

$2,231/mo

principal + interest

Beyond mortgage

$1,844/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$117,600

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$169/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$5,880/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$63/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$8,235

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)43% $26,768/yr

Property taxes16% $10,269/yr

Utilities6% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,880/yr

Condo fees14% $9,057/yr

Closing costs8% $5,100/yr

Mortgage is 43% of your true cost of ownership. The other 57% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$26,768	$2,231/mo
Government & taxes
Property tax	$2,034	$169/mo
Land transfer tax(closing)	$8,235	$686/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$5,880	$490/mo
Condo fees
Condo / HOA fees	$9,057	$755/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$62,634	$5,220/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

Unlock Insider Deals

Sign in

Unit 509

About this home

MyStreetValue™ Analysis

Property details

Rooms

Sales History

Request a Showing

Request a Showing

Annual costs