$499,000

For sale

#208 2200 John Street, Markham (German Mills) - Single Family for Sale

#208 2200 John Street, Markham (German Mills), Ontario, L3T7S7

1 bed1 bath1 parking850 ft²$1,036/mo condo feeListed 15 days ago

Overview

This 1-bedroom, 1-bathroom condo in Markham is for sale offering roughly 850 sq ft of space. Listed at $499,000, it is attractively priced about 29% below the $699,000 median asking price in Markham. It has been on the market 15 days, fresher than the Markham average of 27 days.

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Description

Welcome to Ascot Mansions in the heart of Thornhill! This spacious and well-maintained 1-bedroom, 1-bathroom condo offers approximately 870 sq. ft. of living space with a functional layout, generous living and dining areas, a separate kitchen, and a private balcony. The generously sized bedroom provides a comfortable retreat, while the practical floor plan makes excellent use of the space. Includes one underground parking space and a storage locker, adding everyday convenience and valuable extra storage. Ideally situated in an established Thornhill community, close to shopping, restaurants, parks, public transit, and major commuter routes. A wonderful opportunity for first-time buyers, downsizers, or investors looking for comfortable condo living in a convenient location! (id:66096)

Property Details

MLS®: N14099728
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: No Garage
Condo Fee: $1,036/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,905/yr
Listed: 15 days ago

Rooms

Main level

Foyer: 3.4 x 2.12 meters
Kitchen: 2.36 x 2.32 meters
Dining room: 4.39 x 3.43 meters
Living room: 5.72 x 2.92 meters
Bedroom: 3.98 x 3.81 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: Laminate, Ceramic
Exterior: Brick
Lot Features: Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

15d

Markham (German Mills) listings, avg age

27d

Price / ft²

$587

List price

$499K

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 (German Mills) has been listed for 15 days, which is 12 days fresher than the city average of 27. Act while there is still low competition.

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Listed by RED HOUSE REALTY · Constantine Bisbikos

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $499,000, about 5.3× the local median household income of $95,000.

Carrying it typically needs a household income of about $97,472 (20% down, 25-yr amortization, stress-tested) — roughly 3% 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)

$499,000· $587/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$159/mo

Condo fee$1,036/mo

Total monthly$3,823

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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