MLS® listing
118 Wales Avenue 3: condo townhouse for sale
$499,888
From the listing brokerage
**A Wonderful Opportunity to Own in Prestigious Markham Village!**Why pay rent when you can own your own home? Welcome to this charming **3-bedroom, 2-bathroom condo townhouse** in the highly desirable **Markham Village** community-an excellent opportunity for first-time buyers, young families, or anyone looking to enter the Markham real estate market. Offering **three generous-sized bedrooms**, a comfortable main-floor living room, functional kitchen, and a **cozy recreation room in the basement**, this home provides the space and flexibility a growing family needs. Step outside to your **private backyard with patio**, a rare and highly desirable feature that gives you your own outdoor space to relax, entertain, or enjoy a morning coffee. This is more than just a condo-it offers the **space, privacy and outdoor enjoyment of a townhouse**, making it an attractive alternative to a condo apartment. Just move in and make it your own! The location is truly exceptional. Enjoy the convenience of being **within walking distance to the GO Train station, grocery stores, plazas, restaurants and everyday amenities**, with **Markham Stouffville Hospital, Markville Shopping Centre and numerous other services just minutes away by car**. Excellent access to transportation, schools, parks, and everything Markham has to offer.**An ideal opportunity for a small family to stop renting and take the first step toward owning real estate in one of Markham's established and sought-after communities.****Own your home. Enjoy your space. Build your future in Markham Village!**
Facts on the listing
| Square feet | 1000-1199 |
|---|---|
| Style | 2-Storey |
| Basement | Finished |
| Parking spaces | 1 |
| Garage | Carport |
| Heating | Baseboard |
| Kitchens | 1 |
| Monthly fee | $499 |
| Property tax | $2,051 |
| Tax year | 2026 |
| Locker | None |
| Pets | Yes-with Restrictions |
| Exposure | West |
| Fee includes | Common Elements Included, Parking Included, Building Insurance Included |
| Balcony | None |
| Laundry | In Basement |
| Interior features | Water Heater |
| Floor | 1 |
Listing courtesy of RE/MAX CROSSROADS REALTY INC.. MLS® N13875166.
About this condo townhouse
118 Wales Avenue 3 is a 3 bedroom condo townhouse in TRREB's Old Markham Village community in Markham, listed for sale at $499,888. The listing shows 2 bathrooms and 1000-1199 square feet. It comes with 1 parking space according to the listing. The garage is listed as carport. The nearest main intersection given is 16th Ave. & Main St..
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 118 Wales Avenue 3
At the asking price of $499,888, 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 | $499,888 |
|---|---|
| Ontario land transfer tax | $6,473 |
| First-time buyer refund, if you qualify | up to $4,000 |
| Minimum down payment | $24,994 |
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 | $499 a month |
|---|---|
| Property tax (2026) | $2,051 a year, about $171 a month |
| Fee and tax together | about $670 a month |
The listing says the fee includes common elements, parking and building insurance. 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 23 condo townhouse sales in Markham in September 2026, at a median of $735,000 and an average of $829,470. This home is listed at $499,888, which is $235,112 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. 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 Markham Village
The original Markham. A working main street, deep lots and housing stock that spans well over a century, all within a short walk of a GO station.
Transit: Markham GO on the Stouffville line, YRT routes on Highway 7 and Markham Road
| Property type | Median | Sales and average |
|---|---|---|
| All property types | $1,209,000 | 26 sales, average $1,229,034 |
| Detached | About $1,265,000 | 22 sales, average about $1,311,000 |
| Condo townhouse | About $749,000 | 4 sales, average about $780,000 |
Figures from TRREB's community housing market report, as listed in our Markham Village guide.
Questions about Markham Village
How is Markham Village different from Unionville?
Both have a historic main street, but Markham Village is less of a tourist destination and the housing stock is more varied. Lots are often deeper, detached homes have traded lower and the streets are quieter on weekends. From January to March 2026 the detached median was about $1,265,000 in Markham Village and about $1,654,000 in Unionville (TRREB).
Are the lots really bigger here?
In much of the older core, yes. Frontages and depths from the 1960s and 1970s tend to beat what newer north Markham subdivisions offer, which is why rebuilders keep looking here.
What should I watch for in the older houses?
Knob and tube wiring, galvanised or older copper plumbing, aluminium wiring in some 1970s builds and original windows. None of these are deal breakers but they belong in your budget.
Is it walkable to the GO station?
From a good portion of the older core, yes. From the newer pockets north and east it is a drive or a bus. Always check the specific address.
Is this a good area for a first purchase?
It can be. Townhomes and smaller bungalows are the usual starting point and the location is central. From January to March 2026 the condo townhouse median here was about $749,000 on 4 sales (TRREB), so check current listings rather than relying on a small sample.
Read the Markham Village neighbourhood guide · All Markham Village homes for sale
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Questions about 118 Wales Avenue 3
How much is land transfer tax on 118 Wales Avenue 3?
At the asking price of $499,888 the Ontario land transfer tax is $6,473. 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 118 Wales Avenue 3?
$24,994 at the asking price of $499,888, under the federal minimum down payment rules. A lender may require more.
What is the maintenance fee at 118 Wales Avenue 3?
The listing shows $499 a month, including common elements, parking and building insurance. Check the current fee in the status certificate.
How much is the property tax on 118 Wales Avenue 3?
The listing shows $2,051 a year for 2026, about $171 a month.
Is 118 Wales Avenue 3 priced above or below the Markham median?
It is listed at $499,888. TRREB's September 2026 median for condo townhouse sales in Markham was $735,000 across 23 sales, so the asking price is $235,112 lower. The median covers every size and neighbourhood.
How do I book a showing for 118 Wales Avenue 3?
Use the form on this page or call us. Quote MLS® N13875166. We will confirm the listing is still available and arrange a time with the listing brokerage.
Is 118 Wales Avenue 3 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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