7161 Yonge Street, Unit 21, Markham, ON

$678,000
MLS#:N12189112
2 beds
2 baths
800-899 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 Grandview. Expertly crafted featuring premium concrete construction, this residence presents an exceptional opportunity offered at $678,000 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 2 Bathrooms
  • Generous living space spanning 800-899 sqft
  • 1.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

This stunning 2 beds 2 baths + extra large parking & locker unit offers a seamless blend of comfort, modern style, and unbeatable convenience. With an unobstructed South East-facing view, the unit is bathed in natural light, allowing you to wake up to breathtaking sunrises every morning. Note that this unit's view facing South East is guaranteed to be unobstructed while other units facing West will be obstructed by a multi-building pre-con in the future. The interior boasts an open-concept design, creating a spacious and inviting living area perfect for both relaxing and entertaining. The modern kitchen is a chefs delight, featuring sleek finishes, quality appliances, and ample cabinetry for all your storage needs. The primary bedroom serves as a serene retreat, complete with a private ensuite bathroom for your convenience. The second bedroom is generously sized, offering flexibility as a guest room, home office, or additional living space. Located within the vibrant World on Yonge community, youll enjoy direct access to an array of amenities including grocery stores, restaurants, cafes, banks, and shops, all just steps from your door. With excellent transit options and close proximity to major highways, commuting and exploring the GTA has never been easier.

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Property Summary

This condo apartment located at 7161 Yonge Street, Markham is currently for sale and has been available on SousaSells for 406 days. This property is listed at $678,000 with an estimated mortgage of $2,257* per month. It has 2 beds, 2 bathrooms, and is 800-899 square feet. 7161 Yonge Street, Markham is in the Grandview 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
800-899 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateJune 26, 2025
Sold price information is available to members only
Listed Date6/2/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeCondo Apartment
Architectural StyleApartment
ConstructionConcrete
BasementNone
CountyYork
Annual Tax$2,823.49

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, School Bus Route, Golf

Interior Features

Carpet Free

Security Features

Concierge/Security

Community Features

Location

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7161 Yonge Street, Unit 21, 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 7161 Yonge Street 2031, Markham, ON L3T 0C8

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$203,400 (30.0%)
* Minimum Canadian down payment required for this price is $42,800.
Amortization Period30 Years
Estimated Monthly Payment$2,257Based on a loan of $474,600 over 30 years.
Purchase Price$678,000
Loan Amount$474,600
Provincial Land Transfer Tax:$10,035
Total Estimated Closing Taxes:$10,035

About Purchasing a Home in Markham, ON

For a property listed at $678,000 in Markham, the legal minimum down payment is $42,800 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 $10,035 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 $10,035.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,351,838

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

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Secondary Schools

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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.