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    540 Bur Oak Avenue

    Essential Condos
    4for Sale
    1for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    6
    Number of Units:
    168
    Condo Completion:
    2015
    Condo Demand:
    Medium
    Unit Size Range:
    503 - 1,134 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for Essential Condos

    Receive listing updates for Berczy Village

    Amenities

    Concierge
    Visitor Parking
    Party Room
    Rec Room
    Rooftop Deck
    Media Room

    Maintenance Fees

    Included
    None
    Excluded
    Hydro
    Heat
    Air Conditioning
    Water

    About 540 Bur Oak AvenueEssential Condos

    Located at 540 Bur Oak Avenue, Essential Condos is a 6-storey condo containing 168 units. These Markham condos for sale were completed in 2015 with units starting at 503 square feet, ranging up to 1134 square feet. What makes a Berczy Village condo for sale most appealing is all that the neighbourhood has to offer.

    Maintenance fees are $0.73 per-square-foot, which is higher than the neighbourhood average of $0.73 per-square-foot.

    The Suites

    On average, units at 540 Bur Oak Avenue sell -1.00% below the list price, and units have a medium chance of receiving multiple offers (aka a “bidding war”). The average cost per-square-foot in the condo (based on past 12 months of sales) is $909 and units sell with 20 days on market on average. Over the past 12 months, 9 have sold and 19 have have been rented here.

    The Neighbourhood

    Living here means you’re just a 4-minute walk from Tim Hortons, Babu Catering and Church's Chicken, making it easy to dazzle your taste buds without much effort.

    Having Williamstown Park, Cobblehill Parkette and Glenhaven Pond and Valley within 8 minutes walking distance is invaluable, considering easy access to green spaces can dramatically improve your quality of life.

    Enhance your personal style while living in the Berczy Village neighbourhood by visiting Berczy Village Shopping Centre and Bur Oak Plaza.

    When the weekend rolls around, Sylvia Chan Art and Esperanto Gallery & Studios Inc. are within a short 4-minute drive away.

    Essential Condos is a short drive away from Wismer Public School, giving you plenty of choice for your child’s education.

    Transportation

    Transit users will need to trek a bit to Mount Joy GO, the nearest light transit stop. Scarborough Centre isn’t within a close walking distance, but you can drive there in about 39 minutes.

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    4

    Listings For Sale

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    1

    Listings For Rent

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    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 condos

    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%

    Maintenance Fees

    Essential Condos vs The Berczy Village Area

    Days on Strata

    Units at Essential Condos spend an average of
    20
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    1%
    below
    the list price.

    Offer Competition

    Condos in this building have an
    AVERAGE
    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

    -3%
    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

    9
    Units were Sold over the past twelve months

    Rented Units

    20
    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 - $605,000No Data$700,000 - $740,000
    Avg. Cost Per SqftNo Data$909No Data$830
    Avg. Wait for Unit Availability227 Days48 Days347 Days106 Days
    Ratio of Units in Building11%53%8%30%

    Unit Sales vs Inventory

    Total number of units listed and sold in Berczy Village