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New6 days ago

502 - 1 Royal Orchard Boulevard

Royal Orchard, Markham

$579,000

Condo Apartment |
3 | 2 | 1 | 1
About this home

Welcome to this beautifully maintained, west-facing corner suite in the heart of Olde Thornhill's forested Royal Orchard community. Bright, freshly painted and larger than most condos in the area, this 3-bedroom home offers neutral décor and a rare private wraparound L-shaped balcony of over 400 sq ft, ideal for morning coffee, entertaining or a container garden. The upgraded kitchen features glass-front upper cabinets, abundant drawers and counter space, a large pantry, upgraded lighting and newer stainless appliances, including a brand-new built-in dishwasher, 2-door fridge and nearly new electric stove. Brand-new Midea front-load washer and heat-pump dryer, plus a very large walk-in storage room/locker with extensive shelving beside the laundry and kitchen. A custom mirrored storage area in the living room adds even more space, and the primary bedroom offers his-and-hers closets and a 2-pc ensuite. Fully renovated 4-pc bath with Jacuzzi tub. Includes one of the building's most convenient underground parking spots, plus ample visitor parking. Steps to transit, with grocery, pharmacy, restaurants and shops a 5-minute walk away and great schools nearby. Enjoy the standalone Orchard Club, with an indoor pool, sauna, gym, tennis and basketball courts, rec room, woodworking shop and more, all included in the maintenance fees. Maintenance fees also cover heat, water, Rogers internet and cable TV, parking, common elements and building insurance (hydro approx. $37/month). This home is in perfect move-in condition. The last unit with the same layout sold very quickly, so don't miss out! A rare find. Please note: The unit is unfurnished. Some photos have been virtually staged using AI to show how the space could look.

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agent
Macallum Tepsich
(647) 326-2579
TypeCondo Apartment
StyleApartment
Approx. Age31-50
Size1000-1199 sq. ft.
Maintenance Fees$975
LockerEnsuite
BalconyOpen
ExposureNorth West
Parking TypeUnderground
Parking Spaces1
Parking FeaturesUnderground
Property Tax$2,319
mls© NumberN13835286
Listed ByCENTURY 21 HERITAGE GROUP LTD.
Water Included
Cable TV Included
Common Elements Included
Building Insurance Included
Parking Included
Hydro Included

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

Schools

Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$2,964
Property tax
$193
Heat allowance
$150
Condo fees, half counted
$488
Housing costs
$3,794 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $115,800
25-yr amortization

Income needed

$117,000

gross annual household income

Payment at 4%
$2,437 / mo
Cash down
$115,800

Assumes no other monthly debts · 25-yr amortization

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Investment Analysis

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