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12 hours on Market

1 Sun Yat Sen Blvd #263, Markham, Ontario L3R 5K9

In the same building:
-
Condo
1
1
~600-699 sqft
$399,900
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Condo
1
1
~600-699 sqft

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Highlights

Property Estimate

Days on market12 hours

Estimated valueNot available

Price/Sqft$619/sqft

Monthly cost

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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 * Bright, functional layout * Low floor, no elevator problem * Condo-style retirement building/suites for 55+ independent seniors, NOT to be confused with Long Term Care Centre * Suites equipped with senior-inspired features * Recreation facilities incl: recreation/dining room, concierge/security, mahjong room, exercise room, games room, media room * Lots of recreation programs : tai-chi, line dance, bridge, bingo, Cantonese opera, badminton hobby group, Karaoke workshop, religious group, singing skills exchange, morning & evening exercise, coffee mornings & more* Life Lease unit, Buyer can be 18+, resident must be 55+, 2nd resident must be 18+ * Maintenance fee incl: Hydro, heat, central air, water * Laminate floor (LR/DR/Kit/BR) * Advantages of buying retirement home: (1) Lower property tax (2) No land transfer tax (3) Buyer can register interest in life lease on development (4) Owner can sell / lease at market value in the future (5) Ability to bequeath unit to beneficiary * Senior housing offers best of both worlds - end user or investor - 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". As an investment, "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? (please see attachments)


Property Details

StyleApartment
View-
Age of property-
SqFt~600-699 SqFt
Lot Size-
Parking Spaces-
MLS ®NumberN12906990
Community NameMilliken Mills East
Data SourceTRREB
Listing byMARKHAM CENTRE REALTY INC.

Features

Heating: Forced Air
Cooling: Central Air

2Story
Amenities

Exercise Room, Games Room, Visitor Parking, Concierge, Recreation Room, Elevator

Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Mar 22, 2026
ListedActive
$399,900
12 hours on market
Listing by trreb®
Property listed by MARKHAM CENTRE REALTY INC., Brokerage
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Market Data - Milliken Mills East

Geo Zone Map ThumbnailMilliken Mills East

Strong Buyer's Market

View Market Data

Condo - for the past 30 days

Buyer's market Seller's market

Avg. Days on Market

Past 30 days

62 days

Compared to

2025

11 days

2024

46 days

2023

92 days

New Listings

Past 30 days

13 listings

Compared to

2025

20 listings

2024

8 listings

2023

11 listings

Units sold

Past 30 days

3 units

Compared to

2025

5 units

2024

9 units

2023

1 unit

Median Sold Price

Past 30 days

$420,000

Compared to

2025

$588,000

2024

$605,000

2023

$1,000,000


Population and Demographics

Overview

Total population 25866
Average household income $114,708

Age (%)

0 to 19
18%
20 to 34
21%
35 to 49
17%
50 to 64
22%
65 and plus
21%

Household composition (%)

Single family
75%
Single person
16%
Multi person
5%
Multi family
4%

Mother tongue (%)

Yue (Cantonese)
32%
English
27%
Mandarin
19%
Tamil
6%
Punjabi (Panjabi)
2%
Urdu
2%
Tagalog (Pilipino, Filipino)
1%
Hakka
1%
Others
1%
Gujarati
1%

House tenancy (%)

Owners
84%
Renters
16%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget