The Essential Condos Condos in Markham

540 Bur Oak Avenue, Markham

Total Units

0

For Sale

0

For Rent

19

Sold

43

Leased

$579K

Avg Price

26

Days (Sale)

21

Days (Lease)

OQ

OVAIS QASSIM

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Property Type:
Condo
Number of Units:
Condo Demand:
High
Unit Availability:
Number of Storeys:
Condo Completion:
Unit Size Range:
500 - 1,199 SQFT
Property Management:
Shiu Pong Management

Market Overview

For-Sale Inventory

Highest Sale (12mo)

$650K

Lowest Sale (12mo)

$476K

Median Maintenance

$668/mo

Year Built

The Essential Condos Market

Updated Aug 21, 2026
Condos
Median sale price
$476K
Median PSF (est.) 4.1%
$733/sqft
Sold last 90 days
1
Active listings
0
Months of inventory
Avg days on market
3
Sale-to-list ratio
98.74%
Absorption rate
0.0%
Market Insights
Investor mix — estimated proxy (90d)
Investor-proxy share: 85.71% · End-user: 14.29% (from 1 sales, 6 leases)
Price reductions (90d)
Price-reduction rate: 0.00%
Re-entries (past 12 months)
Re-entries: 0 · rate 0.00%
Median PSF (est.) vs parent area
Median PSF: $733+0.00% vs community avg ($733)[at_par]
Concession pattern by unit type (90d)
2br (9 sales)88.89% closed with concessions, avg 1.83% below ask
3br (6 sales)100.00% closed with concessions, avg 3.09% below ask
Seasonality (annual pattern)
Historically strongest months: Jul, Oct, Apr
Historically weakest months: Jan, Feb, Dec
Annual averages: DOM 27.2d · sale-to-list 98.74% (n=15)
Monthly detail
Jan · 1 sales · DOM 38.0d · STL 97.28%
Feb · 2 sales · DOM 45.5d · STL 105.64%
Apr · 3 sales · DOM 17.3d · STL 97.27%
May · 2 sales · DOM 25.0d · STL 98.04%
Jun · 1 sales · DOM 27.0d · STL 96.90%
Jul · 1 sales · DOM 3.0d · STL 99.17%
Aug · 2 sales · DOM 20.0d · STL 96.49%
Sep · 1 sales · DOM 29.0d · STL 99.35%
Oct · 1 sales · DOM 8.0d · STL 97.74%
Dec · 1 sales · DOM 70.0d · STL 98.45%

Market Intelligence

Price per sqft analysis and trends

The Essential Condos

Sale PSF

N/A

Lease PSF

N/A

Berczy

Sale PSF

$591/sqft

1 sales

Lease PSF

$2.87/sqft/mo

3 leases

Markham

Sale PSF

$636/sqft

70 sales

Lease PSF

$3.08/sqft/mo

9 leases

York

Sale PSF

$627/sqft

207 sales

Lease PSF

$3.12/sqft/mo

1 leases

Location Comparison

LocationSale PSFLease PSF# Sales# Leases
The Essential CondosThis Building
/mo
Berczy
5912.87/mo13
Markham
6363.08/mo709
York
6273.12/mo2071

Green badges indicate the building is priced below the comparison area. Data from closed transactions.

Parking & Locker Values

Parkingmunicipality

Purchase

N/A

Monthly Lease

$109/mo

Lockergeneric

Purchase

$10K

Monthly Lease

$50/mo

Data based on closed transactions. PSF = Price per Square Foot. Yields calculated as annual rent / sale price.

Amenities

BBQs Allowed
Bike Storage
Community BBQ
Concierge
Elevator
Exercise Room
Game Room
Guest Suites
Gym
Media Room
Party Room/Meeting Room
Recreation Room
Rooftop Deck/Garden
Sauna
Visitor Parking

Maintenance Fee Includes:

A/CBuilding InsuranceCommon ElementsHeatParkingWater

Building Reviews

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About The Essential Condos Condos

The Essential Condos is a premier condominium located at 540 Bur Oak Avenue, Markham. offers residents luxurious urban living with modern amenities and convenient access to the city's best dining, shopping, and entertainment options.

Currently, there are 62 units available at The Essential Condos, with prices averaging around $579K. The building features a variety of floor plans to suit different lifestyles, from cozy studios to spacious multi-bedroom units.

The Essential Condos stands out in Markham's competitive real estate market for its prime location. Residents enjoy easy access to public transit, major highways, parks, and all essential services. The building's modern design and well-maintained facilities make it an attractive choice for both homeowners and investors.

Whether you're looking to buy, sell, or rent at The Essential Condos, our team of experienced real estate professionals can help you navigate the market and find the perfect unit to match your needs. Contact us today for a free consultation and market analysis.

Explore more real estate in the wider area: Berczy, Markham and the York area.

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