5 Jerman Street, Markham, ON
Property Highlights
Welcome to this remarkable Bungalow-Raised semi-detached located in the coveted neighborhood of Old Markham Village. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $875,000 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.
- 4 Bedrooms and 3 Bathrooms with 2 functional kitchens
- Generous living space spanning 1100-1500 sqft on a premium 35.49 x 132.01 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 2.0 total parking spaces available with a convenient attached configuration
- Notable attributes: Other
- equipped with central air central cooling and highly efficient forced air heating via gas
Description
Welcome to this 3 + 1 bedroom home in the heart of desirable Markham Village, the perfect spot for first-time buyers, families, or anyone looking for a great renovation opportunity to make it truly their own. The main floor offers a bright eat-in kitchen with laminate floors, plenty of cabinets, and ample counter space. The formal living and dining rooms flow effortlessly from one to the other, with large windows filling the space with natural light. The primary bedroom features its own 2-piece ensuite and his/hers closets for added convenience. Downstairs has a second eat-in kitchen, recreation room, an additional bedroom and a 4pc. bathroom...ideal for in-law/extended family living. Step outside to your fenced backyard with a raised deck that is perfect for relaxing or entertaining. This home is just a short walk to schools, parks, Hwy 7 and Main Street. Close proximity to the hospital and the 407.
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Property Summary
This detached home located at 5 Jerman Street, Markham is currently for sale and has been available on SousaSells for 220 days. This property is listed at $875,000 with an estimated mortgage of $2,913* per month. It has 4 beds, 3 bathrooms, and is 1100-1500 square feet. 5 Jerman Street, 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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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5 Jerman Street, Markham, ON L3P 2S3
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 $875,000 in Markham, the legal minimum down payment is $62,500 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 $13,975 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 $13,975.
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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.