7325 Markham Road, Unit 06, Markham, ON

$735,000
MLS#:N9375964
3 beds
2 baths
1000-1199 sqft
2.0 parking
Residential Condo & Other
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Property Highlights

Welcome to this remarkable Apartment common element condo located in the coveted neighborhood of Cedarwood. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $735,000 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.

  • 3 Bedrooms and 2 Bathrooms
  • Generous living space spanning 1000-1199 sqft
  • 2.0 total parking spaces available with a convenient underground configuration
  • Notable attributes: Other
  • equipped with central air central cooling and highly efficient forced air heating via electric

Description

**Absolutely Beautiful, 1050 Sq Ft Green Life Condo, End Unit With 3 Rooms +2 Full W/Rooms +2 Parking & Locker. Upgrades, 9' Ceilings, Modern Kitchen With Granite Counter Top, S/Steel Appliances & Under Mount Sinks In Kitchen. Steps To Ttc & Yrt, Walking Distance To Costco, Shoppers, Home Depot, Banks, Hwy 407, Community Centre, Restaurants And More... Must See, Don't Miss Out!

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Property Summary

This condo apartment located at 7325 Markham Road, Markham is currently for sale and has been available on SousaSells for 652 days. This property is listed at $735,000 with an estimated mortgage of $2,447* per month. It has 3 beds, 2 bathrooms, and is 1000-1199 square feet. 7325 Markham Road, Markham is in the Cedarwood 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
1000-1199 sqft
Property Type
Residential Condo & Other

Additional Details

StatusSold
Sold DateNovember 7, 2024
Sold price information is available to members only
Listed Date10/1/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeCommon Element Condo
Architectural StyleApartment
ConstructionOther
BasementNone
CountyYork
Annual Tax$2,233.33

Parking & Garage

Parking Spaces2.0
Garage TypeUnderground

Heating & Cooling

Heat SourceElectric
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Other

Security Features

Community Features

Location

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7325 Markham Road, Unit 06, 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 7325 Markham Road 506, Markham, ON L3S 3J9

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$220,500 (30.0%)
* Minimum Canadian down payment required for this price is $48,500.
Amortization Period30 Years
Estimated Monthly Payment$2,447Based on a loan of $514,500 over 30 years.
Purchase Price$735,000
Loan Amount$514,500
Provincial Land Transfer Tax:$11,175
Total Estimated Closing Taxes:$11,175

About Purchasing a Home in Markham, ON

For a property listed at $735,000 in Markham, the legal minimum down payment is $48,500 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 $11,175 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 $11,175.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,083,391

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

Cedarwood
Public399 Elson Street, Markham, Ontario, L3S 4R8
7.9
Ellen Fairclough
Public33 Brando Avenue, Markham, Ontario, L3S 4K9
6.8
Markham Gateway
Public30 Fonda Road, Markham, Ontario, L3S 3X3
7.8
Boxwood
Public30 Boxwood Crescent, Markham, Ontario, L3S 3P7
5.8
Parkland
Public18 Coxworth Avenue, Markham, Ontario, L3S 3B8
7.7

Secondary Schools

Middlefield
Public525 Highglen Avenue, Markham, Ontario, L3S 3L5
7.4
Father Michael McGivney
Public5300 14th Avenue, Markham, Ontario, L3S 3K8
8.5

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.