$618,888 - 540 Bur Oak Avenue Unit 713, Markham
Condo for Sale in Markham
Popular ListingNeighbourhood: Berczy
- MLS Number
- N13680678
- Property Type
- Condo
- Status
- active
- Days on Site
- 8
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 800 sqft
- Neighbourhood
- Markham
- Locker
- Owned
- Exposure
- South West
- Balcony
- Open
- Listing Brokerage
- RE/MAX ALL-STARS REALTY INC.
Top-floor two bedroom suite at The Essential Condos, 540 Bur Oak Avenue in Berczy. South-west exposure gives an open, unobstructed outlook and holds the afternoon light until it sets. 868 square feet on the builder's plan, plus a 75 square foot balcony off the living room. Nine foot ceilings, laminate flooring throughout, in-suite laundry, open concept living and dining, and a kitchen with stainless steel appliances. Each of the two bedrooms has its own full bathroom. Owned underground parking and an owned locker included. Suite 713 also offers close proximity to the elevators. Seven storeys and 168 suites, with the amenities of a far larger building: concierge and security, fitness centre with change rooms, cedar sauna, golf simulator, landscaped rooftop terrace with barbecues, media room, party and event room with full bar and catering kitchen, meeting room, BBQ patio, guest suites, visitor parking and a private parkette. The terrace, BBQ area and rooftop garden sit directly above the suite. Designated for Pierre Elliott Trudeau High School, 6th of 747 Ontario secondary schools, and for St. Augustine Catholic High School, tied 1st of 747 and one of only four in the province to earn a perfect 10 (Fraser Institute, 2025). Stonebridge Public School is a 600 metre walk. Groceries, pharmacy, banking, two gyms, a yoga studio and five restaurants within 300 metres. Centennial GO on the Stouffville line, and Highway 407 via Kennedy or McCowan * Low maintenance fees and boutique condo living make this the perfect suite.
Estimate your monthly payments for this property
Estimated Payment
$3,175.22/mo
Includes CMHC insurance ($17,267)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Berczy
Berczy is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Berczy
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Berczy offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
540 Bur Oak Avenue Unit 713, Markham
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $774/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 800 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
About Berczy
I know Berczy well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.
Investment Perspective
Looking at this as an investment: Markham properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $2,579 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.