540 Bur Oak Avenue, Markham, ON

$598,888
MLS#:N8476522
2 beds
2 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 Berczy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $598,888 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 2 Bathrooms
  • Generous living space spanning 600-699 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Great Location, located in High Desired Berczy Community! Bright and Spacious 1 Bedrm+Den Fabulous Unit, W/ 2 Full Washrooms! Large Den with Sliding door, Ideal For Bed Room/Office, Dining Rm Or Bdrm Nook. 9' Ceiling, Quality Floors, Lots of Natural Light, Very Functional Layout With No Space Wasted! Modern Kitchen W/ Stainless Steel Appliances, Granite Counter-Top, S/S Appliances, Extra Pantry For Storage, Master En Suite, Frontload Washer And Dryer, Laundry With Storage. Absolutely Move-In Ready Condition! Top School Zone: Stonebridge P.S. & Pierre Elliot Trudeau H.S. Concierge, Rooftop Terrance W/ Lounge & Bbq Area, Party Room, Sauna, Fitness Room & Golf Simulator! Super Convenient Location, Bus Stop at Doorway. Across From Shopping Plaza W/ Groceries, Restaurants, Cafe and Bank. Minutes To Go Station & Markville Mall!

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Property Summary

This condo apartment located at 540 Bur Oak Avenue, Markham is currently for sale and has been available on SousaSells for 751 days. This property is listed at $598,888 with an estimated mortgage of $1,993* per month. It has 2 beds, 2 bathrooms, and is 600-699 square feet. 540 Bur Oak Avenue, Markham is in the Berczy neighborhood.

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

Key Features

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

Additional Details

StatusSold
Sold DateJuly 25, 2024
Sold price information is available to members only
Listed Date6/25/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyYork
Annual Tax$2,088

Parking & Garage

Parking Spaces1.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Clear View, Hospital, Library, Park, Place Of Worship, Public Transit

Interior Features

None

Security Features

Concierge/Security, Security System

Community Features

Location

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540 Bur Oak Avenue, 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 540 Bur Oak Avenue 235, Markham, ON L6C 0Y2

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.

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Interest Rate4.00%
Down Payment$179,666 (30.0%)
* Minimum Canadian down payment required for this price is $34,889.
Amortization Period30 Years
Estimated Monthly Payment$1,993Based on a loan of $419,222 over 30 years.
Purchase Price$598,888
Loan Amount$419,222
Provincial Land Transfer Tax:$8,453
Total Estimated Closing Taxes:$8,453

About Purchasing a Home in Markham, ON

For a property listed at $598,888 in Markham, the legal minimum down payment is $34,889 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 $8,453 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 $8,453.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,376,806

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

Stonebridge
PublicStonebridge Drive, Markham, Ontario, L6C 2Z8
9.1
Beckett Farm
Public78 Beckett Avenue, Unionville, Markham, Ontario, L6C 0T3
8.1
Fred Varley
Public81 Alexander Lawrie Avenue, Markham, Ontario, L6E 0J8
7.6
Central Park
PublicCentral Park Drive, Unionville, Markham, Ontario, L3P 7G2
9.0
John McCrae
Public565 Fred McLaren Boulevard, Markham, Ontario, L6E 1N7
7.5

Secondary Schools

Pierre Elliott Trudeau
Public90 Bur Oak Avenue, Markham, Ontario, L6C 2E6
9.5
Markville
Public1000 Carlton Road, Unionville, Markham, Ontario, L3P 7P5
9.0
Bur Oak
Public933 Bur Oak Avenue, Markham, Ontario, L6E 1G4
8.9
St. Brother André
Catholic6160 16th Avenue, Markham, Ontario, L3P 3K8
7.9

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.