$508,000

For sale

#1008 325 South Park Road, Markham (Commerce Valley) - Single Family for Sale

#1008 325 South Park Road, Markham (Commerce Valley), Ontario, L3T0B8

2 beds1 bath1 parking650 ft²$518/mo condo feeListed 63 days ago

Overview

This 2-bedroom, 1-bathroom condo in Markham is for sale offering roughly 650 sq ft of space. Listed at $508,000, it is attractively priced about 20% below the $638,888 median asking price in Markham.

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Description

[MOTIVATED SELLER] Bright and spacious, high level 1+Den condo for sale at Luxurious Eden Park! This energy efficient building with excellent property management and friendly building staff makes this tight-knit community a great place to live. Pride of ownership, Seller kept this unit in perfect condition, move in ready, 9ft ceiling, open concept, South facing layout. Excellent Amenities: 24/7 Concierge, Indoor Pool, Large Gym, Theatre Room, Games Room, Library. Excellent location: Minutes Away From Yrt, Go Train, Hwy 404, 407, Restaurants, Supermarket, Banks and Top Ranked Schools. Family and leisure friendly community with Tennis Court, Basketball Court, Splash Pad. Move in and enjoy! (id:66096)

Property Details

MLS®: N13739412
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $518/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,282/yr
Listed: 63 days ago

Rooms

Flat

Kitchen: 3.18 x 3.22 meters
Den: 1.8 x 1.52 meters
Primary Bedroom: 3.3 x 2.4 meters
Dining room: 6.34 x 2.99 meters
Living room: 6.34 x 2.99 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, Dishwasher, Stove, Dryer, Hood Fan, Window Coverings
Exterior: Concrete
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

63d

Markham (Commerce Valley) listings, avg age

47d

Price / ft²

$782

List price

$508K

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 2-bed single family in Markham (Commerce Valley) 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 AIMHOME REALTY INC. · PATRICK CHEN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $508,000, about 5.3× the local median household income of $95,000.

Carrying it typically needs a household income of about $99,230 (20% down, 25-yr amortization, stress-tested) — roughly 4% 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)

$508,000· $782/ft²

For sale

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Full Cost Breakdown

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Down Payment5.08% · $25,800.00

Min 5.08%50%

Mortgage payment$2,673/mo

↳ CMHC premium ($19,288 capitalized)

Property tax (est.)$190/mo

Condo fee$518/mo

Total monthly$3,382

Cash Needed to Close

Down payment (5.08%)$25,800

Land transfer tax$6,635

Est. closing costs$4,024

Total cash needed$36,459

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