$399,900Asking Price
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)
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)
See More| Room | Floor | Dimensions | Details | |
|---|---|---|---|---|
| 1 4-Piece Bathroom in Flat | ||||
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Milliken Mills East, Markham is a north GTA neighbourhood notable for its singles, salespeople and tradespeople. It has a higher than average population of immigrants, particularly those from China, India and Sri Lanka, and Cantonese, Mandarin and Tamil speakers. Residents tend to be older with a significant number of youth aged 20 to 24, adults aged 25 to 34, 25 to 34 and 25 to 34 and seniors aged 65 to 74.
Kids Per Family
1.5
kids per family
in the neighbourhood.
43%
of residents are
single and loving it.
43% singles
Markham (39%)
12%
of residents
are renters.
12% renters
Markham (15%)
32%
of residents are
university grads.
32% university grads
Markham (48%)Average Household Income
$114K
is the average household
income in the neighbourhood.
Professions
| Sales | 18% |
| Business | 9% |
| Trades | 6% |
| Sciences | 5% |
| Management | 5% |
69%
of residents were
born outside of Canada.
69% immigrants
Markham (60%)29.4% from China
All-time
5.1% from China
Recent
Foreign Languages
| Cantonese | 29% |
| Mandarin | 18% |
| Tamil | 7% |
| Chinese | 4% |
| Punjabi | 2% |
Religions
| Christian | 31% |
| Hindu | 14% |
| Buddhist | 9% |
| Muslim | 6% |
| Sikh | 3% |