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    7811 Yonge Street

    2for Sale
    0for Rent

    Building Details

    Property Type:
    Condo
    Number of Storeys:
    13
    Number of Units:
    148
    Condo Completion:
    1975
    Condo Demand:
    Medium
    Unit Size Range:
    749 - 1,400 SQFT
    Unit Availability:
    Medium
    Property Management:

    Listing History for The Summit Condos

    Receive listing updates for Thornhill - Markham

    Amenities

    Outdoor Pool
    Rec Room
    Bike Storage
    Games Room
    Security System
    Gym Room

    Maintenance Fees

    Included
    Hydro
    Heat
    Air Conditioning
    Water
    Excluded
    None

    About 7811 Yonge StreetThe Summit Condos

    Anyone who’s seeking a Markham condo for sale should consider The Summit Condos at 7811 Yonge Street. Vincent Court Apartment Limited completed this building back in 1975, but unlike other buildings of that age, maintenance fees are on the higher end at $0.89 per-square-foot. The 13-storey building is home to 148 suites with units ranging between 749 and 1400 square feet.

    Maintenance fees at 7811 Yonge Street are $0.89 per-square-foot, which is on the higher end compared to the average of about $0.67, however the maintenance fees do include all utilities (usually at least hydro is separate).

    The Suites

    On average, units at 7811 Yonge Street sell -1.68% below the list price, and units have a low chance of receiving multiple offers (aka a “bidding war”). The average cost per-square-foot in the condo (based on past 12 months of sales) is $658 and units sell with 27 days on market on average. Over the past 12 months, 8 have sold and 1 has have been rented here.

    The Neighbourhood

    Those who call this condo home never have to travel far for dining out, as Las Brasas Food Truck Grill, Oishi Sushi and Royal Orchard Thai Cuisine are all within 15 minutes walking distance from 7811 Yonge Street. In the mornings, become a regular at Starbucks, a quick 4-minute walk from The Summit Condos.

    There are a number of grocery stores within a short drive, including Food Basics and Parsian Fine Foods.

    Planning for your future is easy with Scotiabank and Hana Bank Canada -Thornhill Br. in the area.

    Getting some fresh air is a breeze when you live at 7811 Yonge Street because excellent green spaces like Thornhill Park and Cricklewood Park are walkable in under 5 minutes.

    Like to shop? Everything you need is close by when you live at 7811 Yonge Street, including Small plaza, Worldshops mall and North Yonge Market Place which are only 4 away.

    If you’re tired of the usual neighbourhood attractions, then perhaps having Shamsi's Art Gallery and Felicity Art less than a 5-minute drive away will give you a lift.

    The Summit Condos is a short drive away from Mehe Elementary School and I Am Smart S-Cool ABA Center and Private School, giving you plenty of choice for your child’s education. Families with older children will be happy to know that Bee Smart Learning Centre and Thornhill Secondary School can be reached by car in under 2 minutes.

    Transportation

    Transit users will need to trek a bit to Yonge St. @ Meadowview Ave., the nearest light transit stop. Finch Station is about a 11-minute drive from the building.

    Curious about similar condos in the area? Check out 1-100 Cricklewood Crescent, 50 Inverlochy Boulevard and 80 Inverlochy Boulevard — all within walking distance.

    2

    Listings For Sale

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    Explore Neighbourhood

    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!'

    Similar condos

    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
    0 - 14
    19%
    15 - 19
    1%
    20 - 34
    20%
    35 - 49
    22%
    50 - 64
    21%
    65+
    14%
    Household Income
    $0 - $30,000
    41%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    10%
    $125,000+
    7%
    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%

    Maintenance Fees

    The Summit Condos vs The Thornhill - Markham Area

    Days on Strata

    Units at The Summit Condos spend an average of
    27
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    2%
    below
    the list price.

    Offer Competition

    Condos in this building have a
    LOW
    chance of receiving
    Multiple Offers
    compared to other buildings in Thornhill - Markham

    Turnover of Units

    On average, each unit is owned for
    20.7
    YEARS before being sold again

    Property Value

    1%
    Increase in property value within the past twelve months

    Price Ranking

    18th
    Highest price per SQFT out of 43 condos in the Thornhill - Markham area

    Sold Units

    8
    Units were Sold over the past twelve months

    Rented Units

    1
    Units were Rented over the past twelve months

    Best Value Rank

    The Summit Condos offers the
    ?
    best value out of 43 condos in the Thornhill - Markham neighbourhood

    Appreciation Rank

    The Summit Condos has the
    ?
    highest ROI out of 43 condos in the Thornhill - Markham neighbourhood

    Rental Yield

    The Summit Condos yields the
    ?
    highest rent prices out of 43 condos in the Thornhill - Markham neighbourhood

    High Demand

    The Summit Condos is the
    ?
    most popular building out of 43 condos in the Thornhill - Markham neighbourhood

    Transaction Insights at 7811 Yonge Street

    1 Bed1 Bed + Den2 Bed2 Bed + Den3 Bed
    Price Range$592,500No Data$635,000$732,000 - $917,500$740,000
    Avg. Cost Per Sqft$782No Data$664$661$629
    Avg. Wait for Unit Availability224 Days264 Days213 Days140 DaysNo Data
    Ratio of Units in Building19%18%24%39%1%

    Unit Sales vs Inventory

    Total number of units listed and sold in Thornhill - Markham