Scribd Logo
Upload

Welcome to Scribd!

  • 28 views

    Avg. Pricing: $440k $523k $490k $525k $658k +8.3% $658/sq - FT

    Uploaded by

    Hansen Li
    The document provides pricing data and market commentary on condo units in Markham, Ontario from November 2019. 1 bedroom units averaged $440k-$523k, while 2 bedroom units averaged $658k. Year-over-year prices increased 8.3% in Markham compared to 6.5% in Toronto. A 1 bedroom + den unit in Uptown Markham sold for $540k due to a sizable south-facing terrace with river views, which was deemed worth an additional $40k or 8% over comparable units without large outdoor space. The document also advertises a new pre-construction project in Markham with 1 bedroom starting at $470k and 1 bedroom + den starting at $640k

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content

    You might also like

    Avg. Pricing: $440k $523k $490k $525k $658k +8.3% $658/sq - FT

    Uploaded by

    Hansen Li
    28 views4 pages
    The document provides pricing data and market commentary on condo units in Markham, Ontario from November 2019. 1 bedroom units averaged $440k-$523k, while 2 bedroom units averaged $658k. Year-over-year prices increased 8.3% in Markham compared to 6.5% in Toronto. A 1 bedroom + den unit in Uptown Markham sold for $540k due to a sizable south-facing terrace with river views, which was deemed worth an additional $40k or 8% over comparable units without large outdoor space. The document also advertises a new pre-construction project in Markham with 1 bedroom starting at $470k and 1 bedroom + den starting at $640k

    Original Description:

    November 2019 Report

    Original Title

    Markham Condos

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    The document provides pricing data and market commentary on condo units in Markham, Ontario from November 2019. 1 bedroom units averaged $440k-$523k, while 2 bedroom units averaged $658k. Year-over-year prices increased 8.3% in Markham compared to 6.5% in Toronto. A 1 bedroom + den unit in Uptown Markham sold for $540k due to a sizable south-facing terrace with river views, which was deemed worth an additional $40k or 8% over comparable units without large outdoor space. The document also advertises a new pre-construction project in Markham with 1 bedroom starting at $470k and 1 bedroom + den starting at $640k

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    28 views4 pages

    Avg. Pricing: $440k $523k $490k $525k $658k +8.3% $658/sq - FT

    Uploaded by

    Hansen Li
    The document provides pricing data and market commentary on condo units in Markham, Ontario from November 2019. 1 bedroom units averaged $440k-$523k, while 2 bedroom units averaged $658k. Year-over-year prices increased 8.3% in Markham compared to 6.5% in Toronto. A 1 bedroom + den unit in Uptown Markham sold for $540k due to a sizable south-facing terrace with river views, which was deemed worth an additional $40k or 8% over comparable units without large outdoor space. The document also advertises a new pre-construction project in Markham with 1 bedroom starting at $470k and 1 bedroom + den starting at $640k

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    of 4

    Markham Condos

    Nov‘19
    Avg. Pricing

    1 bathroom 2 bathrooms

    1 bedroom $440k $523k


    Low: 415k Hi: 455k Low: 523k Hi: 523k

    1 bedroom + den $490k $525k


    Low: 435k Hi: 540k Low: 497k Hi: 567k

    2 bedrooms $658k
    Low: 586k Hi: 740k
    Year over Year Change in value Average PSF

    +8.3% $658/sq.ft.
    Comparison: Toronto +6.5% Comparison: GTA $756/sq.ft.
    Average Condo Prices (GTA)
    $650k

    $600k

    $550k
    2017
    2018

    $500k 2019

    $450k

    $400k
    Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec

    Condo Commentary
    My Personal Thoughts on a Recent Sale

    18 Uptown Dr, 3rd floor South Facing


    1 bedroom + den & 1 bathroom
    Size: 665 sq ft
    Highway 7 & Birchmount
    This unit in Uptown Markham Riverwalk commanded eight offers on
    bidding night and was sold for a whopping $540k, the highest 1+den
    sold last month.
    Its main differentiator is the sizable terrace facing an unobstructed
    view of an environmentally protected ravine area.

    In comparison, the average market price of similar units without the


    terrace has just surpassed the $500,000 mark this fall season (from
    $470,000-$480,000 in the summertime).
    The value of a terrace is based on its usability, view, exclusivity,
    restrictions, and is largely subjective to its buyer. In this case, it
    seems like this terrace is worth around $40,000, or 8% of the total
    price of the property. Would you pay $40,000 more for this terrace,
    or stick with a traditionally balcony instead?
    HOT Pre-construction
    Project

    *High End & High Tech*


    *Multi-Purpose Sports Gym*
    (basketball, badminton...)
    *Free Premium Upgrades on Suite, Kitchen & Bathroom
    Available, Up to $85k Value*

    1 Bedroom 1 Bath
    580 sq. ft. +
    28 sq. ft. balcony

    Exposure:
    North West

    Starting $470,000

    1 Bedroom + Den
    2 Bathrooms
    750 sq. ft. +
    218 sq. ft. Terrace

    Exposure:
    North

    Starting $640,000
    Assignment Offers
    Pre-construction Projects Completing Soon

    York Condos
    8151 Warden Ave.
    Occupancy 2020
    7th Floor (Penthouse)
    2 bed, 2 bath
    768 sq.ft. + 100 sq.ft.
    balcony
    Exposure: S
    Parking & Locker
    $550,000

    York Condos
    8151 Warden Ave.
    Occupancy 2020
    5th Floor (Terrace Unit)
    1 bed + den, 2 bath
    595 sq.ft. + 100 sq.ft.
    terrace
    Exposure: N
    Parking & Locker
    $508,000

    THANK YOU!
    I can be reached for inquiries though Instagram direct
    message, or through my below contact information
    Sincerely,

    Your Local Condos Specialist,

    Hansen Li
    Sales Representative
    RE/MAX Imperial Realty Inc.
    Cell: (647) 964-2655
    hansenlirealtor@gmail.com

    You might also like