$599,900 - 7811 Yonge Street Unit 308, Markham
Condo for Sale in Markham
New — Listed 3 days ago- MLS Number
- N13427478
- Property Type
- Condo
- Status
- active
- Days on Site
- 3
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Markham
- Locker
- Ensuite
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- REALTY EXECUTIVES PRIORITY ONE LIMITED
Welcome to Thornhill Summit Condominium, a hidden gem in the heart of Thornhill. Enjoy the quietness and privacy of a condominium entrance conveniently located at the end of a cul-de-sac street. Surrounded by mature trees and beautifully landscaped grounds, this sought-after community offers peaceful living and urban convenience.This move-in-ready, southwest-facing suite offers 924 sq. ft. of thoughtfully designed living space, plus a private 73 sq. ft. balcony. Pride of ownership is evident throughout, with quality upgrades including Casa Bella Natural Oak engineered hardwood flooring, vinyl tile flooring, smooth ceilings, new baseboards and shoe mouldings, a new electrical panel with breakers, a new fan coil unit with moisture-resistant soundproofing and vibration-dampening insulation, a new thermostat, and a new combination smoke and carbon monoxide alarm. All rooms, bathrooms, entrance, and hall feature premium RHINO Sound Control insulation (FIIC 70).The functional layout features two spacious bedrooms, two bathrooms, and a bright open-concept living and dining area. The kitchen offers abundant cabinetry, generous counter space, ceramic backsplash, and a breakfast bar. An in-suite laundry room provides additional storage and convenience. The primary bedroom includes a walk-in closet and private 2-piece ensuite bath. The second bedroom is ideal for guests, a home office, or hobby space. Wooden ceilings in the ensuite and a renovated 4-piece bathroom with glass walk-in shower. Amenities include an outdoor swimming pool, fitness centre, exercise room, sauna, library and walk-out balcony overlooking the Ladies' Golf Club, billiards room, party room, visitor parking. Prime Yonge St & Centre St location, steps to transit, shopping, restaurants, banking, pharmacies, medical services, and everyday conveniences. Enjoy nearby parks, walking trails, Pomona Mills Park, the Ladies' Golf Club. Convenient access to Highways 407. * Internet is included in the maintenace fee*
Estimate your monthly payments for this property
Estimated Payment
$3,077.80/mo
Includes CMHC insurance ($16,737)
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.
7811 Yonge Street Unit 308, Markham
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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
Competitive Pricing
At $667/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Just Listed - Act Strategically
This property hit the market within the last week. In Markham's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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 900 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 $2,500 (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.