$534,900

For sale

#1007 7811 Yonge Street, Markham (Thornhill) - Single Family for Sale

#1007 7811 Yonge Street, Markham (Thornhill), Ontario, L3T4S3

1 bed1 bath1 parking$880/mo condo feeListed 127 days ago

Overview

This 1-bedroom, 1-bathroom condo in Markham is for sale. Its $534,900 asking price sits right in line with the $555,000 median in Markham.

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Description

'The Summit' Condominium - THE prestige condo building in prime Olde Thornhill Village, Thornhill/Markham. This bright 10th floor, 1 bedroom suite offers stunning south-west, city skyline views and a covered balcony for private outdoor enjoyment. The spacious primary bedroom is designed with comfort in mind. Large ensuite laundry. This well-managed, secure building features on-site management and top-tier amenities including an outdoor swimming pool, a gym, sauna, games room and bike storage. Healthy reserve fund. Maintenance fees include utilities, cable and internet. Additional building features include underground parking and ample visitor parking. Ideally located in the heart of Thornhill with easy access to Highways 401 and 407, walking trails, shops, cafes, restaurants, golf courses, parks, schools and public transit (future subway potential) (id:66096)

Property Details

MLS®: N13508800
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $880/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,912/yr
Listed: 127 days ago

Rooms

Flat

Living room: 6.94 x 3.34 meters
Dining room: 3.16 x 3.13 meters
Kitchen: 3.9 x 2.42 meters
Primary Bedroom: 5.4 x 4.09 meters
Laundry room: 3.24 x 1.6 meters

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

Features

Appliances: Washer, Refrigerator, Stove, Dryer
Flooring: Tile, Carpeted
Exterior: Brick
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

127d

Markham (Thornhill) listings, avg age

96d

List price

$535K

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.

Haho

This 1-bed single family in Markham (Thornhill) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD. · MARION LORRAINE CARCONE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $534,900, about 5.6× the local median household income of $95,000.

Carrying it typically needs a household income of about $104,485 (20% down, 25-yr amortization, stress-tested) — roughly 10% above the area median.

Median household income: $95,000
Population: 50,405
Median age: 47.2
Owner / renter: 76% / 24%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA L3T)

$534,900

For sale

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Full Cost Breakdown

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Down Payment5.33% · $28,490

Min 5.33%50%

Mortgage payment$2,808/mo

↳ CMHC premium ($20,256 capitalized)

Property tax (est.)$159/mo

Condo fee$880/mo

Total monthly$3,847

Cash Needed to Close

Down payment (5.33%)$28,490

Land transfer tax$7,173

Est. closing costs$4,105

Total cash needed$39,768

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