MLS® listing
38 Water Walk Drive 731: condo apartment for sale
$614,900
From the listing brokerage
*Very spacious 1 year NEW 712 sq. feet 1+ den with 2 washrooms in the HEART of Markham! Very nice and deluxe Riverview Condo! *9 feet ceilings throughout, super open big balcony! Den is BIG and has DOOR which is exactly like a 2 bedroom condo! Modern Kitchen with Quartz countertop and centre island! Walk to park, public transit, supermarkets, plazas, schools, banks, cafe, restaurants and minutes to Markham City Centre! *close to 407, 404, Go Train, Viva...... * 24 hour security system, fitness centre, Indoor pool, games room, library, party room.....
Facts on the listing
| Square feet | 700-799 |
|---|---|
| Style | Apartment |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Monthly fee | $425 |
| Property tax | $2,600 |
| Tax year | 2026 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | East |
| Fee includes | Parking Included, CAC Included |
| Building amenities | Concierge, Exercise Room, Gym, Indoor Pool, Party Room/Meeting Room, Visitor Parking |
| Balcony | Enclosed |
| Laundry | In-Suite Laundry |
| Interior features | Built-In Oven, Carpet Free |
| Features | Electric Car Charger, Library, Park, Public Transit, Rec./Commun.Centre, School Bus Route |
| Floor | 7 |
Listing courtesy of HOMELIFE GOLD PACIFIC REALTY INC.. MLS® N13140136.
About this condo apartment
38 Water Walk Drive 731 is a 2 bedroom condo apartment in TRREB's Unionville community in Markham, listed for sale at $614,900. The listing shows 2 bathrooms and 700-799 square feet. It comes with 1 parking space and a locker (owned) according to the listing. The garage is listed as underground. The nearest main intersection given is Birchmount Rd. and Highway 7.
These details come from the listing brokerage through TRREB's MLS® System and are not guaranteed. Measurements, parking and what is included should be checked at a showing, against the status certificate and in the agreement of purchase and sale.
Building amenities on the listing: concierge, exercise room, gym, indoor pool, party room/meeting room and visitor parking.
What it costs to buy 38 Water Walk Drive 731
At the asking price of $614,900, a buyer in Markham pays Ontario land transfer tax on closing. The City of Toronto is the Ontario municipality that charges a municipal land transfer tax of its own, so there is no second tax here.
| Asking price | $614,900 |
|---|---|
| Ontario land transfer tax | $8,773 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $36,490 |
The down payment figure is the federal minimum: 5 percent of the first $500,000 and 10 percent of the rest. A lender can ask for more. These figures use the asking price, so they change if you pay more or less. The tax is worked out at the published rates for a home with one or two single family residences and your lawyer confirms the final amount. Legal fees, title insurance and adjustments are extra: our closing costs guide lists them. This is general information, not legal or tax advice. Confirm the figures with a lawyer or accountant. You can change the price in our land transfer tax calculator and our mortgage calculator.
What it costs to own each month
| Maintenance fee | $425 a month |
|---|---|
| Property tax (2026) | $2,600 a year, about $217 a month |
| Fee and tax together | about $642 a month |
The listing says the fee includes parking and cac. That is before a mortgage payment, home insurance and any utilities the fee does not cover. A condo corporation sets its fees in each year's budget, so the amount can change. The status certificate shows the current fee, the budget behind it and the reserve fund.
How the asking price compares
TRREB's Market Watch recorded 55 condo apartment sales in Markham in September 2026, at a median of $535,000 and an average of $574,612. This home is listed at $614,900, which is $79,900 above that median.
A city-wide median covers every size, age and neighbourhood, so it is a reference point and not a valuation of this home. Size, floor, parking, condition and the building's finances all move the price. Our September 2026 market report and our Markham house prices page have the figures for each home type.
What to check before you make an offer
- Order the status certificate. An Ontario condo corporation must give one within 10 days of receiving the request and the fee, which is capped at $100. It shows the common expenses for this unit, any arrears, the budget, the reserve fund and any legal actions. Our guide explains what a status certificate tells you.
- Have a lawyer read it. The certificate comes with the declaration, by-laws and rules. Ask what they say about pets, renting the unit and renovations. The listing gives pets as "Yes-with Restrictions".
- Confirm the parking and locker. The listing shows 1 parking space and a locker (owned). Ask whether each is owned, exclusive use or rented. Get the unit numbers too.
- Get your financing in writing. A lender looks at the property tax and the monthly fee as well as the price.
- See it in person. photos do not show noise, light at different hours or the condition of the hallways and elevators.
Our page on buying a home in Markham sets out the steps in order. This is general information, not legal advice. Confirm the details with a lawyer.
About Unionville
A nineteenth century main street with a GO station at the end of it. Unionville is the neighbourhood most people picture when they picture Markham and its houses carry a premium to match.
Transit: Unionville GO on the Stouffville line, YRT and Viva routes on Highway 7
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $736,500 | 110 sales, average $960,767 |
| Detached | About $1,654,000 | 26 sales, average about $1,689,000 |
| Freehold townhouse (TRREB att/row/townhouse) | About $1,464,000 | 6 sales, average about $1,437,000 |
| Condo townhouse | About $840,000 | 14 sales, average about $924,000 |
| Condo apartment | About $580,000 | 63 sales, average about $628,000 |
Figures from TRREB's community housing market report, as listed in our Unionville guide.
Questions about Unionville
Can you walk to the GO train from most of Unionville?
From the streets closest to Main Street and the Highway 7 corridor, yes. From the northern and eastern edges it is a short drive or a bus connection. Check the specific address before you count on walking.
What kind of homes are on Main Street itself?
Mostly nineteenth and early twentieth century houses, some converted to shops and restaurants. They rarely come up for sale, they often carry heritage considerations and they attract a very particular buyer.
Is Unionville a good place to buy a first home?
It can be, but usually as a condo or an older townhome rather than a house. If your budget is stretched, neighbouring Wismer or Greensborough will buy you more square footage for the same money.
How is parking and traffic around Main Street?
Main Street is busy on summer weekends and during festivals. Residents on the immediate side streets deal with overflow parking several times a year. It is a real trade-off and worth driving on a Saturday before you commit.
Does Unionville flood?
Parts of the area sit near the Rouge tributaries and Toogood Pond. Low lying lots and older basements deserve a close look. Ask for the insurance history and have the grading assessed.
Read the Unionville neighbourhood guide · All Unionville homes for sale
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Questions about 38 Water Walk Drive 731
How much is land transfer tax on 38 Water Walk Drive 731?
At the asking price of $614,900 the Ontario land transfer tax is $8,773. Markham has no municipal land transfer tax. A first-time buyer who qualifies can get up to $4,000 back. Confirm the final figure with your lawyer.
What is the minimum down payment for 38 Water Walk Drive 731?
$36,490 at the asking price of $614,900, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 38 Water Walk Drive 731?
The listing shows $425 a month, including parking and cac. Check the current fee in the status certificate.
How much is the property tax on 38 Water Walk Drive 731?
The listing shows $2,600 a year for 2026, about $217 a month.
Is 38 Water Walk Drive 731 priced above or below the Markham median?
It is listed at $614,900. TRREB's September 2026 median for condo apartment sales in Markham was $535,000 across 55 sales, so the asking price is $79,900 higher. The median covers every size and neighbourhood.
How do I book a showing for 38 Water Walk Drive 731?
Use the form on this page or call us. Quote MLS® N13140136. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 38 Water Walk Drive 731 still for sale?
This page is refreshed from TRREB's MLS® System through the day. If the listing sells or is withdrawn the page says so. Contact us to confirm before you make plans.
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