MLS® listing
7325 Markham Road 504: condo apartment for sale
$699,990
From the listing brokerage
This home provides the perfect blend of comfort and convenience in this bright and spacious 2-bedroom plus enclosed den, 2-bathroom suite offering over 1,000 sq. ft. of functional living space. Located on the 5th floor, this well-maintained unit features a smart layout with no wasted space and an abundance of natural light throughout. The fully enclosed den offers incredible flexibility and can easily function as a third bedroom, home office, or guest space. The open-concept living and dining area flows seamlessly into a modern kitchen complete with granite countertops, backsplash, and stainless steel appliances. Laminate flooring runs throughout the unit with no carpet, creating a clean and cohesive feel. Step out onto your open north-facing balcony and enjoy unobstructed views, adding to the sense of space and privacy. This unit also includes the rare convenience of two parking spots, one underground and one surface, along with a locker for additional storage. Situated in a well-managed green building known for its energy efficiency, residents benefit from lower-than-average maintenance fees without compromising on space or comfort. Ideally located near Markham and Denison, with easy access to Highway 407, public transit, schools, library, shopping, and everyday essentials. An excellent opportunity for first-time buyers, downsizers, or anyone looking for a spacious and affordable option in a prime Markham location.
Facts on the listing
| Square feet | 1000-1199 |
|---|---|
| Approximate age | 6-10 |
| Style | Apartment |
| Parking spaces | 2 |
| Garage | Underground |
| Heating | Forced Air |
| Cooling | Central Air |
| Kitchens | 1 |
| Monthly fee | $314 |
| Property tax | $2,543 |
| Tax year | 2026 |
| Locker | Ensuite |
| Pets | Yes-with Restrictions |
| Exposure | North |
| Fee includes | Common Elements Included, Building Insurance Included, Parking Included |
| Balcony | Open |
| Laundry | Ensuite |
| Parking | Surface |
| Interior features | Carpet Free |
| Features | Clear View, Hospital, Library, Place Of Worship, Public Transit, Rec./Commun.Centre |
| Floor | 5 |
Listing courtesy of RE/MAX MILLENNIUM REAL ESTATE. MLS® N13809282.
About this condo apartment
7325 Markham Road 504 is a 3 bedroom condo apartment in TRREB's Cedarwood community in Markham, listed for sale at $699,990. The listing shows 2 bathrooms and 1000-1199 square feet. It comes with 2 parking spaces and a locker (ensuite) according to the listing. The garage is listed as underground. The nearest main intersection given is Markham Rd/Dension. The approximate age on the listing is 6-10 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.
What it costs to buy 7325 Markham Road 504
At the asking price of $699,990, 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 | $699,990 |
|---|---|
| Ontario land transfer tax | $10,475 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $44,999 |
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 | $314 a month |
|---|---|
| Property tax (2026) | $2,543 a year, about $212 a month |
| Fee and tax together | about $526 a month |
The listing says the fee includes common elements, building insurance and parking. 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 $699,990, which is $164,990 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 2 parking spaces and a locker (ensuite). 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.
Markham homes and neighbourhoods
This site covers Markham neighbourhood by neighbourhood, with TRREB prices, housing and transit for each one. The search also lists homes in the cities around Markham.
Markham neighbourhood guides · Markham house prices · All Markham homes for sale
Similar homes for sale in Markham
$828,88033 Clegg Road D108, Markham, ON L6G 0G63 bedrooms · 3 bathrooms · Condo ApartmentListed by EXP REALTY. MLS® N13784036
$699,00012 Gandhi Lane 1606, Markham, ON L3T 0G83 bedrooms · 2 bathrooms · Condo ApartmentListed by HOMELIFE FRONTIER REALTY INC.. MLS® N13682066
$1,259,0008 Water Walk Drive 2701, Markham, ON L3R 6L43 bedrooms · 4 bathrooms · Condo ApartmentListed by T-ONE GROUP REALTY INC.,. MLS® N13865260
$619,9008111 Yonge Street 206, Markham, ON L3T 4V93 bedrooms · 2 bathrooms · Condo ApartmentListed by REALTY EXECUTIVES GROUP LTD.. MLS® N13781376
$1,050,00015 Water Walk Drive RG07, Markham, ON L6G 0G23 bedrooms · 2 bathrooms · Condo ApartmentListed by CENTURY 21 KING`S QUAY REAL ESTATE INC.. MLS® N13717710
$458,00080 Inverlochy Boulevard 504, Markham, ON L3T 4P33 bedrooms · 2 bathrooms · Condo ApartmentListed by RE/MAX REALTRON REALTY INC.. MLS® N13745618
Questions about 7325 Markham Road 504
How much is land transfer tax on 7325 Markham Road 504?
At the asking price of $699,990 the Ontario land transfer tax is $10,475. 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 7325 Markham Road 504?
$44,999 at the asking price of $699,990, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 7325 Markham Road 504?
The listing shows $314 a month, including common elements, building insurance and parking. Check the current fee in the status certificate.
How much is the property tax on 7325 Markham Road 504?
The listing shows $2,543 a year for 2026, about $212 a month.
Is 7325 Markham Road 504 priced above or below the Markham median?
It is listed at $699,990. TRREB's September 2026 median for condo apartment sales in Markham was $535,000 across 55 sales, so the asking price is $164,990 higher. The median covers every size and neighbourhood.
How do I book a showing for 7325 Markham Road 504?
Use the form on this page or call us. Quote MLS® N13809282. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 7325 Markham Road 504 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.
The listing data is provided under copyright by the Toronto Regional Real Estate Board (TRREB). The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose. The data is deemed reliable but is not guaranteed accurate by TRREB or PropTx. Each listing shows the brokerage that listed it. Listings are updated every few minutes.
REALTOR®, REALTORS® and the REALTOR® logo are certification marks owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). MLS®, Multiple Listing Service® and the associated logos are trademarks owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.