$555,000

For sale

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#1607 9 Clegg Road, Markham (Unionville) - Single Family for Sale

#1607 9 Clegg Road, Markham (Unionville), Ontario, L6G0H3

2 beds1 bath1 parking ft²

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Investment analysis

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$555,000

Markham

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Overview

This 2-bedroom, 1-bathroom condo in Markham is for sale offering roughly 650 sq ft of space. Listed at $555,000, it is attractively priced about 17% below the $668,000 median asking price in Markham. It has been on the market 21 days, fresher than the Markham average of 63 days.

Condos for Sale in Markham →All real estate in Markham →

Description

Brand New Apartment in Luxury Condominium Complex with Excellent Facilities & 24-Hour Concierge Security by Prominent Builder/Developer closed by Markham Civic Centre, Prominent Schools & University, Shopping Malls, YRT/GO Stations, Highways etc. Upscale Finishings Throughout, Brand Name Appliances, Den can be 2nd Bedroom, Open Concept Practical Layout, High Floor Gorgeous North View, Bright & Spacious. (id:66096)

Property Details

MLS®: N14030066
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
Condo Fee: $467/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,702.05/yr
Listed: 21 days ago

Market Timing

Days on market

21d

Markham (Unionville) listings, avg age

63d

Price / ft²

$855

List price

$555K

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 (L6G)

This home lists at $555,000, about 9.1× the local median household income of $61,200.

Carrying it typically needs a household income of about $108,411 (20% down, 25-yr amortization, stress-tested) — roughly 77% above the area median.

Median household income: $61,200
Population: 8,364
Median age: 35.2
Owner / renter: 54% / 46%
Avg. household size: 1.9

Source: Statistics Canada, 2021 Census (FSA L6G)

$555,000· $855/ft²

For sale

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Full Cost Breakdown

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Down Payment5.50% · $30,500

Min 5.50%50%

Mortgage payment$2,908/mo

↳ CMHC premium ($20,980 capitalized)

Property tax (est.)$225/mo

Condo fee$467/mo

Total monthly$3,600

Cash Needed to Close

Down payment (5.50%)$30,500

Land transfer tax$7,575

Est. closing costs$4,165

Total cash needed$42,240

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

#1607 9 Clegg Road, Markham (Unionville) - Single Family for Sale

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Neighbourhood profile (L6G)

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