$469K · 1 bed Condo Apartment · German Mills, Markham

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About this home

Welcome To Ascot Masions In The Highly Sought-After German Mills Community of Thornhill! This Bright And Spacious 1-Bedroom Suite Offers An Ideal Blend Of Comfort, Convenience, And Value - Perfect For First Time Home Buyer, Downsizers Or Savy Investiors. Step Into A Thoughfully Designed Open Concept Layout Featuring A Generous Living And Dining Space That Walks Out To Your Private Balcony, Perfect For Morning Coffee or Evening Relaxation. The Oversized Bedroom Offers Plenty Of Room To Unwind, W…

Property details

MLS#

N12971680

Status

Buy Now

Beds

Baths

1 full, 0 half

Size

700-799

Style

Apartment

Type

Condo Apartment

Year built

—

Condo corp #: 870
Balcony: Open
Locker: Owned
Association amenities: Elevator, Gym
Fees include: Heat Included, Hydro Included, Water Included, CAC Included, Common Elements Included, Building Insurance Included, Parking Included, Cable TV Included
Pets: Yes-with Restrictions

Garage: 1-car Underground
Garage spaces: 1
Parking: 1 total
Heating: Forced Air
Heating fuel: Gas
Cooling: Central Air
Fireplaces: —
Waterfront: No
Exterior: Concrete
Fronting on: —
Cross street: Leslie Street and John Street
Basement: None
Stories: 2
Utilities: —
Laundry: Ensuite
Interior: Carpet Free
Parking features: Underground

Level	Room	Dimensions
Main	—	1.38m × 3.36m
Main	Living Room	3.64m × 5.61m
Main	Primary Bedroom	3.43m × 4.04m

Level

Room

Dimensions

Main

—

1.38m × 3.36m

Main

Living Room

3.64m × 5.61m

Main

Primary Bedroom

3.43m × 4.04m

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $469,000✓ $1,834 tax✓ Gas✓ 700-799 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,645/mo

incl. closing costs (yr 1)

Annual total

$55,740

year 1

Mortgage only

$1,779/mo

principal + interest

Beyond mortgage

$1,919/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$93,800

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$153/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~750 ft² · ON avg ~$75/mo

Gas$125/mo

Typical ON gas-heated home · ~$125/mo

Water / sewer$60/mo

ON municipal avg ~$60/mo

Internet / TV / phone$70/mo

ON internet/TV avg ~$70/mo

Maintenance & upkeep

Maintenance reserve1.0%$4,690/yr

1% of value/yr — standard reserve

Landscaping & snow$0/mo

Landscaping & snow removal · $0 default

Home insurance$100/mo

$100/mo default · adjust for your home

Security system$0/mo

Optional monitoring · $0 default

Condo / HOA fees (mo)$79/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$5,855

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)38% $21,351/yr

Property taxes14% $7,689/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance8% $4,690/yr

Condo fees20% $11,350/yr

Closing costs9% $5,100/yr

Mortgage is 38% of your true cost of ownership. The other 62% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$21,351	$1,779/mo
Government & taxes
Property tax	$1,834	$153/mo
Land transfer tax(closing)	$5,855	$488/mo
Insurance & protection
Home insurance	$1,200	$100/mo
Title insurance(closing)	$400	$33/mo
Utilities
Hydro / electricity	$900	$75/mo
Gas	$1,500	$125/mo
Water & sewer	$720	$60/mo
Internet / TV / phone	$840	$70/mo
Maintenance & upkeep
Maintenance reserve (1.0%)	$4,690	$391/mo
Condo fees
Condo / HOA fees	$11,350	$946/mo
Closing costs (one-time)
Legal / lawyer(closing)	$2,500	$208/mo
Home inspection(closing)	$600	$50/mo
Moving costs(closing)	$2,000	$167/mo
Total	$55,740	$4,645/mo

Listing facts below · Ontario averages for utilities — drag sliders to match your home. CMHC added to loan principal only — not double-counted in chart.

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Annual costs