7340 Markham Road 307: condo apartment for sale

$488,800

2 bedrooms, 1 bathroom, Condo Apartment · Middlefield · Markham · near Markham Rd/Dension

About this condo apartment

7340 Markham Road 307 is a 2 bedroom condo apartment in TRREB's Middlefield community in Markham, listed for sale at $488,800. The listing shows 1 bathroom and 1200-1399 square feet. It comes with 1 parking space and a locker (owned) according to the listing. The garage is listed as surface. The nearest main intersection given is Markham Rd/Dension. The approximate age on the listing is 16-30 years.

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: elevator, party room/meeting room and visitor parking.

What it costs to buy 7340 Markham Road 307

At the asking price of $488,800, 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.

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

The listing says the fee includes heat, water, building insurance, parking and common elements. 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 $488,800, which is $46,200 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

1. 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.
2. 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".
3. 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.
4. Get your financing in writing. A lender looks at the property tax and the monthly fee as well as the price.
5. See it in person. The listing has a virtual tour, but 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.