42 Parkway Avenue, Markham, ON
Property no longer active
This property was sold on September 6, 2024. This listing is for reference purposes only. to view the sold price.
Property Highlights
Welcome to this remarkable Bungalow detached located in the coveted neighborhood of Old Markham Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,398,000 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.
- 7 Bedrooms and 3 Bathrooms
- Premium 75.5 x 125 ft lot size
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: None
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Discover a one-of-a-kind home in the highly sought-after Markham Village. This gem sits on a premium corner lot, boasting 75 feet of frontage on Parkway and 125 feet on Paramount, situated directly across from Paramount Park, ensuring no neighbours out front obstructing your view. This turn-key home has everything you need. Upstairs, you'll find 4 bedrooms, including one in a separate wing of the house, ideal for home-based business professionals. This unique layout allows you to welcome clients without them needing to walk through your entire home, providing privacy and convenience. The living room and dining room offer a great flow, centered around a stone-clad wood fireplace and a large bay window that overlooks the front yard, creating a warm and inviting atmosphere. The basement has been fully renovated and is ready to be used however you please. It's wired and plumbed for a separate apartment but remains fully connected to the main floor, offering flexibility whether you want to use it for additional living space or as an income-generating rental unit. Step outside to a spacious and lush backyard with a large lawn area, surrounded by a brand-new pressure-treated fence, perfect for outdoor activities and gatherings. This home is adaptable to any vision you have, making it perfect for a variety of lifestyles and needs. Whether you're looking for a place to call home or a unique investment opportunity, this property has what you are looking for. Don't miss out on this incredible chance to own a versatile and beautifully maintained home in Markham Village.
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Property Summary
This detached home located at 42 Parkway Avenue, Markham is currently for sale and has been available on SousaSells for 765 days. This property is listed at $1,398,000 with an estimated mortgage of $4,653* per month. It has 7 beds, 3 bathrooms, and is unknown square feet. 42 Parkway Avenue, 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 42 Parkway Avenue, Markham, ON L3P 2G3
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 $1,398,000 in Markham, the legal minimum down payment is $279,600 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 $24,435 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 $24,435.
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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.