$1,299,000

For sale

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269 Main Street North, Markham (Old Markham Village) - Multi-family for Sale

269 Main Street North, Markham (Old Markham Village), Ontario, L3P1Y6

6 beds4 baths6 parking ft²

57 Joseph Street South, Markham (Old Markham Village), Ontario, L3P2N4

5 bd5 ba11 pk

Listed by REMAX YOUR COMMUNITY REALTY

Investment analysis

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$1,299,000

Markham

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Overview

This multi-family property in Markham is for sale offering roughly 1,750 sq ft of space. It has been on the market 75 days, fresher than the Markham average of 103 days.

Multi-Family Properties for Sale in Markham →All real estate in Markham →

Description

Great investment property. Main St Markhm Close To Go Station And Downtown Markham. 4 Appartments-Loft Is 1 Bdrm Over 2 Levels, Sloped Ceiling, Skylight Upg Windows Rented For $1180/Mo; Front Apt Is 1 Bdrm Wood Floors Large Kit Repainted Upgraded Bath Rented For $1642.8/Mo; Main Apt 2Bdrm Over 2 Levels Laminate And Carpet W/Access To Bsmnt Rented For $2002.87/Mo; Bsmnt Bachelor Apt W/Above Grade Windows, W/Custom Cabinets Rented For $994.2/Mo. seperate hydro meter. property sold "as is" (id:66096)

Property Details

MLS®: N13702342
Property Type: Multi-family
Bedrooms: 6
Beds (above / below): 5 above · 1 below
Bathrooms: 4
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 66 × 132 ft (8,712 sq ft)
Frontage: 66 ft
Storeys: 2
Basement: Apartment in basement, N/A
Heating: Heat Pump, Forced air, Natural gas
Cooling: Central air conditioning, Window air conditioner
Garage: No Garage
Property Tax: $6,287.3/yr
Listed: 75 days ago

Market Timing

Days on market

75d

Markham (Old Markham Village) listings, avg age

103d

Price / ft²

$742

List price

$1.30M

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 (L3P)

This home lists at $1,299,000, about 11.3× the local median household income of $115,000.

Carrying it typically needs a household income of about $253,740 (20% down, 25-yr amortization, stress-tested) — roughly 121% above the area median.

Median household income: $115,000
Population: 37,336
Median age: 47.2
Owner / renter: 85% / 15%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L3P)

$1,299,000· $742/ft²

For sale

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Full Cost Breakdown

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Down Payment8.08% · $104,900

Min 8.08%50%

Mortgage payment$6,620/mo

↳ CMHC premium ($47,764 capitalized)

Property tax (est.)$524/mo

Total monthly$7,144

Cash Needed to Close

Down payment (8.08%)$104,900

Land transfer tax$22,455

Est. closing costs$6,397

Total cash needed$133,752

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

269 Main Street North, Markham (Old Markham Village) - Multi-family for Sale

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Description

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Neighbourhood profile (L3P)

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