$699,999

For sale

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#Ph05 325 South Park Road, Markham (Commerce Valley) - Single Family for Sale

#Ph05 325 South Park Road, Markham (Commerce Valley), Ontario, L3T0B8

2 beds2 baths2 parking ft²

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Listed by LOYALTY REAL ESTATE

Investment analysis

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$699,999

Markham

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Description

Eden Park II by Times Development, Certified Energy Efficient Building: LEED GOLD Standard. Upgraded penthouse unit overlooking downtown area, including view of the CN Tower. 10 ft ceiling height, oversized window to give plenty of natural light. Modern Kitchen with granite counter, centre island, and S/S appliances. Engineered hardwood flooring thru out except bathroom floor. It comes with a side-by-side 2 cars parking and 2 lockers. Walk to commercial distract along Highway 7, public transit, parks and schools. Future T&T supermarket close by. Just move in and call it HOME. (id:66096)

Property Details

MLS®: N14116980
Property Type: Single Family
Bedrooms: 2
Beds (above / below): 2 above · 0 below
Bathrooms: 2
Parking: 2
Interior Size: 950 ft²
Basement: None
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Garage, Underground
Pool: Yes
Condo Fee: $786/mo
Fee Includes: Common Area Maintenance, Heat, Water, Insurance, Parking
Ownership: Condo/Strata
Property Tax: $3,354.2/yr
Listed: 9 days ago

Market Timing

Days on market

Markham (Commerce Valley) listings, avg age

47d

Price / ft²

$737

List price

$700K

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.

Area context

Neighbourhood profile (L3T)

This home lists at $699,999, about 7.4× the local median household income of $95,000.

Carrying it typically needs a household income of about $136,734 (20% down, 25-yr amortization, stress-tested) — roughly 44% 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)

$699,999· $737/ft²

For sale

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Full Cost Breakdown

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Down Payment6.43% · $44,999.90

Min 6.43%50%

Mortgage payment$3,631/mo

↳ CMHC premium ($26,200 capitalized)

Property tax (est.)$280/mo

Condo fee$786/mo

Total monthly$4,697

Cash Needed to Close

Down payment (6.43%)$45,000

Land transfer tax$10,475

Est. closing costs$4,600

Total cash needed$60,075

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

#Ph05 325 South Park Road, Markham (Commerce Valley) - Single Family for Sale

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