Was listed for:Terminated Apr 1, 2026
$529,999

50 Karachi Drive

Markham (Cedarwood), ON L3S 0B5

Common Element Condo TerminatedNot available
YORK REGION STANDARD exteriorYORK REGION STANDARDSee every listing here
Kim Karimi
Kim Karimi

Real Estate Broker

416-838-3031

Property not available for sale or for rent.

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Sale & Price History for 50 Karachi Drive, Markham, Cedarwood

2026-03-07
2026-04-01
Terminated
Price
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MLS#
n12858108

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About 50 Karachi Drive, Markham, Cedarwood

Summarized Description

  • Located in a prime commercial retail area.
  • High visibility in a busy plaza.
  • Multiple uses allowed including medical and personal services.
  • Currently leased, providing immediate income.
  • Surrounded by major retail stores and residential areas.
  • Easy access to major highways for convenience.

Prime commercial retail unit in a high-traffic plaza at Markham Rd & Denison St. Approx. 508 Sq. Ft. (as per builder's plan), main floor unit with excellent visibility and ample surface parking. Multiple permitted uses including medical (dental, walk-in clinic, pharmacy), personal services (salon, nail, medical spa), and professional office (lawyer, real estate, mortgage, accountant, etc.).Currently leased to a clothing store - great investment opportunity with existing tenant. Minutes to Hwy 407 & 401. Located in a rapidly growing corridor surrounded by established residential communities and major retail anchors including Costco, Home Depot, Staples, Royal Bank of Canada, Canadian Tire, Shoppers Drug Mart, and TD Bank.Excellent opportunity in a thriving commercial hub.

Key Facts & Features

Property Costs

Annual Property Tax Amount
$2,896
Land Transfer Tax Fee
$7,075

Condo/Maintenance Fee

Maintenance Fee
$217 /month

Included In Maintenance Fee

  • Common Elements Included
  • Parking Included
  • Water Included
  • None

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
None
Interior Extras
None
Fireplace/Stove
No
Elevator
No

Exterior Features

Balcony
None

Building

Building Type
Common Element Condo
Building Style
1 Storey/Apt
Building Name
YORK REGION STANDARD
Approx Age
6-10
Condo Corp Number
1172

Construction

Exposure
South
Exterior Finish
Brick, Brick Veneer
Special Designation
Unknown

Parking & Garages

Garage Type
None
Garage Spaces
0
Parking Type
Common
Parking Spaces
0
Total Garage And Parking Spaces
0

Lockers

Locker Type
None

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air

Washrooms
1

Washrooms

  • 2-piece, Flat

Municipality
Markham
Neighbourhood
Cedarwood
Main cross streets
MARKHAM RD & 14TH AVE
Directions
MARKHAM RD & 14TH AVE
Waterfront
None

MLS® number
N12858108
Data source
Toronto Regional Real Estate Board
Status change
2026-04-01
Listed on
2026-03-07
Days on market
25 days
Possession date
2026-06-01
Possession type
Flexible
Co-op commission
2%
Seller
Listed by
CENTURY 21 INNOVATIVE REALTY INC.

Home Market Value

Current home valuation for 50 Karachi Drive, Markham, Cedarwood, Markham, ON. Listed for $529,999

HOMEH Estimate

?

$426,250

Estimated Sales Range

?

$336,738 - $526,306

HOMEH Estimate for 50 Karachi Drive, Markham, Cedarwood

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$426,250Medium confidence
Based on 6 comparable properties
+ $103,749 (24%) above our estimate
See the full analysisFree Every recent nearby sale behind this number

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Markham, ON
Minimum Down Payment Required:5.3%

5% on first $500K + 10% on $29,999 over $500K

Minimum down payment

$28,000

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
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+CMHC insurance
$20,076$14,787$12,614$0
=Total mortgage
$521,985$491,786$463,113$423,999
Amortization
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%
Payment frequency
=Mortgage payment
$2,549monthly$2,401monthly$2,261monthly$2,070monthly
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Land Transfer Tax

Provincial

$7,075

Total Land Transfer Tax

$7,075

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