277 South Park Road, Unit 10, Markham, ON

$580,000
MLS#:N11145681
2 beds
1 baths
600-699 sqft
1.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Commerce Valley. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $580,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 2 Bedrooms and 1 Bathroom
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Sauna, Trash Compactor, Intercom
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Open Concept Bright & Spacious 1+1 Unit With Functional Layout Of Approx. 647 Sf + 50 Sf Balcony As Per Builder In High Demand Area. South Exposure Invites Plenty Of Sunlight And Unobstructed View. Granite Kitchen Counter And Island. Den with door can be used as second bedroom. Conveniently Located Close To 407, 404, Yonge St., Go Station, Public Transit, Restaurants & Shopping Centers. 24 Hr Concierge.

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Property Summary

This condo apartment located at 277 South Park Road, Markham is currently for sale and has been available on SousaSells for 595 days. This property is listed at $580,000 with an estimated mortgage of $1,931* per month. It has 2 beds, 1 bathroom, and is 600-699 square feet. 277 South Park Road, Markham is in the Commerce Valley neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
2
Bathrooms
1
Kitchens
1
Living Area
600-699 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateDecember 17, 2024
Sold price information is available to members only
Listed Date11/25/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyYork
Annual Tax$2,149.82

Parking & Garage

Parking Spaces1.0
Garage Spaces1
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Clear View, Park, Public Transit

Interior Features

Sauna, Trash Compactor, Intercom

Security Features

Community Features

Location

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277 South Park Road, Unit 10, Markham, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 277 South Park Road 611, Markham, ON L3T 0B7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Markham.

Configure Loan Settings

Interest Rate4.00%
Down Payment$174,000 (30.0%)
* Minimum Canadian down payment required for this price is $33,000.
Amortization Period30 Years
Estimated Monthly Payment$1,931Based on a loan of $406,000 over 30 years.
Purchase Price$580,000
Loan Amount$406,000
Provincial Land Transfer Tax:$8,075
Total Estimated Closing Taxes:$8,075

About Purchasing a Home in Markham, ON

For a property listed at $580,000 in Markham, the legal minimum down payment is $33,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $8,075 for this transaction. As this listing is in Markham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $8,075.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Commerce Valley, Markham.

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$785,544

People & Families

Age Distribution

Household Composition

One-person households
16%
Families with children
54%
Couples without children
25%
Other households
5%

Top Ethnic Origins

Chinese45%
South Asian18%
Canadian6%
English5%

Local Schools Guide

Elementary Schools

Sainte-Marguerite-Bourgeoys
Public111 John Button Boulevard, Buttonville, Markham, Ontario, L3R 9C1
9.5
Buttonville
Public141 John Button Boulevard, Buttonville, Markham, Ontario, L3R 9C2
7.9
Ashton Meadows
PublicButtonville, Markham, Ontario
9.4
Lincoln Alexander
Public38 Hillmount Road, Buttonville, Markham, Ontario, L6C 2H4
9.0
Coledale
Public60 Coledale Road, Buttonville, Markham, Ontario, L3R 7W8
8.4

Secondary Schools

St. Augustine
Catholic2188 Rodick Road, Buttonville, Markham, Ontario, L6C 1S3
10.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied83%
Rented17%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.