499 Roy Rainey Avenue, Markham, ON

$1,749,000
MLS#:N12164608
5 beds
5 baths
2500-3000 sqft
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on June 25, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Wismer. Expertly crafted featuring premium brick and stone construction, this residence presents an exceptional opportunity offered at $1,749,000 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 2500-3000 sqft on a premium 45.02 x 111.55 ft lot
  • Features a finished basement, adding superb versatility for recreation, a home gym, or extra storage
  • 6.0 total parking spaces available with a convenient attached configuration
  • Notable attributes: Bar Fridge, Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

499 Roy Rainey Avenue is a beautifully appointed residence nestled in the heart of Markham, designed with both elegance and functionality in mind. From the impressive foyer with soaring ceilings to the custom chefs kitchen, every element has been curated for modern living and timeless style.The main floor features a generous living room with rich hardwood flooring and a gas fireplace, a formal dining room with direct access to the kitchen, and a versatile library ideal for a home office or quiet retreat. The gourmet kitchen showcases a large island, granite countertops, high-end stainless steel appliances, and custom cabinetry, seamlessly connecting to the bright eat-in areaperfect for everyday family meals. Step into the professionally landscaped backyard, offering ample room for outdoor gatherings or the future addition of a pool. A convenient mudroom with garage access and a stylish powder room complete this level.Upstairs, the primary suite serves as a private sanctuary, comfortably accommodating a king-sized bed and a sitting area. The spa-like ensuite includes a makeup vanity, soaking tub, and upscale finishes. Two additional bedrooms share a semi-ensuite bathroom, while the fourth bedroom enjoys the privacy of its own full ensuite.The fully finished lower level is made for entertaining, featuring wood laminate flooring, pot lights, a striking stone accent wall with electric fireplace, and a custom bar equipped with storage and stainless steel appliances. A separate office or guest room and a four-piece bath add functionality to the space.Ideally located with convenient access to Highways 404 and 407, YRT, Unionville GO, Markville Mall, historic Unionville, and Rouge National Urban Park this home combines comfort, sophistication, and an unbeatable location. A rare opportunity not to be missed.

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Property Summary

This detached home located at 499 Roy Rainey Avenue, Markham is currently for sale and has been available on SousaSells for 421 days. This property is listed at $1,749,000 with an estimated mortgage of $5,822* per month. It has 5 beds, 5 bathrooms, and is 2500-3000 square feet. 499 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
5
Bathrooms
5
Kitchens
1
Living Area
2500-3000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateJune 25, 2025
Sold price information is available to members only
Listed Date5/22/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick, Stone
BasementFinished
Lot Size45.02 × 111.55 Feet
CountyYork
Annual Tax$7,036
Legal DescriptionLOT 7, PLAN 65M3809, MARKHAM, S/T EASE FOR ENTRY IN YR1020409.

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Interior Features

Bar Fridge, Carpet Free

Security Features

Community Features

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Location

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499 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 499 Roy Rainey Avenue, Markham, ON L6E 2B2

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$524,700 (30.0%)
* Minimum Canadian down payment required for this price is $349,800.
Amortization Period30 Years
Estimated Monthly Payment$5,822Based on a loan of $1,224,300 over 30 years.
Purchase Price$1,749,000
Loan Amount$1,224,300
Provincial Land Transfer Tax:$31,455
Total Estimated Closing Taxes:$31,455

About Purchasing a Home in Markham, ON

For a property listed at $1,749,000 in Markham, the legal minimum down payment is $349,800 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 $31,455 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 $31,455.

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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.