$1,000,000

For sale

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102 Madsen Crescent, Markham (Markville) - Single Family for Sale

102 Madsen Crescent, Markham (Markville), Ontario, L3R4P3

5 beds3 baths5 parking ft²

93 Soho Crescent, Markham (Markville), Ontario, L3P7H3

6 bd4 ba6 pk2,750 ft²Lot size 45 × 142 ft (6,413 sq ft)

Listed by ROYAL LEPAGE SIGNATURE REALTY

12 Bellside Drive, Markham (Markville), Ontario, L3P7B8

For sale

28 days ago

$1.59M

12 Bellside Drive, Markham (Markville), Ontario, L3P7B8

4 bd4 ba7 pk2,750 ft²Lot size 52 × 120 ft (6,240 sq ft)

Listed by HOMELIFE NEW WORLD REALTY INC.

622 Carlton Road, Markham (Markville), Ontario, L3P7R6

For salePrice drop

47 days ago

$1.68M$1.75M

↓ $70K (4%) price drop

622 Carlton Road, Markham (Markville), Ontario, L3P7R6

6 bd6 ba5 pk2,750 ft²Lot size 45 × 164 ft (7,441 sq ft)

Listed by POWER 7 REALTY

Investment analysis

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$1,000,000

Markham

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Overview

This 5-bedroom, 3-bathroom home in Markham is for sale offering roughly 1,750 sq ft of space. Listed at $1,000,000, it is attractively priced about 37% below the $1,590,000 median asking price in Markham. It has been on the market 25 days, fresher than the Markham average of 39 days.

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Description

Cozy Renovated 3+2 Bedrms Family Home In High Demand Mccowan/Hwy 7 Area. Over 1500 Sqft Of Above Grade, 30'x109' Lot, Laminate Floor On Main & Basement, Hardwood Flr & Smooth Ceiling On 2nd Level, Newly Renovated 4 Pc Bathroom On 2nd Floor. Freshly Paint. Finished Basement Adds Exceptional Flexibility With Two Additional Bedrooms, A 3-Piece Bathroom, Long Driveway W/No Sidewalk, Could Park 4 Cars! Close To Markville Mall, Go Train Station, Buses & Supermarket, Mins. To Hwy 407, Central Park & Top Ranking Markville Secondary School. ** This is a linked property.** (id:66096)

Property Details

MLS®: N13884962
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 3
Half Baths: 1
Parking: 5
Interior Size: 1,750 ft²
Lot Size: 30 × 110 ft (3,308 sq ft)
Frontage: 30 ft
Storeys: 2
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $5,029.47/yr
Listed: 25 days ago

Rooms

Ground level

Dining room: 7.15 x 3.26 meters
Family room: 4.07 x 3.46 meters
Kitchen: 3.4 x 3.28 meters

Second level

Primary Bedroom: 4.45 x 3.5 meters
Bedroom 2: 3.54 x 2.97 meters
Bedroom 3: 3.35 x 3.25 meters

Basement

Bedroom: 3.05 x 3.8 meters
Bedroom: 3.3 x 3.8 meters
Recreational, Games room: 3.05 x 4.75 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Market Timing

Days on market

25d

Markham (Markville) listings, avg age

39d

Price / ft²

$571

List price

$1M

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Area context

Neighbourhood profile (L3R)

This home lists at $1,000,000, about 10.8× the local median household income of $93,000.

Carrying it typically needs a household income of about $195,335 (20% down, 25-yr amortization, stress-tested) — roughly 110% above the area median.

Median household income: $93,000
Population: 62,060
Median age: 46.4
Owner / renter: 83% / 17%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L3R)

$1,000,000· $571/ft²

For sale

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Full Cost Breakdown

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Down Payment7.50% · $75,000

Min 7.50%50%

Mortgage payment$5,128/mo

↳ CMHC premium ($37,000 capitalized)

Property tax (est.)$419/mo

Total monthly$5,547

Cash Needed to Close

Down payment (7.50%)$75,000

Land transfer tax$16,475

Est. closing costs$5,500

Total cash needed$96,975

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102 Madsen Crescent, Markham (Markville) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (L3R)

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Full Cost Breakdown