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$530K · 2 bed Common Element Condo · Thornhill, Markham | MyPropertyScout

$529,900

Unit 625

22Vacant

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$529,900

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Unit 625

7161 Yonge Street · Markham · Ontario L3T 0C8

MLS® N13448572 · Thornhill · L3T 0C8

22Vacant800-899 ft²Common Element Condo1-car Underground9d$624/ft²$2,990 tax/yr

16% above market · 9 days on market

Scoring based on Property Scout Neighbourhood Intelligence — use as guidance only, sometimes it's not so intelligent 👍

About this home

Luxury living at World on Yonge! This bright and spacious 2-bedroom, 2-bathroom corner unit offers 835 sq. ft. of well-designed interior space plus an oversized 190 sq. ft. wraparound balcony with unobstructed south/west views. Freshly painted throughout, this inviting home features 9 ft ceilings, laminate flooring, an open-concept kitchen with granite countertops, backsplash, and stainless steel appliances. Both bedrooms and shared living spaces are filled with natural light. The primary bedroo…

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Property details

MLS#: N13448572
Status: Buy Now
Beds: 2
Baths: 2 full, 0 half
Size: 800-899
Style: Apartment
Type: Common Element Condo
Year built: —

Property features: Library, Public Transit

Condo corp #: 1271
Balcony: Open
Locker: Owned
Association amenities: Concierge, Guest Suites, Gym, Indoor Pool, Visitor Parking
Fees include: Common Elements Included, Heat Included, Building Insurance Included, Parking Included, Water 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: Yonge & Steeles
Basement: None
Stories: 6
Utilities: —
Laundry: Laundry Closet
Interior: None
Parking features: Underground

Additional listing data

ListAOR: Toronto Regional Real Estate Board

Rooms

Level	Room	Dimensions
Main	Kitchen	1.93m × 3.38m
Main	Primary Bedroom	2.95m × 3.71m
Main	Bathroom	1.52m × 2.51m
Main	Bedroom 2	3.05m × 4.04m
Main	Bathroom	1.47m × 2.41m

Property history

Sales History

NEW

Property sales history

Location details

Comparable sales

Neighbourhood stats

Brokered by: RE/MAX EXCEL REALTY LTD.

Source: TRREB/PROPTX · MLS® N13448572

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$530K

Unit 625 · Bryon Bertrim

Coach Home Wizard

Annual costs

Monthly carrying costs, utilities, and closing cost estimates.

Pre-filled from listing✓ $529,900✓ $2,990 tax✓ Gas✓ 800-899 ft²✓ Ontario· Listing facts below · Ontario averages for utilities — drag sliders to match your home

Monthly all-in

$4,918/mo

incl. closing costs (yr 1)

Annual total

$59,019

year 1

Mortgage only

$2,010/mo

principal + interest

Beyond mortgage

$1,860/mo

taxes, utilities, upkeep

Financing

Purchase price

Down payment20%$105,980

20%+ down — no CMHC premium

Mortgage rate3.00%

Amortization

Province

Government

Property tax (annual)from listing$249/mo

Utilities

Hydro / electricity$75/mo

≈ $0.07/ft² × ~850 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%$5,299/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)$62/mo

From listing or typical fee

Closing costs (one-time, year 1)

Land transfer tax (ON)computed$7,073

Legal / lawyer fees

Home inspection

Title insurance

Moving costs

CMHC premiumNone (20%+ down)

Cost composition

Mortgage (P+I)41% $24,123/yr

Property taxes17% $10,063/yr

Utilities7% $3,960/yr

Insurance & security3% $1,600/yr

Maintenance9% $5,299/yr

Condo fees15% $8,874/yr

Closing costs9% $5,100/yr

Mortgage is 41% of your true cost of ownership. The other 59% surprises most first-time buyers.

Full breakdown

Mortgage & financing
Mortgage (P+I)	$24,123	$2,010/mo
Government & taxes
Property tax	$2,990	$249/mo
Land transfer tax(closing)	$7,073	$589/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%)	$5,299	$442/mo
Condo fees
Condo / HOA fees	$8,874	$740/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	$59,019	$4,918/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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Unit 625

About this home

MyStreetValue™ Analysis

Property details

Additional listing data

Rooms

Sales History

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Annual costs