$535,000

$558,888For salePrice drop↓ $23,888 (4%)

#203 7400 MARKHAM Road, Markham - Single Family for Sale

#203 7400 MARKHAM Road, Markham, Ontario, L3S0C5

2 beds1 bath1 parking880 ft²$193/mo condo feeListed 50 days ago

Overview

This 2-bedroom, 1-bathroom condo in Markham is for sale offering roughly 880 sq ft of space. Listed at $535,000, it is attractively priced about 22% below the $688,000 median asking price in Markham. It has been on the market 50 days, fresher than the Markham average of 65 days.

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Description

Welcome to GreenLife, where spacious living meets energy-efficient design! This beautifully maintained 1+1 condo offers 880 sq. ft. of living space, featuring a generously sized den, open-concept layout, and plenty of room to live and entertain. Enjoy maintenance fees under $200/month, an exceptional value made possible by GreenLife’s innovative solar panel and geothermal energy systems, designed to promote sustainable living while helping keep monthly costs low. Recent upgrades include new flooring, and washer/dryer. Ideally located with easy access to three major highways and just minutes from Costco, Walmart, Winners, and an abundance of shopping, dining and everyday amenities. A fantastic opportunity for first-time buyers, downsizers or investors seeking a spacious, upgraded and energy-efficient home with exceptional value in Markham. (id:66096)

Property Details

MLS®: 40863086
Property Type: Single Family
Zoning: R
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 880 ft²
Year Built: 2015
Storeys: 1
Style: Other
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Underground, Visitor Parking
Condo Fee: $193/mo
Fee Includes: Landscaping, Insurance, Parking
Ownership

Rooms

Main level

Den: 8'6'' x 10'5''
Kitchen: 8'2'' x 12'8''
Living room/Dining room: 12'2'' x 20'1''
Primary Bedroom: 11'6'' x 13'5''
4pc Bathroom

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, Window Coverings
Exterior: Brick

Services

Water: Municipal water
Sewer: Municipal sewage system

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

50d

Markham listings, avg age

65d

Price / ft²

$608

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 2-bed single family in Markham has been listed for 50 days, which is 15 days fresher than the city average of 65. Act while there is still low competition.

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Listed by Platinum Lion Realty Inc. · Adela Seyfried

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3S)

This home lists at $535,000, about 5.0× the local median household income of $106,000.

Carrying it typically needs a household income of about $104,504 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $106,000
Population: 55,403
Median age: 39.6
Owner / renter: 83% / 17%
Avg. household size: 3.7

Source: Statistics Canada, 2021 Census (FSA L3S)

$535,000· $608/ft²

For sale

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Full Cost Breakdown

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Down Payment5.33% · $28,500

Min 5.33%50%

Mortgage payment$2,808/mo

↳ CMHC premium ($20,260 capitalized)

Property tax (est.)$170/mo

Condo fee$193/mo

Total monthly$3,171

Cash Needed to Close

Down payment (5.33%)$28,500

Land transfer tax$7,175

Est. closing costs$4,105

Total cash needed$39,780

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