261 Main Street, Markham, ON
Property Highlights
Welcome to this remarkable 3-Storey detached located in the coveted neighborhood of Old Markham Village. Expertly crafted featuring premium concrete block construction, this residence presents an exceptional opportunity offered at $1,150,000 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 2 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 70.76 x 132.23 ft lot
- Features a separate entrance, unfinished basement, adding superb versatility for recreation, a home gym, or extra storage
- 8.0 total parking spaces available with a convenient detached configuration
- Notable attributes: Other
- Efficient radiant heating via gas
Description
Attention investors and renovators- 261 Main St North in Old Markham Village offers a unique opportunity to restore and customize a spacious home for income potential. It has five bedrooms, two full bathrooms, and two kitchens across the main and second floors. The main house could easily be divided into two rental units, as was done previously. The unfinished basement and unfinished third floor present opportunities to create additional rental value. The large detached garage adds even more value, with space for two vehicles and a separate workshop space at the back. Above the garage is a separate two-bedroom apartment with its own kitchen, bathroom, and expansive living room and storage loft. Located just a five-minute walk north of the Markham Village GO Station, commuting to downtown Toronto is effortless. This home is also within walking distance of boutique shops, local dining, parks, and top-rated schools. 200A Electrical; Roof 2022; Gas furnace 2009 Property is sold as is, where is.
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Property Summary
This detached home located at 261 Main Street, Markham is currently for sale and has been available on SousaSells for 252 days. This property is listed at $1,150,000 with an estimated mortgage of $3,828* per month. It has 5 beds, 2 bathrooms, and is 2000-2500 square feet. 261 Main Street, Markham is in the Old Markham Village neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
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No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 261 Main Street N, Markham, ON L3P 1Y6
Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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About Purchasing a Home in Markham, ON
For a property listed at $1,150,000 in Markham, the legal minimum down payment is $230,000 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 $19,475 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 $19,475.
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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.