$950,000

$988,000For salePrice drop↓ $38,000 (4%)

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16 Victor Herbert Way, Markham (Cathedraltown) - Single Family for Sale

16 Victor Herbert Way, Markham (Cathedraltown), Ontario, L6C0N6

3 beds3 baths parking

#235 101 Cathedral High Street, Markham (Cathedraltown), Ontario, L6C3L8

2 bd1 ba1 pk850 ft²+$736/mo

Listed by ROYAL LEPAGE CITIZEN REALTY

45 Anthony Roman Avenue, Markham (Cathedraltown), Ontario, L6C0P3

For sale

19 days ago

$1.09M

45 Anthony Roman Avenue, Markham (Cathedraltown), Ontario, L6C0P3

4 bd5 ba2 pk2,250 ft²+$162/mo

Listed by TIMSOLD REALTY INC.

73 Cathedral High Street, Markham (Cathedraltown), Ontario, L6C0P1

For sale

55 days ago

$1.15M

73 Cathedral High Street, Markham (Cathedraltown), Ontario, L6C0P1

3 bd4 ba2 pk2,250 ft²+$162/mo

Listed by WORLD CLASS REALTY POINT

#329 101 Cathedral High Street, Markham (Cathedraltown), Ontario, L6C3L8

For sale

82 days ago

$679K

#329 101 Cathedral High Street, Markham (Cathedraltown), Ontario, L6C3L8

2 bd2 ba1 pk850 ft²+$893/mo

Listed by HARVEY KALLES REAL ESTATE LTD.

Investment analysis

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$950,000

Markham

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Description

Luxury Monarch Built Corner Unit*2429Sf Of Modish Living Space With $90K High-End Upgrds: Hardwood Floors, Oak Stairs W/Wrought Iron Pickets, Caesarstone Cntop/Glass Tile Bksplsh, Premium S/S Appliances & B/I Microwave/O,B/I Glass Cabnts . Wall Mounted Tv/Home Theatre In Family Rm, Living Room With 13' feet Ceiling & Modern Chandelier, Over 40 Potlites, Luxury Custom Ensuites, Custom Chute For Laundry Trspt From Upper To Lower Level, Mudroom W/Custom Closets/Cabinetry/Bench. Hot Water Tank is Owned; (id:66096)

Property Details

MLS®: N13824494
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 3 above · 0 below
Bathrooms: 3
Half Baths: 1
Parking: 2
Interior Size: 2,375 ft²
Style: Multi-level
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Fireplace: Yes
Condo Fee: $240/mo
Fee Includes: Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $5,280/yr
Listed: 41 days ago

Rooms

Main level

Living room: 6 x 3.43 meters
Dining room: 4.34 x 3.05 meters
Kitchen: 3.96 x 3 meters
Eating area: 3.66 x 2.19 meters

Lower level

Family room: 5.31 x 5.18 meters

Upper Level

Primary Bedroom: 4.88 x 3.56 meters
Bedroom 2: 4.4 x 2.67 meters
Bedroom 3: 4.11 x 2.44 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

41d

Markham (Cathedraltown) listings, avg age

79d

Price / ft²

$400

List price

$950K

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 (L6C)

This home lists at $950,000, about 8.1× the local median household income of $118,000.

Carrying it typically needs a household income of about $185,568 (20% down, 25-yr amortization, stress-tested) — roughly 57% above the area median.

Median household income: $118,000
Population: 51,738
Median age: 41.2
Owner / renter: 86% / 14%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L6C)

$950,000· $400/ft²

For sale

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Full Cost Breakdown

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Down Payment7.37% · $70,000

Min 7.37%50%

Mortgage payment$4,879/mo

↳ CMHC premium ($35,200 capitalized)

Property tax (est.)$440/mo

Condo fee$240/mo

Total monthly$5,559

Cash Needed to Close

Down payment (7.37%)$70,000

Land transfer tax$15,475

Est. closing costs$5,350

Total cash needed$90,825

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

16 Victor Herbert Way, Markham (Cathedraltown) - Single Family for Sale

Rental cashflow calculator

Description

Property Details

Rooms

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (L6C)

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