2874 Elgin Mills Road, Markham, ON

$1,388,000
MLS#:N9268130
4 beds
6 baths
2000-2500 sqft
5.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 3-Storey att/row/townhouse located in the coveted neighborhood of Victoria Square. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,388,000 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.

  • 4 Bedrooms and 6 Bathrooms
  • Generous living space spanning 2000-2500 sqft on a premium 25.45 x 95.04 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 5.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Discover luxury living in this exquisite End-unit townhome (Like Semi-Detached) by the reputable Monarch Homes. Approximately 2,346 sqft, this newly renovated home is loaded with upgrades and features, offering 4 bedrooms, 6 bathrooms, and an oversized 2-car attached garage, can park 5 Cars. Main floor includes a versatile room that can serve as a fourth bedroom, a powder room, a large laundry room, and an additional glass shower. Second floor boasts spacious living and dining areas that open to a large deck-perfect for entertaining-alongside a gourmet kitchen with Stainless appliances, ample storage, a pantry, and The bright and spacious master suite features a 4-piece ensuite, glass shower, W/I closet, and a private balcony. Professionally finished basement showcases exceptional craftsmanship with features such as rounded drywall corners, extensive pot lighting, and stylish frost glass doors providing valuable living space that includes a large grey room, walk-in closet, and a 3-piece bath with a glass shower. Additionally, the basement offers, Two Large Windows, a separate entrance through the garage and a rough-in for an additional kitchen on the main floor, presenting the potential for another apartment. Beautiful front yard landscaping enhances the curb appeal, while the prime location in a Top school zone (Richmond Green & Bayview IB) 3 mins to Highway 404. Lots of parks around, transit, Costco, shop, restaurants ensures that this home perfectly blends elegance, functionality, and convenience for ideal family living. Move in and Enjoy!

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Property Summary

This townhouse located at 2874 Elgin Mills Road, Markham is currently for sale and has been available on SousaSells for 689 days. This property is listed at $1,388,000 with an estimated mortgage of $4,620* per month. It has 4 beds, 6 bathrooms, and is 2000-2500 square feet. 2874 Elgin Mills Road, Markham is in the Victoria Square neighborhood.

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

Key Features

Bedrooms
4
Bathrooms
6
Kitchens
1
Living Area
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateOctober 1, 2024
Sold price information is available to members only
Listed Date8/23/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeAtt/Row/Townhouse
Architectural Style3-Storey
ConstructionBrick
BasementFinished
Lot Size25.45 × 95.04 Feet
CountyYork
Annual Tax$5,198.3
Legal DescriptionPART OF BLOCK 297, PLAN 65M4026, DESIGNATED AS PART 18 ON PLAN 65R-31641

Parking & Garage

Parking Spaces5.0
Garage Spaces3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Carpet Free

Security Features

Community Features

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Location

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2874 Elgin Mills 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 2874 Elgin Mills Road E, Markham, ON L6C 0E5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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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$416,400 (30.0%)
* Minimum Canadian down payment required for this price is $277,600.
Amortization Period30 Years
Estimated Monthly Payment$4,620Based on a loan of $971,600 over 30 years.
Purchase Price$1,388,000
Loan Amount$971,600
Provincial Land Transfer Tax:$24,235
Total Estimated Closing Taxes:$24,235

About Purchasing a Home in Markham, ON

For a property listed at $1,388,000 in Markham, the legal minimum down payment is $277,600 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 $24,235 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 $24,235.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,637,174

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

Victoria Square
Public50 Prince Of Wales Drive, Markham, Ontario, L6C 0K2
7.6
Lincoln Alexander
Public38 Hillmount Road, Buttonville, Markham, Ontario, L6C 2H4
9.0
Ashton Meadows
PublicButtonville, Markham, Ontario
9.4
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

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.