Maintenance Fees
The Summit Condos vs The Thornhill - Markham Area
for sale
100 Days on Strata
508 - 7811 Yonge St
$579,900
2 Beds
2 Bath
1 Parking
958 SQFT
Price History
- Maintenance Fees:
- $1,093/mth
- Taxes:
- $2,055 (2025)
- Property Type:
- Condo
- Cost Per Sqft:
- $605/sqft
- Outdoor Space:
- Balcony
- Locker:
- None
- Possession Date:
- TBD
- Exposure:
- South
Amenities
Visitor Parking
Gym
Bike Storage
Party Room
Sauna
Games Room
Outdoor Pool
Rec Room
Indoor Parking
Amenity details for reference only. Independently verify accuracy.
About this Listing
Welcome to an exceptionally well maintained 2 bedroom, 2 bath condo of the renowned "Thornhill Summit" that has been lovingly cared for by the same owner for over 40 years! (Never rented!) The building enjoys a multitude of amenities in the fabulous location of Old Thornhill Village, with renovated common areas and most recently, the Air Conditioning/Heating HVAC system. Nestled on a quiet floor, this unit boasts a spacious open concept living & dining room with access to a south facing and completely private balcony. The bright and functional kitchen has lots of cupboard & counter space perfect for everyday living with a handy breakfast bar that provides a ton of natural light. Primary suite offers an elegant 2 piece ensuite & large walk-in closet. Ample closet space & storage throughout including an oversized utility room with laundry facilities and shelving for organization. Enjoy the sparkling outdoor pool, sauna, gym, party room or a quiet library room to recharge or relax. Your friends and family will love all the Visitor Parking! All utilities included in maintenance fees keep expenses stress free! Walking distance to local shops, library, nature trails, restaurants, transit (including approved Royal Orchard Subway stop!) & schools. Close to the iconic Farmer's Market, 3 Golf Courses, Active Community Centre and Hwys 407 & 404!
ExtrasFridge, Stove, Built In Dishwasher (inoperable), Washer, Dryer, All Window Covers, All Electric Light Fixtures, Designer Deck Flooring on Balcony, Private Balcony 2.75 x 2.4m. Updated Ventilation system & serviced annually. Electric Panel Replaced & Updated, Moulding on all Doors.
royal lepage your community realtyMLS® #N12343701
Utilities & Inclusions
- Hydro
- Included
- Heat
- Included
- Air Conditioning
- Included
- Water
- Included
- Parking
- Included
- Building Maintenance
- Included
- Building Insurance
- Included
- Heating Type
- Fan Coil
- Heat Source
- Electric
- Air Conditioning Type
- Central Air
Dimensions
- Living
- 27.33 x 13.78ft
- Carpet, Combined with Dining, Walkout To Balcony
- Dining
- 27.33 x 13.78ft
- Carpet, Combined with Living, Mirrored Walls
- Kitchen
- 9.58 x 8.43ft
- Updated, Coffered Ceiling, Breakfast Bar
- Primary
- 15.06 x 10.56ft
- Carpet, 2 Piece Ensuite, Walk-in Closet
- 2nd Bedroom
- 13.78 x 9.61ft
- Carpet, Double Closet, Window
- Utility
- 7.68 x 5.02ft
- Combined with Laundry
Building Spotlight
Similar Listings
Explore Thornhill - Markham
Map
6/10
Walkability
Your legs are getting a workout, and so is your patience. But look, a wild post office appears!
5/10
Transit
You won't need to read all of 'War and Peace' at the bus stop... just a few chapters.
4/10
Bikeability
A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'
Mortgage Calculator
Demographics
Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.
Population
34,479
Average Individual Income
$80,221
Average Household Size
3 persons
Average Age
36
Average Household Income
$139,819
Dominant Housing Type
Detached
Population By Age
Household Income
Housing Types & Tenancy
Detached
67%
Semi Detached
19%
Duplex
5%
Low Rise Apartment
4%
High Rise Apartment
3%
Marital Status
Commute
Languages (Primary Language)
English
83%
Other
10%
Cantonese
3%
Mandarin
2%
Russian
1%
Tamil
1%
Education
High School
29%
University and Above
29%
College
20%
None
13%
Apprenticeship
4%
University Below Batchelor
2%
Major Field of Study
Business Management
23%
Architecture & Engineering
19%
Health & Related Fields
13%
Social Sciences
12%
Personal, Protective & Transportation Services
5%
Humanities
5%
Education
5%
Math & Computer Sciences
4%
Physical Sciences
3%
Visual & Performing Arts
3%
Agriculture & Natural Resources
1%
Building Trends At The Summit Condos
Days on Strata
Units at The Summit Condos spend an average of
58
Days on Strata
based on recent sales
List vs Selling Price
On average, these condos sell for
4%
below
the list price.
Offer Competition
Condos in this building have a
LOWchance of receiving
Multiple Offers
compared to other buildings in Thornhill - Markham
Turnover of Units
On average, each unit is owned for
20
YEARS before being sold againProperty Value
-10%
Decrease in property value within the past twelve months
Price Ranking
1st
Highest price per SQFT out of 11 condos in the Thornhill - Markham area
Sold Units
4
Units were Sold over the past twelve months
Rented Units
4
Units were Rented over the past twelve months
Best Value Rank
The Summit Condos offers the best value out of 11 condos in the Thornhill - Markham neighbourhood
?
Appreciation Rank
The Summit Condos has the highest ROI out of 11 condos in the Thornhill - Markham neighbourhood
?
Rental Yield
The Summit Condos yields the highest rent prices out of 11 condos in the Thornhill - Markham neighbourhood
?
High Demand
The Summit Condos is the most popular building out of 11 condos in the Thornhill - Markham neighbourhood
?
Market Insights
Transaction Insights at The Summit Condos
| 1 Bed | 1 Bed + Den | 2 Bed | 2 Bed + Den | 3 Bed | |
|---|---|---|---|---|---|
| Price Range | No Data | $670,000 | $635,000 | $570,000 - $710,000 | No Data |
| Avg. Cost Per Sqft | No Data | $735 | $679 | $555 | No Data |
| Price Range | $2,500 | $2,700 | $2,700 | No Data | No Data |
| Avg. Wait for Unit Availability | 242 Days | 432 Days | 285 Days | 137 Days | No Data |
| Avg. Wait for Unit Availability | 223 Days | 1466 Days | 734 Days | 365 Days | No Data |
| Ratio of Units in Building | 18% | 18% | 19% | 38% | 1% |
Market Inventory
Total number of units listed and sold in Thornhill - Markham
