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MLS® N12906990

Overview

Key Facts

Type Condominium
Levels Residential
Size -
Garage Underground
Maintenance Fees $610
Taxes $1,800
Approx. Age 
MLS® Number N12906990

Property Address: 263-1 Sun Yat-Sen Ave, Markham, ON, L3R5K9

Average square foot calculated using Size range provided by listing agent.

Description

Attn : Seniors/Seniors' Adult Children/investors *Priced to sell - list price well below market price *Mon Sheong Court, demand seniors residence *Original owner *N-O-T Estate Sale *Seller moved to bigger unit in same building *670 sf, 1 BR/1 Bath unit as per plan * Bright, functional layout * Low floor, no elevator problem * Condo-style life lease senior residence designed for 55+ independent seniors, NOT to be confused with Long Term Care Centre *Suites equipped w/safety features for seniors, e.g. panic button *24/7 concierge/security *Recreation facilities: Dining rm, mahjong/games rm, exercise rm, media/karaoke rm, library, pharmacy, doctor office, spa *Roof garden on 9/F *Lots of rec programs: tai-chi, line dance, bridge, bingo, Cantonese opera, badminton hobby group, Karaoke workshop, religious group, morning/evening exercise, coffee mornings & more *Life Lease unit, Buyer can be 18+, One resident must be 55+, 2nd resident must be 18+ *Maintenance fee incl: Hydro, heat, central air, water *Upgraded laminate floor (LR/DR/Kit/BR) *Advantages of buying life lease senior housing: (1) Lower property tax (2) No land transfer tax (3) Buyer can register interest in life lease on bldg (4) Owner can sell/lease at market price in the future (5) Ability to bequeath unit to beneficiary *Senior housing offers best of both worlds: For end user: Canada's senior population is expected to hit 5.3 million over the next 10 years, growing by 1.7 million during that period" *Yet there is a stark shortage of new seniors housing residences being developed "Developers not building enough senior housing". For investor: "Investment in seniors housing soaring", "senior housing is projected a higher net operating income growth than many other real estate class through 2030", quoted from articles on "Investment in seniors housing soaring", "A Big Year for Seniors Housing Investment : 2026 To Be Even Better", "Is Canada Entering A "Golden Ear" For Investing in Seniors Housing? (see attach)Show Description
MLS® NumberN12906990
Locker
Ensuite LaundryYes
Balcony
Furnished
Laundry LevelEnsuite
Exposure
Exterior
GarageUnderground
Approx. Age
Stories2
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price

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