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$399K · 1 bed Condo Apartment · Unit 615, 88 Times Avenue, Markham, Ontario L3T 7Z4 | HomeSearchCanada

$399,000

Unit 615

89 DOM

1189d

Map

DOM 89

$399,000

DOM89days

Unit 615

88 Times Avenue · Markham · Ontario L3T 7Z4

MLS® N13422406 · Commerce Valley · L3T 7Z4

11TenantOccupied600-699 ft²Condo Apartment1-car UndergroundNo basement89d$614/ft²$1,737 tax/yrNo basement

89 days on market

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…

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Property details

MLS#: N13422406
Status: Buy Now
Property class: Residential Condo & Other
Beds: 1
Baths: 1 full, 0 half
Rooms: 5
Kitchens: 1
Size: 600-699Exact finished sqft not on MLS feed (often MPAC-only on broker systems)
Basement: None
Style: Apartment
Type: Condo Apartment
Year built: —Year built not on MLS feed (often MPAC-only on broker systems)

Occupancy: Tenant Occupied
Washrooms: 4 pc
Family room: No
Central vacuum: No
Ensuite laundry: No

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
Stories: 5
Utilities: —
Laundry: Ensuite
Interior: Other
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Room details

Seller signals

Price movement & seller pressure

No price-drop or motivated-seller signals detected from MLS data we track on this listing.

Property history

Sales History

NEW

Location details

Comparable sales

Neighbourhood SOLDs

Neighbourhood stats

Brokered by: PAUL ZAMMIT REAL ESTATE LTD.

Source: TRREB/PROPTX · MLS® N13422406

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$399K

Unit 615 · Bryon Bertrim

Coach Home Wizard

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

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Price movement & seller pressure

Sales History

Neighbourhood SOLDs

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Annual costs