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    Markham / Berczy Village

    340 - 540 Bur Oak Ave

    For SaleEssential Condos
    $499,000
    1 Bed + 1
    1 Bath
    1 Parking
    600 - 699 SQFT
    13 Days on Strata
    Est Sell Timeframe
    26 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $459/mth
    Taxes:
    $2,245 (2024)
    Cost Per Sqft:
    $714 - $832/sqft
    Locker:
    None
    Outdoor Space:
    Balcony
    Exposure:
    East
    Possession Date:
    Immediately
    Buyer's Market
    Balanced
    Seller's Market

    Maintenance Fees

    Included
    Heat
    Air Conditioning
    Parking
    Building Maintenance
    Building Insurance
    Excluded
    Hydro
    Water

    Utility Type

    Air Conditioning
    Central Air
    Heat Source
    Gas
    Heating
    Forced Air

    Room Dimensions

    Living
    Combined with Dining, Walkout To Balcony, Laminate
    13.22 x 11.39ft
    Dining
    Combined with Living, Open Concept, Laminate
    13.22 x 11.39ft
    Kitchen
    Combined with Living, Stainless Steel Appliances, Backsplash
    9.68 x 8.83ft

    About this Listing

    Client RemarksLuxury ''The Essential'' Condo Cozy & Sun-Filled One Bedroom Plus Den Unit With Fenced Balcony (Approx 677 Sqf Plus Balcony 53 Sqft) Located In Highly Saught After Berczy! Freshly Painted. 9 Ft Ceiling With Laminate Flooring. Functional Split Layout With The Den Can Be Used As A 2nd Bedroom Or A Meeting Room. Great For Working At Home! Open Concept Kitchen With Stainless Steel Appliances, Granite Countertop, Backsplash & Undermount Sink! Ensuite Laundry! Upgraded LED Light Fixtures Throughout! Great Amenities Including Gym and Exercise Room, Party Room with Kitchen, Golf Simulator Lounge, Conference Room, Rooftop Garden and BBQ area. Close To Top Ranking School: Pierre Elliott Trudeau High School & Stonebridge Public School. And Steps to FreshCo Supermarket, Restaurants, Banks And Berczy Park. Mins To Centennial Or Mount Joy Go Station, Highway 407, 404, Markham Stouffville Hospital, Markville Mall, Costco, Etc. Family Friendly Neighborhood.

    ExtrasAll Existing Appliances: S/S Fridge, Stove, Dishwasher, Microwave W/Exhaust Fan. Washer and Dryer, All Existing Light Fixtures and All Existing Window Coverings.

    homelife landmark realty inc.MLS® #N11901256

    Amenities

    Party Room
    Bike Storage
    Rec Room
    Visitor Parking
    Indoor Parking
    Media Room

    Explore Neighbourhood

    5/10
    Walkability
    Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
    4/10
    Transit
    It's a dice roll — but hey, sometimes you roll a six!
    5/10
    Bikeability
    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

    Similar Listings

    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    13,051
    Average Individual Income
    $82,194
    Average Household Size
    2 persons
    Average Age
    37
    Average Household Income
    $153,502
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    19%
    20 - 34
    19%
    35 - 49
    22%
    50 - 64
    23%
    65+
    14%
    Household Income
    $0 - $30,000
    40%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    10%
    $125,000+
    8%
    Housing Types & Tenancy
    Detached
    76%
    Semi Detached
    13%
    Low Rise Apartment
    7%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    90%
    Other
    8%
    Mandarin
    1%
    Punjabi
    1%
    Education
    High School
    29%
    University and Above
    25%
    College
    21%
    None
    14%
    Apprenticeship
    5%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    19%
    Social Sciences
    14%
    Health & Related Fields
    10%
    Humanities
    6%
    Education
    6%
    Personal, Protective & Transportation Services
    5%
    Math & Computer Sciences
    4%
    Visual & Performing Arts
    4%
    Physical Sciences
    3%
    Agriculture & Natural Resources
    1%

    Price Trends

    Maintenance Fees

    Essential Condos vs The Berczy Village Area

    Building Trends At Essential Condos

    Days on Strata

    Units at Essential Condos spend an average of
    30
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Berczy Village

    Turnover of Units

    On average, each unit is owned for
    5.7
    YEARS before being sold again

    Property Value

    -6%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 2 condos in the Berczy Village area

    Sold Units

    11
    Units were Sold over the past twelve months

    Rented Units

    17
    Units were Rented over the past twelve months

    Best Value Rank

    Essential Condos offers the
    ?
    best value out of 2 condos in the Berczy Village neighbourhood

    Appreciation Rank

    Essential Condos has the
    ?
    highest ROI out of 2 condos in the Berczy Village neighbourhood

    Rental Yield

    Essential Condos yields the
    ?
    highest rent prices out of 2 condos in the Berczy Village neighbourhood

    High Demand

    Essential Condos is the
    ?
    most popular building out of 2 condos in the Berczy Village neighbourhood

    Transaction Insights at 540 Bur Oak Avenue

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$569,000 - $605,000$680,000$660,000 - $740,000
    Avg. Cost Per SqftNo Data$915$727$780
    Avg. Wait for Unit Availability227 Days49 Days420 Days113 Days
    Ratio of Units in Building11%53%8%30%

    Transactions vs Inventory

    Total number of units listed and sold in Berczy Village