4870 Elgin Mills Road, Markham, ON
Property Highlights
Welcome to this remarkable Other rural residential located in the coveted neighborhood of Rural Markham. Expertly crafted featuring premium other construction, this residence presents an exceptional opportunity offered at $2,850,000 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.
- 0 Bedrooms and 0 Bathrooms
- Generous living space spanning < 700 sqft on a premium 322 x 1326 ft lot
- 0.0 total parking spaces available
- Notable attributes: Other
- Efficient other heating via other
Description
High Demand Location in Markham - Kennedy / Elgin Mills. 10 Acre Lot with Rural Residential Zoning. Vacant Land with 332' Frontage & 1331 Deep Lot. Backing onto Mature Trees. Property is not Located Within Oak Ridge Moraine. Excellent Potential for Building Home. Property Located Right Across From Markham New Master Plan Community - Unionglen. High Ranking Schools - Bur Oak Secondary School & St. Augustine Catholic High School. Close to Park, Golf & Plaza, Mins to Community Centre & Hwy404...
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Property Summary
This rural residential located at 4870 Elgin Mills Road, Markham is currently for sale and has been available on SousaSells for 379 days. This property is listed at $2,850,000 with an estimated mortgage of $9,487* per month. It has 0 beds, 0 bathrooms, and is < 700 square feet. 4870 Elgin Mills Road, Markham is in the Rural Markham 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 4870 Elgin Mills Road E, Markham, ON L6C 1L5
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 $2,850,000 in Markham, the legal minimum down payment is $570,000 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 $57,725 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 $57,725.
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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.