$499,000

For sale

#615 7400 Markham Road, Markham (Middlefield) - Single Family for Sale

#615 7400 Markham Road, Markham (Middlefield), Ontario, L3S0C5

2 beds1 bath1 parking750 ft²$188/mo condo feeListed 21 days ago

Overview

This 2-bedroom, 1-bathroom condo in Markham is for sale offering roughly 750 sq ft of space. Listed at $499,000, it is attractively priced about 9% below the $550,000 median asking price in Markham. It has been on the market 21 days, fresher than the Markham average of 59 days.

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Description

Bright & Spacious Well-Appointed Condo Features A Functional Layout With An Abundance Of Natural Light. The Open Living And Dining Area Offers A Large Picture Window With Pleasant Neighbourhood Views. The Modern Kitchen Is Complete With Granite Countertops, Generous Cabinetry And Full-Size Appliances. The Spacious Bedroom Provides Excellent Comfort And Natural Light, While The Separate Den Offers Added Versatility For A Home Office, Study Or Flexible Living Space. A Well-Maintained 3-Piece Bathroom Completes The Interior. Residents Enjoy Elevator Access And An On-Site Fitness Facility. Conveniently Located Near Shopping, Dining, Public Transit, Schools And Everyday Amenities. An Excellent Opportunity For First-Time Buyers, Downsizers Or Investors. (id:66096)

Property Details

MLS®: N14032828
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 1 above · 1 below
Bathrooms: 1
Parking: 1
Interior Size: 750 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $188/mo
Fee Includes: Common Area Maintenance, Insurance
Ownership: Condo/Strata
Property Tax: $1,877/yr
Listed: 21 days ago

Rooms

Ground level

Kitchen: 2.85 x 4.08 meters
Dining room: 6.19 x 3.3 meters
Living room: 6.19 x 3.3 meters
Primary Bedroom: 3.04 x 3.62 meters
Den: 2.43 x 2.25 meters
Laundry room

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: Brick

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Markham (Middlefield) listings, avg age

59d

Price / ft²

$666

List price

$499K

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 21 days, which is 38 days fresher than the city average of 59. Act while there is still low competition.

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Listed by RE/MAX ACE REALTY INC. · THANESH SIVAGANASUNDARAM

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3S)

This home lists at $499,000, about 4.7× the local median household income of $106,000.

Carrying it typically needs a household income of about $97,472 (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)

$499,000· $666/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,950

Min 5%50%

Mortgage payment$2,628/mo

↳ CMHC premium ($18,962 capitalized)

Property tax (est.)$156/mo

Condo fee$188/mo

Total monthly$2,973

Cash Needed to Close

Down payment (5%)$24,950

Land transfer tax$6,455

Est. closing costs$3,997

Total cash needed$35,402

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