$568,000

For saleJust listed

#502 7825 Bayview Avenue, Markham (Aileen-Willowbrook) - Single Family for Sale

#502 7825 Bayview Avenue, Markham (Aileen-Willowbrook), Ontario, L3T7N2

3 beds2 baths1 parking1,100 ft²$1,053/mo condo feeListed Today

Overview

This 3-bedroom, 2-bathroom condo in Markham is for sale offering roughly 1,100 sq ft of space. Listed at $568,000, it is attractively priced about 15% below the $669,000 median asking price in Markham. It has been on the market 0 days, fresher than the Markham average of 46 days.

Condos for Sale in Markham →All real estate in Markham →

Description

Excellent opportunity for investors or future owner-occupants seeking flexibility, immediate rental income and long-term value. Rare Opportunity To Own A Spacious close to 1200 Sqft. 2 Bedroom + Enclosed Glass Den, 2 Bath Suite With Parking & Locker In One Of Thornhill's Most Desirable Resort-Style Communities. Excellent Investment Opportunity With AAA Tenant Paying $3,300/Month, Or Ideal Future Home For End-Users. Lease term has already expired And Tenant Is Willing To Stay Or Relocate. Enjoy an 'All-In' maintenance package that covers everything: Heat, Hydro, Water, Central Air, Cable TV, AND High-Speed Wi-Fi-providing total monthly cost certainty. Enjoy Acres Of Beautifully Landscaped Grounds, Indoor Pool, Tennis Courts, Fitness Facilities, 24 hrs. Concierge And More. Prime Bayview Location Close To Shopping, Transit, Hwy 407, Hwy 7, Parks And Top-Rated Schools. Exceptional Space, Lifestyle And Value Rarely Found In Today's Condo Market. Seller is also the listing agent. (id:66096)

Property Details

MLS®: N14151254
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $1,053/mo
Fee Includes: Common Area Maintenance, Cable TV, Heat, Electricity, Water, Parking
Ownership: Condo/Strata
Property Tax: $2,886.33/yr
Listed: Today

Rooms

Flat

Living room: 6.8 x 3.66 meters
Dining room: 6.8 x 3.66 meters
Kitchen: 3.93 x 2.74 meters
Primary Bedroom: 4.27 x 3.35 meters
Bedroom 2: 3.53 x 3.05 meters
Solarium: 2.62 x 2.13 meters

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

Features

Flooring: Laminate
Exterior: Concrete
Lot Features: In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

Markham (Aileen-Willowbrook) listings, avg age

46d

Price / ft²

$517

List price

$568K

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 3-bed single family in Markham (Aileen-Willowbrook) has been listed for 0 days, which is 46 days fresher than the city average of 46. Act while there is still low competition.

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Listed by CENTRAL HOME REALTY INC. · SYRUS FARZAMI

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $568,000, about 6.0× the local median household income of $95,000.

Carrying it typically needs a household income of about $110,950 (20% down, 25-yr amortization, stress-tested) — roughly 17% 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)

$568,000· $517/ft²

For sale

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Full Cost Breakdown

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Down Payment5.60% · $31,800

Min 5.60%50%

Mortgage payment$2,973/mo

↳ CMHC premium ($21,448 capitalized)

Property tax (est.)$241/mo

Condo fee$1,053/mo

Total monthly$4,266

Cash Needed to Close

Down payment (5.60%)$31,800

Land transfer tax$7,835

Est. closing costs$4,204

Total cash needed$43,839

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