$480,000

For sale

#912 51 SADDLECREEK Drive, Markham (Commerce Valley) - Single Family for Sale

#912 51 SADDLECREEK Drive, Markham (Commerce Valley), Ontario, L3T7Z1

1 bed1 bath1 parking650 ft²$583/mo condo feeListed 62 days ago

Overview

This 1-bedroom, 1-bathroom condo in Markham is for sale offering roughly 650 sq ft of space. Listed at $480,000, it is attractively priced about 25% below the $638,888 median asking price in Markham.

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Description

Welcome to Galleria Tower in the heart of Commerce Valley. This bright 1-bedroom suite features an open-concept living and kitchen area, custom entertainment cabinet, and custom bedroom storage cabinet for added style and functionality.Enjoy a private balcony with open views, plus concierge, exercise room, sauna, party room, meeting room, security and visitor parking.Walk to numerous restaurants and shops, with a future T&T Supermarket site right beside the building and a bus stop just 2 minutes away. Minutes to Hwy 404/407 and convenient transit connections to Finch Station. Located in the desirable Doncrest Public School & Thornlea Secondary School catchment.Ideal for individuals, couples, first-time buyers or investors. (id:66096)

Property Details

MLS®: N13743758
Property Type: Single Family
Zoning: RESIDENTIAL
Bedrooms: 1
Beds (above / below): 1 above · 0 below
Bathrooms: 1
Parking: 1
Interior Size: 650 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Condo Fee: $583/mo
Fee Includes: Common Area Maintenance, Heat, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $1,819.85/yr
Listed: 62 days ago

Features

Foundation: Concrete
Exterior: Concrete
Lot Features: Balcony

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

62d

Markham (Commerce Valley) listings, avg age

47d

Price / ft²

$739

List price

$480K

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 (Commerce Valley) 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 HC YouHome Realty Inc. · FREDDY HUNG

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3T)

This home lists at $480,000, about 5.1× the local median household income of $95,000.

Carrying it typically needs a household income of about $93,761 (20% down, 25-yr amortization, stress-tested) — within reach of 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)

$480,000· $739/ft²

For sale

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Full Cost Breakdown

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Down Payment5% · $24,000

Min 5%50%

Mortgage payment$2,528/mo

↳ CMHC premium ($18,240 capitalized)

Property tax (est.)$152/mo

Condo fee$583/mo

Total monthly$3,262

Cash Needed to Close

Down payment (5%)$24,000

Land transfer tax$6,075

Est. closing costs$3,940

Total cash needed$34,015

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