Homula Realty Brokerage
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

3950 14th Avenue 406 & 407, Markham, ON L3R 0A9

Office
$1,300,000

Rare Opportunity To Own A Premium Professional Office Space In A Highly Desirable Markham Business Corridor. Combined Units Offer Approx. 3,162 Sq.Ft. And Currently Function As One Elegant Corporate Office Featuring A Grand Double Glass Entrance, Custom Reception Area, Executive Offices, Meeting Rooms And Functional Workspace Layout. Although Seamlessly Integrated, The Property Consists Of Two Separate Commercial Condominium Units, Providing Exceptional Flexibility For End Users And Investors. Purchasers May Acquire The Entire Premises Or Individual Units, With Vendor Willing To Assist With Restoration Costs If Separation Is Required. Located In A Well-Established Professional Office Building With Strong Occupancy And Minimal Turnover. Minutes To Hwy 404, Hwy 407, Public Transit, Restaurants, Banks And Retail Amenities. Ideal For Professional Offices, Legal, Accounting, Financial, Medical, Educational And Corporate Users.

MLS number
N13763976
Type
Office
Status
Active
Bedrooms
Bathrooms
Postal code
L3R 0A9
Photos
45
Property tax
$8,991 / year
2days · this listing
Total days on market across every earlier listing of this propertyRegistration and sign-in required

This listing’s own days on market are shown above. How long the property has been for sale across every earlier listing is drawn from records the board releases only to registered users — a free account opens it, along with the sale history below.

Listing history

No previous listings found for this address.

Where this property is

Pick a school to see the boundary it is inside. Boards redraw these — confirm with the board.

Matched to the building rather than the unit — every unit in a tower shares one coordinate.

Schools

The school boundaries this address is inside, and the schools nearest it. Boards redraw boundaries and cap programs — confirm with the board before this affects a decision.

School boundaries this address is inside

Milliken Mills PS7.3 / 10
Elementary · French Immersion · 2-8
YRDSB boundary · approved 2007
Coppard Glen PS7.1 / 10
Elementary · French Immersion · 1
YRDSB boundary · approved 2007
Milliken Mills PS7.3 / 10
Elementary · Regular Track · JK-8
YRDSB boundary · approved 1997
Unionville HS8.9 / 10
Secondary · Arts · 9-12
YRDSB boundary
Pierre Elliott Trudeau HS9.4 / 10
Secondary · French Immersion · 9-12
YRDSB boundary · approved April 2015
Milliken Mills HS8.3 / 10
Secondary · International Baccalaureate (IB) · 9-12
YRDSB boundary
Milliken Mills HS8.3 / 10
Secondary · Regular Track · 9-12
YRDSB boundary · approved March 2019
Where these boundaries come from, and what they are worth

A school boundary is the area a board draws around a school. An address inside several of them is normal — boards publish a separate boundary per program, so regular track, French immersion and specialist programs each have their own.

York Region. Published by the York Region District School Board’s planning department, with the date the board approved each boundary shown above. A boundary approved years ago is still the current one until the board redraws it, but the older the date, the more worth confirming.

Homula cannot tell you which school a child will attend. Boards move boundaries, hold students at capacity, cap programs and grant exceptions, and none of that is in any published file. The board is the only authority: YRDSB school locator.

Sources: York Region District School Board planning department.

Other schools nearby

By distance from this address, not school boundary — a school 400 m away can be in another school’s attendance area.

SchoolLevelDistanceRating
Lorvale AcademySecondary331 mNot reported
BrightMinds Academy InternationalElementary and secondary313 mNot reported
Trillium SchoolElementary and secondary751 mNot reported
Across and Vertical AcademySecondary1.3 kmNot reported
Goldenlink AcademyElementary and secondary1.3 kmNot reported
Mosedale Secondary SchoolSecondary1.4 kmNot reported

H-Value

our estimate of this home is for registered usersWhat comparable homes nearby actually sold for, worked into an estimate for this one — with the range it sits in and how far the method has been off in testing.Create a free accountAlready have one? Sign in.

What an H-Value is and how it is calculated — the method and our measured error, no account needed.

This neighbourhood

Statistics Canada 2021 Census, for the surrounding few blocks — about 8,251 people.

$64,000Median household income
52.7%Own their home
6.5%Detached houses
35.2Median age
61.2%Born outside Canada
45.7%University degree

The neighbourhood, by the census

Statistics Canada 2021 Census for dissemination area 35190636 — the few blocks around this address, home to 8,251 people. It describes the area, not this property.

8,251Population
40.2Average age
1.9Household size
$77,600Average household income
$64,000Median household income
53%Own their home
47%Rent
83%Condominiums
61%Born outside Canada
46%University degree
$715,000Average home value
24%Low income
55%Not in the labour force
33%Never married
Under $5,0004%
$5,000 to $9,9991%
$10,000 to $14,9991%
$15,000 to $19,9992%
$20,000 to $24,9994%
$25,000 to $29,9994%
$30,000 to $34,9994%
$35,000 to $39,9993%
$40,000 to $44,9993%
$45,000 to $49,9993%
$50,000 to $59,9997%
$60,000 to $69,9996%
$70,000 to $79,9996%
$80,000 to $89,9995%
$90,000 to $99,9995%
$100,000 and over21%
$100,000 to $124,9998%
$125,000 to $149,9995%
$150,000 to $199,9995%
$200,000 and over3%

Percentages are of the 5,510 responses in this category. Statistics Canada rounds counts and withholds small ones to keep individuals unidentifiable, so categories with too few people to publish are absent rather than shown as zero.

Source: Statistics Canada, 2021 Census of Population. Contains information licensed under the Open Government Licence – Canada.

Work out the numbers

Everything below is calculated in your browser from figures you can change. Nothing is sent anywhere.

$260,000 · minimum here is $105,000
$5,756.12per month
Borrowed before insurance$1,040,000
Total borrowed$1,040,000
Interest over 25 years at 4.5%$686,836

If you rented it out

-$6,505.37per month out of pocket
Rent$0.00
Everything it costs to hold$6,505.37
How this is calculated, and what it leaves out

Canadian fixed-rate mortgages compound semi-annually, not monthly, so the monthly rate here is (1 + rate/2)1/6 − 1. Most calculators use rate ÷ 12, which is the American convention and overstates the payment by tens of dollars a month.

Below 20% down, default insurance is mandatory and is added to the loan rather than paid at closing: 2.80% at 85% loan-to-value, 3.10% at 90%, 4.00% at 95%. It is unavailable at or above $1.5M, which is why 20% is a hard floor there.

Not included: vacancy, property management, capital repairs, income tax, and the fact that a lender qualifies you at a stress-test rate rather than the one you are quoted. This is arithmetic on the numbers above, not a mortgage approval or an opinion of what you can afford.

Listed by T-ONE GROUP REALTY INC.,. Listing data provided by the Toronto Regional Real Estate Board.