55 Austin Drive, Unit 12, Markham, ON

$749,800
MLS#:N12212572
3 beds
2 baths
1400-1599 sqft
2.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment condo apartment located in the coveted neighborhood of Markville. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $749,800 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1400-1599 sqft
  • 2.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Auto Garage Door Remote, Carpet Free
  • equipped with central air central cooling and highly efficient fan coil heating via gas

Description

Large 1440 sq.ft. 2 + 1 Corner Suite at Walden Pond 1 With a North View of the Pond and West View of the Trees! The Split Bedroom Layout Allows for Privacy When You're Entertaining! Spacious Principal Rooms, Corner Den and an Open Balcony. A Lovely Family Home or Downsize to This Luxury Tridel Building! 2 Parking Spaces (Owned) and One Locker (Owned). Your Ensuite Washroom Has Been Renovated. The Maintenance Fee is All Inclusive of Your Utilities & High Speed Internet & Cable, 24 Hour Gated Security, Indoor Swimming Pool and Hot Tub, Sauna, Outdoor Patio & BBQ Area, Tennis Court, Fitness Centre, Library, Billiard Room, Party Room and Guest Suite. Markville Mall is Conveniently Located Across the Street For Groceries and Shopping.

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Property Summary

This condo apartment located at 55 Austin Drive, Markham is currently for sale and has been available on SousaSells for 400 days. This property is listed at $749,800 with an estimated mortgage of $2,496* per month. It has 3 beds, 2 bathrooms, and is 1400-1599 square feet. 55 Austin Drive, Markham is in the Markville neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
2
Kitchens
1
Living Area
1400-1599 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJuly 4, 2025
Sold price information is available to members only
Listed Date6/11/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionBrick
BasementNone
CountyYork
Annual Tax$3,504.39

Parking & Garage

Parking Spaces2.0
Garage TypeUnderground

Heating & Cooling

Heat SourceGas
Heat TypeFan Coil
CoolingCentral Air

Features

Property Features

Lake/Pond

Interior Features

Auto Garage Door Remote, Carpet Free

Security Features

Concierge/Security

Community Features

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Location

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55 Austin Drive, Unit 12, 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 55 Austin Drive 312, Markham, ON L3R 8H5

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.

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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$224,940 (30.0%)
* Minimum Canadian down payment required for this price is $49,980.
Amortization Period30 Years
Estimated Monthly Payment$2,496Based on a loan of $524,860 over 30 years.
Purchase Price$749,800
Loan Amount$524,860
Provincial Land Transfer Tax:$11,471
Total Estimated Closing Taxes:$11,471

About Purchasing a Home in Markham, ON

For a property listed at $749,800 in Markham, the legal minimum down payment is $49,980 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 $11,471 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 $11,471.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,335,512

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

Central Park
PublicCentral Park Drive, Unionville, Markham, Ontario, L3P 7G2
9.0
Ramer Wood
Public11 Cairns Drive, Markham, Ontario, L3P 7M8
7.1
Roy H Crosby
Public115 Drakefield Road, Markham, Ontario, L3P 1G9
8.6
Unionville Meadows
Public355 South Unionville Avenue, Unionville, Markham, Ontario, L3R 5C8
7.4
Beckett Farm
Public78 Beckett Avenue, Unionville, Markham, Ontario, L6C 0T3
8.1

Secondary Schools

Markville
Public1000 Carlton Road, Unionville, Markham, Ontario, L3P 7P5
9.0
Pierre Elliott Trudeau
Public90 Bur Oak Avenue, Markham, Ontario, L6C 2E6
9.5
Father Michael McGivney
Public5300 14th Avenue, Markham, Ontario, L3S 3K8
8.5
Bur Oak
Public933 Bur Oak Avenue, Markham, Ontario, L6E 1G4
8.9

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.