5108 Major Mackenzie Drive, Markham, ON
Property Highlights
Welcome to this remarkable Bungalow vacant land located in the coveted neighborhood of Rural Markham. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $4,999,000 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 331 x 1304 ft lot
- Features a partially finished basement, adding superb versatility for recreation, a home gym, or extra storage
- 13.0 total parking spaces available with a convenient attached configuration
- Notable attributes: None
- Efficient forced air heating via oil
Description
Attention Investors and Builders! Just Under 10 Level Acres In The Rapidly Growing Markham Area. Potential For Future Development or Build Your Custom Dream Home. Property Currently Zoned Rural Residential 4. Buyer To Do Own Due Diligence With Regards To Future Use Of The Property And Rezoning. Minutes To Hwy 404/407, Angus Glen Community Centre/Golf Course and Markville Mall. Residence and Outbuildings Sold In As Is Condition. Do Not Walk The Property Without Listing Agent
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 5108 Major Mackenzie Drive, Markham, ON L6C 1K6
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About Purchasing a Home in Markham, ON
For a property listed at $4,999,000 in Markham, the legal minimum down payment is $999,800 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 $111,450 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 $111,450.
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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.