$550,000

For sale

#510 7400 Markham Road, Markham (Middlefield) - Single Family for Sale

#510 7400 Markham Road, Markham (Middlefield), Ontario, L3S0C5

1 bed1 bath1 parking950 ft²$216/mo condo feeListed 63 days ago

Overview

This 1-bedroom, 1-bathroom condo in Markham is for sale offering roughly 950 sq ft of space. Its $550,000 asking price sits right in line with the $550,000 median in Markham.

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Description

A large 920 sq ft above grade finished condo apartment. One Bedroom plus Den, with a large living area combined with dining. Open concept kitchen, a spacious granite breakfast bar, with appliances Fridge, Stove, Microwave and Dishwasher. Including 1 parking and 1 locker to call your own with this beautiful apartment. An excellent Greenlife Golden Condominium apartment in a mid-high rise building is equipped and operated with the help of rooftop solar system which provides considerable hydro savings for residents. Located in a high demand area, close to transit, Hwy 407, TTC, York Region Transit, Schools, Parks, Playgrounds, Shopping, Costco and enjoyable surrounding of inner-city living...Builder apartment layout and measurement attached to MLS. (id:66096)

Property Details

MLS®: N13738404
Property Type: Single Family
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Electric
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $216/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,181.29/yr
Listed: 63 days ago

Rooms

Main level

Living room: 5.8 x 4 meters
Dining room: 5.8 x 4 meters
Kitchen: 3 x 2.7 meters
Primary Bedroom: 4.32 x 3.15 meters
Den: 3.6 x 2.6 meters

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

Features

Appliances: Water meter, Window Coverings, Water Heater
Flooring: Laminate, Ceramic
Exterior: Brick
Lot Features: Elevator, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

63d

Markham (Middlefield) listings, avg age

61d

Price / ft²

$579

List price

$550K

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 (Middlefield) is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by ROYAL LEPAGE CREDIT VALLEY REAL ESTATE · SHAZIA SAEED

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3S)

This home lists at $550,000, about 5.2× the local median household income of $106,000.

Carrying it typically needs a household income of about $107,434 (20% down, 25-yr amortization, stress-tested) — roughly 1% 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)

$550,000· $579/ft²

For sale

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Full Cost Breakdown

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Down Payment5.45% · $30,000

Min 5.45%50%

Mortgage payment$2,883/mo

↳ CMHC premium ($20,800 capitalized)

Property tax (est.)$182/mo

Condo fee$216/mo

Total monthly$3,281

Cash Needed to Close

Down payment (5.45%)$30,000

Land transfer tax$7,475

Est. closing costs$4,150

Total cash needed$41,625

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