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    707 - 540 Bur Oak Ave

    $819,5002 bds2 ba2 pk1,030 sqft
    7 Days on Strata
    Est Sell Timeframe:
    12 Days
    $819,500
    2 Beds + 1
    2 Bath
    2 Parking
    1,030 SQFT

    Listing History


    Details

    Property Type:

    Condo

    Maintenance Fees:

    $764/mth

    Taxes:

    $3,443 (2024)

    Cost Per Sqft:

    $796/sqft

    Outdoor Space:

    Terrace

    Locker:

    Owned

    Exposure:

    South East

    Possession Date:

    To Be Determined

    Laundry:

    Main

    Amenities

    Indoor Parking
    Bike Storage
    Games Room
    Visitor Parking
    Guest Suites
    Concierge
    Rec Room
    BBQs Allowed
    Rooftop Deck
    Gym
    Sauna
    Media Room
    Party Room

    About this Listing

    Lower Penthouse Living at its finest! Rarely offered corner unit with a massive 450 sq ft terrace and a highly efficient, square-shaped floor plan designed to optimize both space and flow. Unlike many other units, this layout eliminates awkward angles, offering a clean,functional design throughout. This stunning 2-bedroom + Den, 2- full bathroom condo features an open-concept living space flooded with natural light, thanks to oversized windows and unobstructed, panoramic south-east views. The true showstopper is the huge, private 450 sq ft wraparound terrace, offering three separate walkouts ideal for entertaining, lounging, or simply enjoying morning coffee with the sunrise. The modern kitchen opens to a spacious living and dining area, creating the perfect setting for both everyday living and hosting guests. Both bedrooms are generously sized, with ample storage and natural light. The primary bedroom includes a 4-piece ensuite and his & hers closets! Located in safe, vibrant and family friendly Berczy community; just steps from grocery stores, restaurants, the top-rated schools in the country (Pierre Elliott Trudeau HS (9.8/10), Stonebridge PS (9.7), St. Augustine Catholic HS(9.8)), parks, and Mount Joy GO Station for an easy downtown commute. Welcome home! 2 premium parking spots & 2 storage lockers (side by side) a rare and valuable find.Freshly Painted, Newly updated Light Fixtures throughout!

    ExtrasAll Window Coverings. Motorized Blinds in Primary Bedroom. All light fixtures. SS Stove,Micro, Fridge, Dishwasher. Washer & Dryer.

    royal lepage signature realtyMLS® #N12072070

    Fees & Utilities

    Maintenance Fees

    Included in Fees
    Heat
    Water
    Parking
    Building Maintenance
    Building Insurance
    Not Included
    Hydro
    Air Conditioning

    Utility Type

    Air Conditioning

    Central Air

    Heat Source

    No Data

    Heating

    Forced Air

    Room Dimensions

    Living

    Laminate, Combined with Dining, Walkout To Balcony

    20.01 x 11.29ft

    Dining

    Laminate, Combined with Living, Walkout To Balcony

    20.01 x 11.29ft

    Kitchen

    Laminate, Granite Counter, Walkout To Balcony

    10.89 x 10.11ft

    Primary

    Walk-in Closet, 4 Piece Ensuite, His/Hers Closets

    12.89 x 10.7ft

    2nd Bedroom

    Laminate, Double Closet, Large Window

    10.7 x 9.09ft

    Den

    Laminate, Open Concept

    7.71 x 7.61ft

    Buyer's Market
    Balanced
    Seller's Market

    Similar Listings

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    5/10
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    4/10
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    5/10
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    A perfect balance of challenge and 'Hey, I didn’t know there was a bike shop here!'

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    Demographics

    Based on the dissemination area as defined by Statistics Canada. A dissemination area contains, on average, approximately 200 – 400 households.

    Population
    13,051
    Average Individual Income
    $82,194
    Average Household Size
    2 persons
    Average Age
    37
    Average Household Income
    $153,502
    Dominant Housing Type
    Detached
    Population By Age
    0 - 14
    19%
    20 - 34
    19%
    35 - 49
    22%
    50 - 64
    23%
    65+
    14%
    Household Income
    $0 - $30,000
    40%
    $30,000+
    24%
    $60,000+
    16%
    $90,000+
    10%
    $125,000+
    8%
    Housing Types & Tenancy
    Detached
    76%
    Semi Detached
    13%
    Low Rise Apartment
    7%
    Duplex
    2%
    Marital Status
    Commute
    Languages (Primary Language)
    English
    90%
    Other
    8%
    Mandarin
    1%
    Punjabi
    1%
    Education
    High School
    29%
    University and Above
    25%
    College
    21%
    None
    14%
    Apprenticeship
    5%
    University Below Batchelor
    2%
    Major Field of Study
    Business Management
    23%
    Architecture & Engineering
    19%
    Social Sciences
    14%
    Health & Related Fields
    10%
    Humanities
    6%
    Education
    6%
    Personal, Protective & Transportation Services
    5%
    Math & Computer Sciences
    4%
    Visual & Performing Arts
    4%
    Physical Sciences
    3%
    Agriculture & Natural Resources
    1%


    Days on Strata

    Units at Essential Condos spend an average of
    29
    Days on Strata
    based on recent sales

    List vs Selling Price

    On average, these condos sell for
    100%
    of the list price.
    Or in other words, the
    entire list price

    Offer Competition

    Condos in this building have an
    AVERAGE
    chance of receiving
    Multiple Offers
    compared to other buildings in Berczy Village

    Turnover of Units

    On average, each unit is owned for
    6
    YEARS before being sold again

    Property Value

    -9%
    Decrease in property value within the past twelve months

    Price Ranking

    1st
    Highest price per SQFT out of 2 condos in the Berczy Village area

    Sold Units

    13
    Units were Sold over the past twelve months

    Rented Units

    13
    Units were Rented over the past twelve months

    Best Value Rank

    Essential Condos offers the
    ?
    best value out of 2 condos in the Berczy Village neighbourhood

    Appreciation Rank

    Essential Condos has the
    ?
    highest ROI out of 2 condos in the Berczy Village neighbourhood

    Rental Yield

    Essential Condos yields the
    ?
    highest rent prices out of 2 condos in the Berczy Village neighbourhood

    High Demand

    Essential Condos is the
    ?
    most popular building out of 2 condos in the Berczy Village neighbourhood

    Market Insights

    Transaction Insights at Essential Condos

    1 Bed1 Bed + Den2 Bed2 Bed + Den
    Price RangeNo Data$560,000 - $605,000$680,000$660,000 - $695,000
    Avg. Cost Per SqftNo Data$894$727$694
    Avg. Wait for Unit Availability227 Days50 Days420 Days107 Days
    Ratio of Units in Building11%53%8%30%

    Market Inventory

    Total number of units listed and sold in Berczy Village