$568,000

For sale

#801 1 Blanche Lane, Markham (Cornell) - Single Family for Sale

#801 1 Blanche Lane, Markham (Cornell), Ontario, L6B1N3

2 beds2 baths1 parking1,100 ft²$311/mo condo feeListed 21 days ago

Overview

This 2-bedroom, 2-bathroom condo in Markham is for sale offering roughly 1,100 sq ft of space. Its $568,000 asking price sits right in line with the $588,888 median in Markham. It has been on the market 21 days, fresher than the Markham average of 50 days.

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

Description

Incredible Value! Attn: Renters, First-Time Homebuyers or Empty-Nesters!! Affordable 2 Bedroom, 2 Full Bathroom Condo Townhome [1,037 Sq Ft] In The Desirable Cornell Markham! Move-In Ready! Corner Unit with Unobstructed Views for Added Privacy Away from the Busy Main Road. Conveniently Located for Easy Access to Underground Parking & Street Parking for Visitors! Featuring a Functional Open Concept Layout in Lower Level with Large Floor-to-Ceiling Windows for Natural Light, Laminate Flooring Throughout, Upgraded Pot Lights And A Walk-Out To A Private Patio - Great for Outdoor Entertaining. Includes 1 Underground Parking And 1 Storage Locker. Enjoy Exceptional Value With Maintenance Fees That Include High-Speed Internet, Snow Removal, Garbage Removal, Lawn Care And Building Exterior Maintenance. Conveniently Located Close To Hwy 7, Hwy 407, Schools, Parks, Public Transit, GO Transit, Markham Stouffville Hospital, Cornell Community Centre, Library, Markville Mall, Shopping, And Everyday Amenities. An Excellent Opportunity For First-Time Homebuyers, Renters, Downsizers, Or Investors Seeking A Well-Located Home In Desirable Markham Community. Don't Miss This Great Opportunity! (id:66096)

Property Details

MLS®: N14031764
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 1
Interior Size: 1,100 ft²
Basement: Finished, Full
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $311/mo
Fee Includes: Common Area Maintenance, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $2,860.81/yr
Listed: 21 days ago

Rooms

Flat

Dining room: 3.65 x 5.94 meters
Kitchen: 2 x 3.53 meters
Primary Bedroom: 3 x 3.35 meters
Bedroom 2: 2.64 x 3.43 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, Dryer, Microwave, Window Coverings
Flooring: Laminate, Ceramic
Exterior: Brick
Lot Features: Balcony, In suite Laundry

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

21d

Markham (Cornell) listings, avg age

50d

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 2-bed single family in Markham (Cornell) has been listed for 21 days, which is 29 days fresher than the city average of 50. Act while there is still low competition.

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Listed by ROYAL LEPAGE SIGNATURE REALTY · STEPHEN TRUONG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6B)

This home lists at $568,000, about 4.7× the local median household income of $121,000.

Carrying it typically needs a household income of about $110,950 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.

Median household income: $121,000
Population: 34,763
Median age: 37.2
Owner / renter: 83% / 17%
Avg. household size: 3.4

Source: Statistics Canada, 2021 Census (FSA L6B)

$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.)$238/mo

Condo fee$311/mo

Total monthly$3,522

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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