2877 Elgin Mills Road, Markham, ON

$1,228,000
MLS#:N12026224
5 beds
5 baths
2000-2500 sqft
3.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 3-Storey att/row/townhouse located in the coveted neighborhood of Cathedraltown. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,228,000 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 2000-2500 sqft on a premium 19.69 x 84.78 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: None
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Fabulous Freehold Townhouse In Prime Location. Bright & Functional Layout. 17Ft Ceiling Family Room On 2nd Floor Walk-Out To Large Balcony. Fresh Paint, Hardwood Floor, Iron Pickets, Pot Lights & Upgraded Light Fixture. Good Size Kitchen With Quartz Counter, Stainless Steel Appliances, Backsplash & Breakfast Bar. Large Master On 2nd Floor With 9Ft Ceiling, 4Pc Ensuite & Walk-In Closet. 3 Spacious Bedrooms On 3rd Floor. Minutes To Hwy 404, Costco, Shops, Park, School...

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Property Summary

This townhouse located at 2877 Elgin Mills Road, Markham is currently for sale and has been available on SousaSells for 482 days. This property is listed at $1,228,000 with an estimated mortgage of $4,088* per month. It has 5 beds, 5 bathrooms, and is 2000-2500 square feet. 2877 Elgin Mills Road, Markham is in the Cathedraltown 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
2000-2500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 25, 2025
Sold price information is available to members only
Listed Date3/18/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeAtt/Row/Townhouse
Architectural Style3-Storey
ConstructionBrick
BasementFinished
Lot Size19.69 × 84.78 Feet
CountyYork
Annual Tax$4,599.93
Legal DescriptionPLAN 65M4183 PT BLK 12 RP 65R32720 PARTS 62 AND 63

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

None

Security Features

Community Features

Location

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2877 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 2877 Elgin Mills Road E, Markham, ON L6C 0H7

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$368,400 (30.0%)
* Minimum Canadian down payment required for this price is $245,600.
Amortization Period30 Years
Estimated Monthly Payment$4,088Based on a loan of $859,600 over 30 years.
Purchase Price$1,228,000
Loan Amount$859,600
Provincial Land Transfer Tax:$21,035
Total Estimated Closing Taxes:$21,035

About Purchasing a Home in Markham, ON

For a property listed at $1,228,000 in Markham, the legal minimum down payment is $245,600 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 $21,035 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 $21,035.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,044,783

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.