$649,900 - 7811 Yonge Street Unit 709, Markham
Condo for Sale in Markham
105 days on market- MLS Number
- N12838032
- Property Type
- Condo
- Status
- active
- Days on Site
- 105
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,200 sqft
- Neighbourhood
- Markham
- Locker
- Exclusive
- Exposure
- South
- Balcony
- Open
- Listing Brokerage
- ROYAL HERITAGE REALTY LTD.
"The Thornhill Summit" This one checks all the boxes. This south facing corner suite at the end of the hall has 2 bedrooms and a family room/den boasting over 1200 square feet of living space. Maintenance includes all the usuals, a huge private locker in front of the car parking space, plus cable TV is included .The Primary bedroom has a 3 piece ensuite with an easy access step in shower, wall to wall closet and separate linen closet. The second bedroom is quite spacious with a double closet and a 4 piece bathroom across the hall. It has a nicely appointed kitchen with sit-up breakfast bar and tons of cupboards with ample storage for all your needs. The L-shaped living/dining room combination with its crown moulding makes entertaining very easy. The Living room has a walk-out to a 6 foot wide by 20 foot long open balcony for the sunny days to be enjoyed. The bonus room off the living room can be flexible as a family room/den or home office. The ensuite laundry room has plenty of space for storage. The storage locker found in the underground garage is approximately 9 foot by 9 foot located in front of the parking space which is just 3 spots away from the elevator. The building has all the amenities you would want with a beautiful outdoor pool for those hot summer days. Make this your next move and enjoy this home for years to come. Walk to Transit, cafes, and shopping near by. 407 access is minutes north up Yonge Street. *Status Certificate available* Furniture in pictures has been removed.
Estimate your monthly payments for this property
Estimated Payment
$3,334.32/mo
Includes CMHC insurance ($18,132)
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 709, 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 $542/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.
Negotiation Opportunity
At 105 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.
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 $2,708 (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.