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BEDROOMS7
BATHROOMS2
KITCHENS11
ROOMSN9255191
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Property Description
4000 square feet in total, comprising three self-contained units within one freehold townhouse! Arista Homes' most popular live-work concept includes: one bright street-front commercial/finished space (over 800 square feet), along with two two-bedroom residential suites (measuring 1533 square feet and 1663 square feet respectively). Each unit has separate entries. The residential suites boast 9-foot ceilings, ensuite laundries (two in total), 2.5 baths each, and numerous terraces/balconies. Additionally, there's a double garage plus four driveway parking spaces (six spots in total). Conveniently located near a mall, restaurants, Highway 407, and transit, this property offers stable rental income.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-02-16 | 2024-03-31 | 48 | $2,800 | - | Suspended |
| 2024-02-16 | 2024-03-31 | 48 | $2,800 | - | Suspended |
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Property Details
Street
Community
City
Property Type
Multiplex, 3-Storey
Approximate Sq.Ft.
3500-5000
Lot Size
28' x 84'
Fronting
South
Taxes
$8,619 (2024)
Basement
None
Exterior
Brick, Stone
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Parking Spaces
4
Driveway
Private
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Other | Ground | 23.98' x 23.56' | 2 Pc Bath, W/O To Garage, Finished |
| Kitchen | 2nd | 11.32' x 8.99' | Ceramic Floor, Combined W/Dining, Centre Island |
| Dining | 2nd | 9.32' x 9.65' | Ceramic Floor, Combined W/Kitchen, Breakfast Bar |
| Great Rm | 2nd | 11.98' x 18.67' | W/O To Terrace, Laminate, Sliding Doors |
| Prim Bdrm | 3rd | 11.98' x 16.31' | W/O To Terrace, 3 Pc Ensuite, Double Closet |
| 2nd Br | 3rd | 11.15' x 10.56' | Window, Broadloom, Closet |
| Kitchen | 2nd | 8.66' x 10.99' | Ceramic Floor, Combined W/Dining, Centre Island |
| Dining | 2nd | 10.50' x 10.99' | Breakfast Bar, W/O To Terrace, Laminate |
| Great Rm | 2nd | 17.98' x 12.57' | W/O To Terrace, Laminate |
| Prim Bdrm | 3rd | 17.98' x 11.98' | W/O To Balcony, 3 Pc Ensuite, W/I Closet |
| 2nd Br | 3rd | 15.98' x 11.22' | Window, Broadloom, Closet |
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Markham Market Statistics
Markham Price Trend
29 Luzon Ave is a 4-bedroom 7-bathroom home listed for sale at $1,599,000, which is $89,338 (5.3%) lower than the average sold price of $1,688,338 in the last 30 days (October 21 - November 19). During the last 30 days the average sold price for a 4 bedroom home in Markham increased by $85,928 (5.4%) compared to the previous 30 day period (September 21 - October 20) and down $41,781 (2.4%) from the same time one year ago.Inventory Change
There were 148 4-bedroom homes listed in Markham over the last 30 days (October 21 - November 19), which is down 25.6% compared with the previous 30 day period (September 21 - October 20) and up 5.7% compared with the same period last year.Sold Price Above/Below Asking ($)
4-bedroom homes in Markham typically sold $2,508 (0.1%) above asking price over the last 30 days (October 21 - November 19), which represents a $12,491 increase compared to the previous 30 day period (September 21 - October 20) and $6,217 less than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 4-bedroom homes in Markham over the last 30 days (October 21 - November 19) stood at 69.6%, up from 34.7% over the previous 30 days (September 21 - October 20) and up from 51.4% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 4-bedroom 7-bathroom home in Markham stood at 27 days when successfully sold over the last 30 days (October 21 - November 19), compared to 55 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife New World Realty Inc.
Similar Listings
Unique 3-Storey, 3-Unit Freehold Townhouse in Markham 4000 Sq. Ft. Work/Live Space with No Maintenance Fees! Ideal for Multi-Family Living, Business Owners, or Investors. This property is situated in a well-established community between two expansive plazas. One plaza features Longo's, banks, restaurants, and more, while the other boasts Walmart. Key Features: 3 Separate Entrances for Maximum Flexibility 804 Sq. Ft. Flexible Commercial Unit 2 Spacious 2-Bedroom, 2-Bathroom Townhouse Units on the 2nd and 3rd Floors Suite 1: 1533 Sq. Ft. with 2 Terraces Suite 2: 1663 Sq. Ft. with 1 Terrace and 1 Balcony This property caters to various needs - whether you're looking for a live/work space, accommodating multiple families, or seeking a strategic investment opportunity. Don't miss out on the chance to own this distinctive property in a thriving community with convenient access to amenities."
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