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Property Description
Duplex-Type Freehold Live & Work Townhouse! 2 Units In-One1 2830 Sqft Total. Build By Arista Homes, This End Unit Consists Of; A 1940 Sqft 3Bdrm Residential Suite Plus A 890Sqft Street-Front Commercial Space Includes A Finished Barrier-Free Bathroom And 12' Ceilings. Residential Suite Features 9' Ceilings, Ensuite Laundry, 3 Bathrooms (2 Ensuite) Plus A Large Terrace. Double Garage + 2 Driveway Parking (4 Spots Total) & Separate Entries. The Buyer Has To Assume The Existing Commercial Lease (Just Renewed For 5 Years) Which Provides A Great Stable Income.
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-05-08 | 2023-10-31 | 176 | $1,538,000 | - | Expired |
| 2023-01-06 | 2023-04-22 | 105 | $1,538,000 | - | Suspended |
| 2022-09-04 | 2023-01-01 | 119 | $1,588,000 | - | Suspended |
| 2021-01-24 | 2021-02-17 | 24 | $2,580 | $2,560 | Leased |
| 2019-05-06 | 2019-06-04 | 29 | $2,480 | $2,300 | Leased |
Extras
2-Furnaces, 2 Elec/Breaker Panels, Granite Counter Tops, Oak Stairs, HWT Heater Rentals. Complete/Accessible 2Pc Bath In Commercial Space.
Nearby Intersections
Property Features
Grnbelt/Conserv, Hospital, Library, Public Transit, Rec Centre, School
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Property Details
Street
Community
City
Property Type
Att/Row/Townhouse, 2-Storey
Lot Size
29' x 84'
Fronting
South
Taxes
$7,658 (2023)
Basement
None
Exterior
Brick, Concrete
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
2
Driveway
Private
Garage Type
Built-In
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Other | Ground | 30.41' x 23.56' | |
| Family | 2nd | 10.99' x 18.64' | |
| Breakfast | 2nd | 10.99' x 11.06' | |
| Kitchen | 2nd | 12.50' x 9.81' | |
| Prim Bdrm | 2nd | 17.98' x 11.98' | |
| 2nd Br | 2nd | 10.66' x 11.22' | |
| 3rd Br | 2nd | 14.47' x 10.99' |
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Markham Market Statistics
Markham Price Trend
61 Luzon Ave is a 3-bedroom 4-bathroom townhome listed for sale at $1,538,000, which is $383,506 (33.2%) higher than the average sold price of $1,154,494 in the last 30 days (March 27 - April 25). During the last 30 days the average sold price for a 3 bedroom townhome in Markham increased by $48,778 (4.4%) compared to the previous 30 day period (February 26 - March 26) and down $56,285 (4.6%) from the same time one year ago.Inventory Change
There were 82 3-bedroom townhomes listed in Markham over the last 30 days (March 27 - April 25), which is down 11.8% compared with the previous 30 day period (February 26 - March 26) and up 17.1% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom townhomes in Markham typically sold $40,488 (3.5%) above asking price over the last 30 days (March 27 - April 25), which represents a $38,999 decrease compared to the previous 30 day period (February 26 - March 26) and $157,527 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 3-bedroom townhomes in Markham over the last 30 days (March 27 - April 25) stood at 87.8%, up from 57.0% over the previous 30 days (February 26 - March 26) and up from 84.3% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 4-bathroom townhome in Markham stood at 17 days when successfully sold over the last 30 days (March 27 - April 25), compared to 35 days before being removed from the market upon being suspended or terminated.Listing contracted with Homelife Landmark Realty Inc.
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