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The Essential

540 Bur Oak Ave, Markham

Features

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Price/Sqft Range

534 sqft - 1320 sqft

Avg Price/Sqft

$749 / sq. ft.

Completed

Built: 2016

Building Scale

Floors: 6 | Total Units: 186

Building Details

Building Type

Mid-Rise condo

Property Management

Built in 2016

Condo Corp

YRCC-1325

Date Registered

Oct 5, 2016

Maintenance Fees Include

Air Conditioning

Common Element

Heat

Building Insurance

Parking

Water

Description

1 - About The Essential

  • Address: 540 Bur Oak Ave, Markham
  • Neighbourhood: Berczy, Markham, York
  • Developer: Emery Homes
  • Year Built: 2016
  • Building Type: Mid-Rise condo
  • Storeys: 6
  • Units: 186
  • Suite Sizes: 534 sqft - 1,320 sqft
  • Average Price: $749 / sq. ft.

2 - Overview of The Essential

The Essential is a mid-rise condominium located at 540 Bur Oak Ave in Markham's Berczy neighbourhood. Completed in 2016, the building stands six storeys tall and contains 186 residential units.

Developed by Emery Homes, the project represents the builder's expansion into multi-residential construction within the York Region. Unlike many mid-rise projects that repurpose existing structures, The Essential was a new construction designed specifically for the Berczy community.

The building exemplifies mid-rise intensification in Markham, providing increased density while maintaining compatibility with the surrounding lower-density residential communities. It offers a housing option that fits between traditional single-family homes and high-rise towers.

3 - Suite Sizes & Value

Residential units at The Essential range from 534 square feet to 1,320 square feet. This variety accommodates different lifestyle needs and household configurations, from compact one-bedroom layouts to larger family-sized units.

The building maintains an Average Price: $749 / sq. ft. This pricing reflects the mid-rise market conditions in the York Region and positions the development competitively within Markham's residential landscape.

4 - Building Amenities & Features

(Information not provided)

5 - Location Highlights

  • Berczy Community: Situated within a master-planned residential development in Markham
  • Markham Infrastructure: Close proximity to municipal services and established transportation corridors throughout the York Region
  • York Region Transit: Convenient access to regional transit networks that connect Markham to the broader Greater Toronto Area

6 - Lifestyle Near The Essential

The lifestyle near The Essential reflects the planned residential character of the Berczy neighbourhood. The six-storey building scale harmonizes with the surrounding master-planned community, creating a balanced density that supports both privacy and community living.

Residents benefit from Markham's established municipal infrastructure and the connectivity to the York Region. The location provides access to local amenities and services designed to support long-term residential living in a suburban setting.

7 - About the Developer

Emery Homes is a Toronto-based real estate developer that has successfully transitioned from low-rise residential construction to multi-residential projects across Southern Ontario. The company employs a collaborative management approach and has built a reputation for quality construction throughout the Greater Toronto Area, with positive customer feedback reflecting satisfaction with their residential developments.


Building Sales History

Jun 2026 — 2 Listed | 0 Sold

145 days on market

MLS® # N12751730

Jun 27, 2026

Terminated

Feb 3, 2026

Listed For Sale

$579,000

207 days on market

MLS® # N12511856

Jun 1, 2026

Expired

Nov 5, 2025

Listed For Sale

$550,000
May 2026 — 1 Listed | 0 Sold

61 days on market

MLS® # N13034422

May 18, 2026

Price Change

Apr 23, 2026

Listed For Sale

$519,000
Apr 2026 — 1 Listed | 0 Sold

83 days on market

MLS® # N12698562

Apr 8, 2026

Terminated

Jan 15, 2026

Listed For Sale

$519,900

Berczy Insights

growth

Sale Price

Average

Median

Generated based on property type and location. Average values are derived using median calculations.