51 Locust Terrace, Markham, ON

$1,188,000
MLS#:N11943174
3 beds
3 baths
1500-2000 sqft
2.0 parking
Residential Freehold
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Property no longer active

This property was sold on February 13, 2025. This listing is for reference purposes only. to view the sold price.

Property Highlights

Welcome to this remarkable 2-Storey att/row/townhouse located in the coveted neighborhood of Wismer. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,188,000 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 3 Bathrooms
  • Generous living space spanning 1500-2000 sqft on a premium 18.34 x 106.63 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 detached configuration
  • Notable attributes: Carpet Free
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome home to a sprawling 1731 sq foot sun-drenched 2-storey freehold townhome in Markham's highly sought-after Wismer community! Located in a top-rated school district and steps to Wismer Park, this well-loved family home is offered by the original owners and is nestled on a family-friendly street! Step inside the inviting double-door entry to find open concept living spaces with 9 ft ceilings and natural light flooding in from oversized windows; Principal rooms include grand living & dining spaces as well as a separate family room with a bonus office space & a cozy window seat; A two-way gas fireplace separates the dining room & family room areas and offers both warmth and ambiance; A neutral spacious kitchen overlooks the family room with ample tall cabinetry, granite countertops, newer stainless steel appliances (2024) and an eat-in area with a walk-out and views of the fully fenced with newer stone interlock . Make your way upstairs to find three generously sized bedrooms including an oversized primary suite with a walk-in closet and a spa-like 4-piece ensuite with a large soaker tub and a separate shower; Two additional bright and spacious bedrooms overlook the front yard. This home comes completes with a convenient upper level laundry room and is conveniently located steps from excellent schools, the Go train, public transit, Wismer Park & tons of retail and restaurants. This "no maintenance/no POLT fee" rarely offered gem that offers functional elegance won't last long! *** See full media including detailed photos and cinematic vide in link attached*** **EXTRAS** Newer ss kitchen appliances (2024); newer stone interlock in front walk way and backyard (2024); Washer & Dryer; All ELFs (New light fixtures in foyer, dining & family room); All Window Coverings; GDO & remote.

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Property Summary

This townhouse located at 51 Locust Terrace, Markham is currently for sale and has been available on SousaSells for 535 days. This property is listed at $1,188,000 with an estimated mortgage of $3,954* per month. It has 3 beds, 3 bathrooms, and is 1500-2000 square feet. 51 Locust Terrace, 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
3
Kitchens
1
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 12, 2025
Sold price information is available to members only
Listed Date1/28/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeAtt/Row/Townhouse
Architectural Style2-Storey
ConstructionBrick
BasementFull
Lot Size18.34 × 106.63 Feet
CountyYork
Annual Tax$4,259.69
Legal DescriptionPL 65M4233 PT BLK 44 RP 65R33254 PTS 27 AND 28

Parking & Garage

Parking Spaces2.0
Garage Spaces1
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Fenced Yard, Park, Public Transit, Rec./Commun.Centre, School

Interior Features

Carpet Free

Security Features

Community Features

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Location

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51 Locust Terrace, 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 51 Locust Terrace, Markham, ON L6E 0G8

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$356,400 (30.0%)
* Minimum Canadian down payment required for this price is $237,600.
Amortization Period30 Years
Estimated Monthly Payment$3,954Based on a loan of $831,600 over 30 years.
Purchase Price$1,188,000
Loan Amount$831,600
Provincial Land Transfer Tax:$20,235
Total Estimated Closing Taxes:$20,235

About Purchasing a Home in Markham, ON

For a property listed at $1,188,000 in Markham, the legal minimum down payment is $237,600 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 $20,235 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 $20,235.

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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.