$555,000

For sale

#408 7171 Yonge Street, Markham (Thornhill) - Single Family for Sale

#408 7171 Yonge Street, Markham (Thornhill), Ontario, L3T0C5

2 beds2 baths1 parking850 ft²$729/mo condo feeListed 16 days ago

Overview

This 2-bedroom, 2-bathroom condo in Markham is for sale offering roughly 850 sq ft of space. Its $555,000 asking price sits right in line with the $555,000 median in Markham. It has been on the market 16 days, fresher than the Markham average of 97 days.

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Description

Bright & spacious 2-bedroom corner suite with a highly functional split-bedroom layout and desirable southwest exposure! Enjoy 835 sq ft of interior living space plus an impressive 190sq ft wrap-around balcony. Features 9-ft ceilings, hardwood flooring, large windows, and an open-concept kitchen. Exceptional building amenities include 24-hour concierge, indoor pool, sauna, fitness centre, guest suites, party/meeting rooms, BBQ terrace & golf simulator. Enjoy direct indoor access to Shops on Yonge with grocery, restaurants, banks, clinics, retail &more just steps away. TTC/YRT at your doorstep with easy access to Finch Station, Hwy 7, 407,404 & 400. Future subway station planned nearby. A rare combination of space, outdoor living &everyday convenience! *Unit will be professionally painted before move-in. (id:66096)

Property Details

MLS®: N14095024
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 850 ft²
Basement: None
Heating: Natural gas, Coil Fan
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $729/mo
Fee Includes: Common Area Maintenance, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,891.13/yr
Listed: 16 days ago

Rooms

Flat

Living room: 4.37 x 3.36 meters
Dining room: 4.37 x 3.36 meters
Kitchen: 3.35 x 2.26 meters
Primary Bedroom: 5.59 x 2.86 meters
Bedroom 2: 2.97 x 2.97 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, Dishwasher, Stove, Range, Dryer, Microwave, Window Coverings
Flooring: Hardwood
Exterior: Concrete
Lot Features: Elevator, Balcony, Carpet Free, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

16d

Markham (Thornhill) listings, avg age

97d

Price / ft²

$653

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.

Haho

This 2-bed single family in Markham (Thornhill) has been listed for 16 days, which is 81 days fresher than the city average of 97. Act while there is still low competition.

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Listed by REMAX YC REALTY · MINA SONG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $555,000, about 5.8× the local median household income of $95,000.

Carrying it typically needs a household income of about $108,411 (20% down, 25-yr amortization, stress-tested) — roughly 14% 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)

$555,000· $653/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.)$241/mo

Condo fee$729/mo

Total monthly$3,878

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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