$575,000

For sale

#307 7340 Markham Road, Markham (Middlefield) - Single Family for Sale

#307 7340 Markham Road, Markham (Middlefield), Ontario, L3S0B1

2 beds1 bath1 parking1,300 ft²$880/mo condo feeListed 17 days ago

Overview

This 2-bedroom, 1-bathroom condo in Markham is for sale offering roughly 1,300 sq ft of space. It has been on the market 17 days, fresher than the Markham average of 59 days.

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Description

Beautifull, Bright, Well Maintained, 1+1 Bdrm & 1 Full Bathroom Condo Suite Located in the High Demand Middlefield Community in Markham. One Level Living with Spacious Rooms, Larger than most stacked town-homes. Large Family Size Kitchen with Granite Countertop, Lots of Counter Space and Maple Wood Cabinets. Laminate Floors & Carpet Free Thruout, Tiled in Kitchen , Laundry & Washrooms. Spacious Open Concept Living & Dining Rooms. Spacious Master Bedroom comes with a spacious Walk-in Closet. Spacious Den with a Double Closet Currently being used as 2nd Bedroom !! Close To All Amenities, Shopping ,Supermarket, Restaurants, 407, Transit, Schools, Community Centre, Banks, Costco, Tim Hortons just a couple of minutes walk !! (id:66096)

Property Details

MLS®: N14092076
Property Type: Single Family
Zoning: Residential Condominium
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 1,300 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage
Condo Fee: $880/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,016.86/yr
Listed: 17 days ago

Rooms

Flat

Living room: 8.23 x 4.42 meters
Dining room: 8.23 x 4.23 meters
Kitchen: 2.97 x 3.16 meters
Primary Bedroom: 4.58 x 3.71 meters
Den: 3.38 x 4.06 meters

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

Features

Flooring: Laminate, Ceramic
Exterior: Concrete, Stucco
Lot Features: Elevator, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

17d

Markham (Middlefield) listings, avg age

59d

Price / ft²

$442

List price

$575K

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 (Middlefield) has been listed for 17 days, which is 42 days fresher than the city average of 59. Act while there is still low competition.

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Listed by GATE REAL ESTATE INC. · RAJESH KOTHARI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3S)

This home lists at $575,000, about 5.4× the local median household income of $106,000.

Carrying it typically needs a household income of about $112,318 (20% down, 25-yr amortization, stress-tested) — roughly 6% above 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)

$575,000· $442/ft²

For sale

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Full Cost Breakdown

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Down Payment5.65% · $32,500

Min 5.65%50%

Mortgage payment$3,008/mo

↳ CMHC premium ($21,700 capitalized)

Property tax (est.)$168/mo

Condo fee$880/mo

Total monthly$4,056

Cash Needed to Close

Down payment (5.65%)$32,500

Land transfer tax$7,975

Est. closing costs$4,225

Total cash needed$44,700

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