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    Markham / Berczy Village

    540 - 540 Bur Oak Ave

    For SaleEssential Condos
    $580,000
    Price Cut: $609,900
    1 Bed + 1
    1 Bath
    2 Parking
    624 SQFT
    62 Days on Strata
    Est Sell Timeframe
    13 Days

    Listing History

    Unit Highlights

    Property Type:
    Condo
    Maintenance Fees:
    $526/mth
    Taxes:
    $2,286 (2024)
    Cost Per Sqft:
    $929/sqft
    Locker:
    Owned
    Outdoor Space:
    Balcony
    Exposure:
    East
    Possession Date:
    Immediately
    Laundry:
    Ensuite
    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

    Prim Bdrm
    Laminate, Walk-in Closet, Large Window
    11.45 x 9.71ft
    Den
    Laminate
    6.63 x 7.74ft
    Living
    Combined with Dining, Laminate, Walkout To Balcony
    11.06 x 13.19ft

    About this Listing

    Rare and spacious 1+Den layout with 2 parking spots and 1 locker in the sought after Berczy community! Den can be used as a 2nd bedroom or as an office. Open layout with walkout to the balcony. Upgraded fridge and rangehood! Located centrally amongst top ranking schools, grocery, shopping mall, walk-in clinic, GO Station and highway. Tons of amenities including a breath taking rooftop terrace and even a golf simulator!

    century 21 atria realty inc.MLS® #N9300586

    Amenities

    Concierge
    Visitor Parking
    Party Room
    Rec Room
    Rooftop Deck
    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
    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%

    Transactions vs Inventory

    Total number of units listed and sold in Berczy Village