$399K · 1 bed Condo Apartment · Commerce Valley, Markham

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About this home

Turnkey investment opportunity at 88 Times Ave #615, a stylish and spacious 1-bedroom, 1-bath condo in the heart of Markham along Highway 7. Currently leased to a reliable AAA tenant in place since July 2024, now on a 1-year term at $2,200/month (started June 1, 2026), giving investors immediate cash flow from day one. This bright open concept unit features laminate flooring, an unobstructed balcony view, and one parking space. Enjoy top-tier amenities including 24-hour concierge, indoor pool, f…

Property details

MLS#

N13422406

Status

Buy Now

Beds

Baths

1 full, 0 half

Size

600-699

Style

Apartment

Type

Condo Apartment

Year built

—

Property features: Park, Public Transit

Condo corp #: 1050
Balcony: Open
Locker: None
Association amenities: Concierge, Gym, Indoor Pool, Sauna, Party Room/Meeting Room, Visitor Parking
Fees include: Heat Included, Water Included, CAC Included, Building Insurance Included, Parking 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: Bayview/Hwy 7
Basement: None
Stories: 5
Utilities: —
Laundry: Ensuite
Interior: Other
Parking features: Underground

Level	Room	Dimensions
Flat	Living Room	—
Flat	Dining Room	—
Flat	Kitchen	—
Flat	Bedroom	—

Level

Room

Dimensions

Flat

Living Room

—

Flat

Dining Room

—

Flat

Kitchen

—

Flat

Bedroom

—

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $399,000✓ $1,737 tax✓ Gas✓ 600-699 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$3,789/mo

incl. closing costs (yr 1)

Annual total

$45,464

year 1

Mortgage only

$1,514/mo

principal + interest

Beyond mortgage

$1,445/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$79,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$145/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~650 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%$3,990/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)$45/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$4,460

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)40% $18,164/yr

Property taxes14% $6,197/yr

Utilities9% $3,960/yr

Insurance & security4% $1,600/yr

Maintenance9% $3,990/yr

Condo fees14% $6,453/yr

Closing costs11% $5,100/yr

Mortgage is 40% of your true cost of ownership. The other 60% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$18,164	$1,514/mo
Government & taxes
Property tax	$1,737	$145/mo
Land transfer tax(closing)	$4,460	$372/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%)	$3,990	$333/mo
Condo fees
Condo / HOA fees	$6,453	$538/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	$45,464	$3,789/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.

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Unit 615

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Annual costs