$518,888

For sale

#309 7400 Markham Road, Markham (Middlefield) - Single Family for Sale

#309 7400 Markham Road, Markham (Middlefield), Ontario, L3S0C5

2 beds1 bath1 parking850 ft²$209/mo condo feeListed 53 days ago

Overview

This 2-bedroom, 1-bathroom condo in Markham is for sale offering roughly 850 sq ft of space. Listed at $518,888, it is attractively priced about 6% below the $550,000 median asking price in Markham. It has been on the market 53 days, fresher than the Markham average of 61 days.

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Description

Welcome to this bright and beautifully maintained condo offering a functional open-concept layout, modern finishes and plenty of natural light. The spacious living and dining area features updated flooring and a large picture window with open neighbourhood views. The kitchen offers granite countertops, ample cabinetry and full-size appliances, while the generously sized bedroom provides excellent space and natural light. A versatile den adds flexibility for a home office, study or additional living space. Enjoy a full 4-piece bathroom, convenient in-suite layout and a clean, move-in-ready interior. The well-maintained building features elevator access and an on-site fitness room. Ideally positioned close to shopping, restaurants, transit, schools and everyday amenities-an excellent opportunity for first-time buyers, downsizers or investors. (id:66096)

Property Details

MLS®: N13776546
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $209/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,116.23/yr
Listed: 53 days ago

Rooms

Flat

Foyer
Kitchen
Eating area
Living room
Primary Bedroom
Den

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
Flooring: Tile, Vinyl
Exterior: Brick
Lot Features: Elevator

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

53d

Markham (Middlefield) listings, avg age

61d

Price / ft²

$611

List price

$519K

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 53 days, which is 8 days fresher than the city average of 61. Act while there is still low competition.

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Listed by RE/MAX METROPOLIS REALTY · RICKY RATHORE

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3S)

This home lists at $518,888, about 4.9× the local median household income of $106,000.

Carrying it typically needs a household income of about $101,357 (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)

$518,888· $611/ft²

For sale

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Full Cost Breakdown

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Down Payment5.18% · $26,888.80

Min 5.18%50%

Mortgage payment$2,728/mo

↳ CMHC premium ($19,680 capitalized)

Property tax (est.)$176/mo

Condo fee$209/mo

Total monthly$3,113

Cash Needed to Close

Down payment (5.18%)$26,889

Land transfer tax$6,853

Est. closing costs$4,057

Total cash needed$37,799

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