Sold for:Sold May 16, 2025
$799,800

Unit 707, 540 Bur Oak Avenue

Markham (Berczy), ON L6C 0Y2

Condo Apartment SoldNot available
Essential Condos exteriorEssential Condos6 storeys, 168 suites, built 2015

Property not available for sale or for rent.

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Sale & Price History for Unit 707, 540 Bur Oak Avenue, Markham, Berczy

2025-04-09
2025-05-16
Sold
Price
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MLS#
n12072070

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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.

About Unit 707, 540 Bur Oak Avenue, Markham, Berczy

Lower Penthouse Living at its finest! Rarely offered corner unit with a massive 450 sq ft terrace and a highly efficient, square-shaped floor plan designed to optimize both space and flow. Unlike many other units, this layout eliminates awkward angles, offering a clean,functional design throughout. This stunning 2-bedroom + Den, 2- full bathroom condo features an open-concept living space flooded with natural light, thanks to oversized windows and unobstructed, panoramic south-east views. The true showstopper is the huge, private 450 sq ft wraparound terrace, offering three separate walkouts ideal for entertaining, lounging, or simply enjoying morning coffee with the sunrise. The modern kitchen opens to a spacious living and dining area, creating the perfect setting for both everyday living and hosting guests. Both bedrooms are generously sized, with ample storage and natural light. The primary bedroom includes a 4-piece ensuite and his & hers closets! Located in safe, vibrant and family friendly Berczy community; just steps from grocery stores, restaurants, the top-rated schools in the country (Pierre Elliott Trudeau HS (9.8/10), Stonebridge PS (9.7), St. Augustine Catholic HS(9.8)), parks, and Mount Joy GO Station for an easy downtown commute. Welcome home! 2 premium parking spots & 2 storage lockers (side by side) a rare and valuable find.Freshly Painted, Newly updated Light Fixtures throughout!

Key Facts & Features

Property Costs

Annual Property Tax Amount
$3,443
Land Transfer Tax Fee
$12,471

Condo/Maintenance Fee

Maintenance Fee
$764 /month

Included In Maintenance Fee

  • Heat Included
  • Water Included
  • Common Elements Included
  • Building Insurance Included
  • Parking Included

Basement Type
None

Interior Features

Pets Permitted
Yes-with Restrictions
Laundry Features
Ensuite
Laundry Level
Main Level
Interior Extras
None
Security Features
Concierge/Security
Fireplace/Stove
No
Elevator
No

Exterior Features

Balcony
Terrace

Building Amenities

  • BBQs Allowed
  • Concierge
  • Guest Suites
  • Gym
  • Media Room
  • Party Room/Meeting Room

Building

Building Type
Condo Apartment
Building Style
Apartment
Building Name
The Essential
Condo Corp Number
1325

Construction

Exposure
South East
Exterior Finish
Brick
Special Designation
Unknown

Inclusions

Inclusions
All Window Coverings. Motorized Blinds in Primary Bedroom. All light fixtures. SS Stove, Micro, Fridge, Dishwasher. Washer & Dryer.

Exclusions

Exclusions
Freezer

Parking & Garages

Garage Type
Underground
Garage Spaces
2
Parking Type
Owned
Parking Spaces
2
Total Garage And Parking Spaces
2

Lockers

Locker Type
Owned
Locker Unit
B143
Locker Number
B144
Locker Level
B

Heating & Cooling

Heat Source
Gas
Heat Type
Forced Air
Air Conditioning
Central Air

Bedrooms
2 + 1
Washrooms
2
Kitchens
1

Room sizes

  • Living Room—
    Flat level, Laminate, Combined w/Dining, W/O To Balcony
  • Dining Room—
    Flat level, Laminate, Combined w/Living, W/O To Balcony
  • Kitchen—
    Flat level, Laminate, Granite Counters, W/O To Balcony
  • Primary Bedroom—
    Flat level, Walk-In Closet(s), 4 Pc Ensuite, His and Hers Closets
  • Bedroom 2—
    Flat level, Laminate, Double Closet, Large Window
  • Den—
    Flat level, Laminate, Open Concept

Washrooms

  • 3-piece, Flat
  • 4-piece, Flat

Municipality
Markham
Neighbourhood
Berczy
Main cross streets
McCowan Rd & Bur Oak Ave
Directions
McCowan Rd & Bur Oak Ave

MLS® number
N12072070
Data source
Toronto Regional Real Estate Board
Status change
2025-05-16
Listed on
2025-04-09
Days on market
37 days
Possession type
Flexible
Co-op commission
2.5% + HST
Seller
Listed by
ROYAL LEPAGE SIGNATURE REALTY

Home Market Value

Current home valuation for Unit 707, 540 Bur Oak Avenue, Markham, Berczy, Markham, ON. Listed for $799,800

HOMEH Estimate

?

$646,982

Estimated Sales Range

?

$552,493 - $741,471

HOMEH Estimate for Unit 707, 540 Bur Oak Avenue, Markham, Berczy

Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.

$646,982High confidence
Based on 3 comparable properties
See the full analysisFree Every recent nearby sale behind this number

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Mortgage Payment Calculator

Compare up to 4 down payment scenarios

$
Markham, ON
Minimum Down Payment Required:6.9%

5% on first $500K + 10% on $299,800 over $500K

Minimum down payment

$54,980

Scenario 1 Scenario 2 Scenario 3 Scenario 4
−Down payment
%
$
%
$
%
$
%
$
+CMHC insurance
$29,785$22,314$19,035$0
=Total mortgage
$774,399$742,134$698,865$639,840
Amortization
Mortgage rate
%
%
%
%
Payment frequency
=Mortgage payment
$3,781monthly$3,623monthly$3,412monthly$3,124monthly
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Land Transfer Tax

Provincial

$12,471

Total Land Transfer Tax

$12,471

Around this home

9/100Almost All Errands Require a Car
0/100Minimal Transit
0/100Not rated
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