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Property Description
Priced for first time buyers. Immaculate 1-bedroom unit in quiet building. Move-in condition. Laminate flooring throughout. 9-foot ceiling. 2 lockers for additional storage. Steps to shopping plaza with banks, supermarket, drug store and restaurants. Close to high ranking schools and park. Minutes to GO station and Markville Mall. Great amenities including gym, party room, movie room, golf simulator, rooftop garden with bbq and lounging area.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-10-02 | 2023-12-09 | 68 | $528,888 | - | Expired |
| 2023-08-17 | 2023-10-02 | 46 | $575,000 | - | Terminated |
Extras
Stainless steel:[fridge, stove, built-in dishwasher & built-in microwave/hood fan], washer, dryer, existing electric light fixtures, medicine cabinet. 2 lockers and 1 extra wide parking included.
Nearby Intersections
Property Features
Park, Public Transit, School
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Property Details
Street
Community
City
Property Type
Condo Apt, Apartment
Approximate Sq.Ft.
500-599
Taxes
$2,061 (2023)
Basement
None
Exterior
Brick
Heat Included
Yes
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Parking Spaces
1
Parking 1
Owned (Level B/Unit 78)
Parking 2
None
Garage Type
Underground
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Living | Flat | 7.91' x 15.75' | Laminate, Combined W/Dining, W/O To Balcony |
| Dining | Flat | 7.91' x 15.75' | Laminate, Combined W/Living, Open Concept |
| Kitchen | Flat | 9.78' x 12.83' | Laminate, Granite Counter, Breakfast Bar |
| Prim Bdrm | Flat | 7.74' x 10.47' | Laminate, W/I Closet |
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Markham Market Statistics
Markham Price Trend
540 Bur Oak Ave #241 is a 1-bedroom 1-bathroom condo listed for sale at $499,999, which is $149,870 (23.1%) lower than the average sold price of $649,869 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 1 bedroom condo in Markham increased by $3,562 (0.6%) compared to the previous 30 day period (February 27 - March 27) and up $5,856 (0.9%) from the same time one year ago.Inventory Change
There were 78 1-bedroom condos listed in Markham over the last 30 days (March 28 - April 26), which is up 30.0% compared with the previous 30 day period (February 27 - March 27) and up 110.8% compared with the same period last year.Sold Price Above/Below Asking ($)
1-bedroom condos in Markham typically sold $9,673 (1.5%) above asking price over the last 30 days (March 28 - April 26), which represents a $2,571 increase compared to the previous 30 day period (February 27 - March 27) and $3,707 more 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 1-bedroom condos in Markham over the last 30 days (March 28 - April 26) stood at 59.0%, down from 70.0% over the previous 30 days (February 27 - March 27) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 1-bedroom 1-bathroom condo in Markham stood at 13 days when successfully sold over the last 30 days (March 28 - April 26), compared to 45 days before being removed from the market upon being suspended or terminated.Listing contracted with Re/Max Atrium Home Realty
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