496 Roy Rainey Avenue, Markham, ON

$1,365,000
MLS#:N12026611
3 beds
4 baths
2500-3000 sqft
4.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable Bungaloft detached located in the coveted neighborhood of Wismer. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,365,000 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.

  • 3 Bedrooms and 4 Bathrooms
  • Generous living space spanning 2500-3000 sqft on a premium 25.9 x 11.43 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 4.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Central Vacuum, Primary Bedroom - Main Floor
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Immaculately rare find, stunning and well maintained bungaloft in high demand Wismer with top ranking schools in Ontario (Bur Oak SS/Wismer PS), with lovely landscaping in front and backyard with deck, gazebo and shed. This 2510 sq. ft., 3 bedroom with finished basement will not disappoint. Roof 2019. Minutes to YRT, Mount Joy Go, park, Garden Basket, Shops/Eateries, Banks & Freeway 407 and HWY's. This home is perfect for any family looking for comfort and style. Don't miss out on the opportunity to make this house your dream home! A must see!!

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Property Summary

This detached home located at 496 Roy Rainey Avenue, Markham is currently for sale and has been available on SousaSells for 485 days. This property is listed at $1,365,000 with an estimated mortgage of $4,544* per month. It has 3 beds, 4 bathrooms, and is 2500-3000 square feet. 496 Roy Rainey Avenue, Markham is in the Wismer neighborhood.

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

Key Features

Bedrooms
3
Bathrooms
4
Kitchens
1
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateApril 23, 2025
Sold price information is available to members only
Listed Date3/18/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural StyleBungaloft
ConstructionBrick
BasementFinished
Lot Size25.9 × 11.43 Metres
CountyYork
Annual Tax$7,233.32
Legal DescriptionBlock 104, Plan 65M3809, Markham. Block 27, Plan 65M3969, Markham

Parking & Garage

Parking Spaces4.0
Garage Spaces2
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Central Vacuum, Primary Bedroom - Main Floor

Security Features

Community Features

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Location

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496 Roy Rainey Avenue, 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 496 Roy Rainey Avenue, Markham, ON L6E 0E2

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.

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Interest Rate4.00%
Down Payment$409,500 (30.0%)
* Minimum Canadian down payment required for this price is $273,000.
Amortization Period30 Years
Estimated Monthly Payment$4,544Based on a loan of $955,500 over 30 years.
Purchase Price$1,365,000
Loan Amount$955,500
Provincial Land Transfer Tax:$23,775
Total Estimated Closing Taxes:$23,775

About Purchasing a Home in Markham, ON

For a property listed at $1,365,000 in Markham, the legal minimum down payment is $273,000 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 $23,775 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 $23,775.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,207,846

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

Wismer
PublicMarkham, Ontario
8.5
San Lorenzo Ruiz
Public840 Bur Oak Avenue, Markham, Ontario, L6E 0E1
8.5
John McCrae
Public565 Fred McLaren Boulevard, Markham, Ontario, L6E 1N7
7.5
Fred Varley
Public81 Alexander Lawrie Avenue, Markham, Ontario, L6E 0J8
7.6
Mount Joy
Public281 Williamson Road, Markham, Ontario, L6E 1X1
7.6

Secondary Schools

Bur Oak
Public933 Bur Oak Avenue, Markham, Ontario, L6E 1G4
8.9
St. Brother André
Catholic6160 16th Avenue, Markham, Ontario, L3P 3K8
7.9

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.