MLS® listing
38 Simcoe Promenade 407: condo apartment for sale
$499,000
From the listing brokerage
Welcome to Gallery Square, one of Downtown Markham's most sought-after newer communities. This spacious 1 Bedroom + Den, 2 Bathroom suite offers modern urban living in the heart of Markham's vibrant downtown core. Located just steps from Downtown Markham, residents enjoy a highly walkable lifestyle with immediate access to shopping, dining, entertainment, fitness facilities, grocery stores, banks, and everyday conveniences. Enjoy movie nights at Cineplex VIP, workouts at GoodLife Fitness, and a growing collection of retail and dining options right at your doorstep. Gallery Square itself is part of a master-planned mixed-use community featuring retail, public gathering spaces, and an art-inspired central piazza. Commuters will appreciate the close proximity to Unionville GO Station, providing convenient access to downtown Toronto, while Highways 404 and 407 are only minutes away for seamless travel throughout the GTA. The location is also well served by York Region Transit. Just a short drive or leisurely stroll away is the charming historic district of Main Street Unionville, known for its picturesque streetscape, boutique shops, cafés, patios, parks, and year-round community events. Residents can enjoy local favourites such as NextDoor Restaurant along with many other popular dining destinations throughout Unionville. Main Street Unionville is widely recognized as one of Markham's premier destinations for dining, entertainment, and weekend strolls. Nearby amenities include Markham YMCA, York University Markham Campus, CF Markville, First Markham Place, parks, trails, top-rated schools, and a variety of multicultural dining options that make Markham one of the GTA's most desirable communities. Experience the perfect blend of modern condo living, transit convenience, and vibrant community lifestyle at Gallery Square.
Facts on the listing
| Square feet | 600-699 |
|---|---|
| Style | Apartment |
| Parking spaces | 1 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Monthly fee | $464 |
| Property tax | $2,562 |
| Tax year | 2025 |
| Locker | Owned |
| Pets | Yes-with Restrictions |
| Exposure | South |
| Fee includes | Heat Included, Common Elements Included, Building Insurance Included, Parking Included, Water Included |
| Building amenities | Concierge, Gym, Game Room, Party Room/Meeting Room, Tennis Court, Visitor Parking |
| Balcony | Open |
| Laundry | In-Suite Laundry |
| Parking | None, Underground |
| Interior features | Built-In Oven, Carpet Free, Countertop Range |
| Features | Park, Public Transit, School |
| View | Trees/Woods, City |
| Floor | 4 |
Listing courtesy of TRUSTWELL REALTY INC.. MLS® N13490934.
About this condo apartment
38 Simcoe Promenade 407 is a 2 bedroom condo apartment in TRREB's Unionville community in Markham, listed for sale at $499,000. The listing shows 2 bathrooms and 600-699 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/Enterprise.
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, gym, game room, party room/meeting room, tennis court and visitor parking.
What it costs to buy 38 Simcoe Promenade 407
At the asking price of $499,000, 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 | $499,000 |
|---|---|
| Ontario land transfer tax | $6,455 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $24,950 |
The down payment figure is the federal minimum: 5 percent of the price. 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 | $464 a month |
|---|---|
| Property tax (2025) | $2,562 a year, about $214 a month |
| Fee and tax together | about $678 a month |
The listing says the fee includes heat, common elements, building insurance, parking and water. 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 $499,000, which is $36,000 below 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 Simcoe Promenade 407
How much is land transfer tax on 38 Simcoe Promenade 407?
At the asking price of $499,000 the Ontario land transfer tax is $6,455. 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 Simcoe Promenade 407?
$24,950 at the asking price of $499,000, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 38 Simcoe Promenade 407?
The listing shows $464 a month, including heat, common elements, building insurance, parking and water. Check the current fee in the status certificate.
How much is the property tax on 38 Simcoe Promenade 407?
The listing shows $2,562 a year for 2025, about $214 a month.
Is 38 Simcoe Promenade 407 priced above or below the Markham median?
It is listed at $499,000. TRREB's September 2026 median for condo apartment sales in Markham was $535,000 across 55 sales, so the asking price is $36,000 lower. The median covers every size and neighbourhood.
How do I book a showing for 38 Simcoe Promenade 407?
Use the form on this page or call us. Quote MLS® N13490934. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 38 Simcoe Promenade 407 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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