250 Hopecrest Road, Markham, ON

$1,988,000
MLS#:N9308940
5 beds
5 baths
2500-3000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cachet. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,988,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 5 Bedrooms and 5 Bathrooms
  • Generous living space spanning 2500-3000 sqft on a premium 45.93 x 79.56 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Auto Garage Door Remote, On Demand Water Heater, Other
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Beautiful Detached 5 Bdrm, 5 Bath Home In Highly Sought After Cachet Community. Shows 10+. 5 Bdrm Floorplan. Over 4000 Sq Ft Of Living Space. Newly Renovated Kitchen And Primary Bathroom, New Porcelain Tiling On Main Floor. New Garage Doors. Metal Roof (2018), Furnace (2016), Wrought Iron Picket Stairs, Pot Lights, Hrdwd Throughout Upper & Main Floor. Bsmnt Finished With Permits/Mould Proof. (2017). Engineered Vinyl Flooring. Steps To T & T Shopping Plaza & King Square Shopping Centre & Highly Ranked Elementary And High Schools Lincoln Alexander, Mackenzie For Arts, Bayview SS And Miliken Mills For IB Program). Ultra Convenient Location!

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Property Summary

This detached home located at 250 Hopecrest Road, Markham is currently for sale and has been available on SousaSells for 674 days. This property is listed at $1,988,000 with an estimated mortgage of $6,617* per month. It has 5 beds, 5 bathrooms, and is 2500-3000 square feet. 250 Hopecrest Road, Markham is in the Cachet neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
5
Kitchens
1
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 1, 2024
Sold price information is available to members only
Listed Date9/9/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished
Lot Size45.93 × 79.56 Feet
CountyYork
Annual Tax$7,764.08
Legal DescriptionLot 110, Plan 65M3337, Markham. S/T Rt Until*

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Place Of Worship, Public Transit, School

Interior Features

Auto Garage Door Remote, On Demand Water Heater, Other

Security Features

Community Features

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Location

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250 Hopecrest Road, Markham, ON
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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 250 Hopecrest Road, Markham, ON L6C 2H5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

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Mortgage & Affordability Audit

Calculate your monthly payment, minimum downpayment, and land transfer taxes for this home in Markham.

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Interest Rate4.00%
Down Payment$596,400 (30.0%)
* Minimum Canadian down payment required for this price is $397,600.
Amortization Period30 Years
Estimated Monthly Payment$6,617Based on a loan of $1,391,600 over 30 years.
Purchase Price$1,988,000
Loan Amount$1,391,600
Provincial Land Transfer Tax:$36,235
Total Estimated Closing Taxes:$36,235

About Purchasing a Home in Markham, ON

For a property listed at $1,988,000 in Markham, the legal minimum down payment is $397,600 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.

Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $36,235 for this transaction. As this listing is in Markham (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $36,235.

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City & Neighborhood Guide

Comprehensive city-wide demographics, local real estate stats, and school rankings for Cachet, Markham.

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,961,746

People & Families

Age Distribution

Household Composition

One-person households
16%
Families with children
54%
Couples without children
25%
Other households
5%

Top Ethnic Origins

Chinese45%
South Asian18%
Canadian6%
English5%

Local Schools Guide

Elementary Schools

Ashton Meadows
PublicButtonville, Markham, Ontario
9.4
Lincoln Alexander
Public38 Hillmount Road, Buttonville, Markham, Ontario, L6C 2H4
9.0
Buttonville
Public141 John Button Boulevard, Buttonville, Markham, Ontario, L3R 9C2
7.9
Sainte-Marguerite-Bourgeoys
Public111 John Button Boulevard, Buttonville, Markham, Ontario, L3R 9C1
9.5
Coledale
Public60 Coledale Road, Buttonville, Markham, Ontario, L3R 7W8
8.4

Secondary Schools

St. Augustine
Catholic2188 Rodick Road, Buttonville, Markham, Ontario, L6C 1S3
10.0
Pierre Elliott Trudeau
Public90 Bur Oak Avenue, Markham, Ontario, L6C 2E6
9.5

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied83%
Rented17%

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.