Homes for Sale in Markham: Condo vs Detached vs Townhouse Comparison

When it comes to buying a home in Markham, one of the fastest-growing cities in the Greater Toronto Area (GTA), buyers are spoiled for choice. From sleek high-rise condos t

o spacious detached homes and family-friendly townhouses, the city offers a wide range of housing options to suit every lifestyle and budget. But which type of property is the best fit for you? Let’s break down the differences between condos, detached homes, and townhouses to help you make an informed decision in 2025.

Condos in Markham

Condos are a popular option for first-time buyers, young professionals, and investors.

Pros:

• More affordable entry point compared to detached and townhouse options.

• Low-maintenance living exterior upkeep, landscaping, and amenities are typically covered.

• Often located in central or transit-friendly areas like Downtown Markham and near Unionville GO Station.

• Access to amenities like gyms, pools, and party rooms.

Cons:

• Monthly maintenance (HOA) fees can add up over time.

• Limited space and storage compared to freehold homes.

• Less privacy than detached or townhouse options.

Ideal For: Busy professionals, first-time buyers, and investors seeking rental opportunities.

Detached Homes in Markham

Detached homes are the dream for many buyers especially families looking for room to grow.

Pros:

• Maximum privacy with no shared walls.

• Larger lot sizes, backyards, and parking space.

• Greater freedom to renovate, customize, and expand.

• Strong long-term appreciation potential.

Cons:

• Higher upfront cost and property taxes.

• Ongoing maintenance and repair responsibilities.

• Located in suburban areas that may require more commuting.

Ideal For: Families, upsizers, and long-term buyers looking for stability and equity growth.

Townhouses in Markham

Townhouses offer a middle ground between condos and detached homes.

Pros:

• More affordable than detached homes while offering more space than condos.

• Some have small yards or garages, making them family-friendly.

• Lower maintenance than detached homes, especially if part of a managed community.

• Often located in desirable neighborhoods like Cornell, Wismer, and Greensborough.

Cons:

• May have monthly maintenance fees if part of a condo-town development.

• Less privacy compared to detached homes due to shared walls.

• Limited lot size and outdoor space.

Ideal For: Young families, downsizers, or buyers looking for value without the full upkeep of a detached property.

Key Considerations in 2025

When deciding between condos, detached homes, and townhouses in Markham, consider:

• Budget & Price per Square Foot: Detached homes command the highest price, while condos remain the most budget-friendly.

• HOA/Maintenance Fees: Factor in monthly condo or townhouse fees, which impact your total cost of ownership.

• Lifestyle Needs: Consider your commute, family size, and desired amenities.

• Appreciation Potential: Detached homes historically see the strongest appreciation, but well-located condos and townhouses can also deliver solid returns.

Final Thoughts

Markham’s housing market offers something for everyone. If you want a lock-and-leave lifestyle with modern amenities, a condo might be the right fit. If space, privacy, and long-term growth are your priorities, a detached home may be worth the investment. And if you’re seeking a balance of affordability and space, townhouses provide a smart middle ground.

Before making your decision, consider working with a local real estate expert who understands Markham’s neighborhoods and market trends. The right guidance can help you secure the property that best matches your goals in 2025.