$519,000 - 540 Bur Oak Avenue Unit 535, Markham
Condo for Sale in Markham
54 days on market- MLS Number
- N13034422
- Property Type
- Condo
- Status
- active
- Days on Site
- 54
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 600 sqft
- Neighbourhood
- Markham
- Locker
- None
- Exposure
- East
- Balcony
- Open
- Listing Brokerage
- NU STREAM REALTY (TORONTO) INC.
Rare Opportunity in Berczy! Top-Tier Schools!1+Den with 2 Full Baths. Discover this hidden gem in the heart of Markham's prestigious Berczy community! This spacious, sun-drenched unit offers a superior functional layout with virtually no wasted space. The versatile large Den features direct access to a separate 3-piece bathroom, making it a perfect private home office or a legitimate second bedroom.Bright, quiet, and meticulously maintained, move-in ready!Equipped with premium quartz countertops, a stylish backsplash, and stainless steel appliances.An expansive balcony with dual sliding door access offers breathtaking, unobstructed views, ideal for morning coffee or evening relaxation.Exceptionally stable maintenance fees (reduced from last year!) reflecting a well-managed, healthy reserve fund.Managed by a professional and friendly team, the building features 24-hour security/surveillance and a dedicated cleaning crew that keeps the interior and exterior in "good as new" condition. Enjoy luxury amenities including:Rooftop Terrace with BBQ area & stunning views.Fully equipped Gym, Sauna, & Golf Simulator.Guest Suites, Visitor Parking, & 24/7 Concierge.Live in a world-class school zone: Stonebridge P.S. & Pierre Elliott Trudeau H.S. Just steps from FreshCo, shopping plazas, and TTC/YRT transit. Only minutes to Mount Joy GO Station, Markville Mall, Highway 407, and Costco.Don't miss your chance to own in one of Markham's most sought-after boutique residences!
Estimate your monthly payments for this property
Estimated Payment
$2,662.74/mo
Includes CMHC insurance ($14,480)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Markham
Markham is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Markham
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Markham offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
540 Bur Oak Avenue Unit 535, Markham
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Rental income estimator & ROI calculator
Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $865/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 54 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 600 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Investment Perspective
Looking at this as an investment: Markham properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.