59 George Street, Markham, ON

$3,478,000
MLS#:N11894776
4 beds
5 baths
6.0 parking
Residential Freehold
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Property no longer active

This property was sold on February 6, 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 Old Markham Village. Expertly crafted featuring premium wood construction, this residence presents an exceptional opportunity offered at $3,478,000 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 5 Bathrooms
  • Premium 80 x 129.58 ft lot size
  • 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: Air Exchanger, Bar Fridge, Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Luxurious custom home in prestigious Old Markham Village. Discover this stunning custom-built luxury home, nearly 4,000 sq ft, situated on an 80-foot lot in the heart of Old Markham Village. Designed with high-end living in mind, this home boasts exquisite details & finishes throughout. Step into the grand main floor with 9'4" ceilings & an open-concept layout. The 2-storey family room features wall-to-wall windows, a custom gas fireplace, and a walkout to a covered deck, perfect for outdoor entertaining. The gourmet kitchen includes a large Caesarstone island, 6-burner Thor stove, oversized side-by-side fridge & freezer, custom pantry with a sliding barn door, and a Wolf coffee station with a wine bar & sink. Other main floor highlights include a mudroom with custom storage, a formal dining room, and a private office with wall-to-wall windows, built-in cabinets, and a walkout to the deck. The upper level features a primary bedroom suite with two walk-in closets and a luxurious 5-piece ensuite with a standalone tub and separate shower. The second bedroom has a 3-piece ensuite and a large walk-in closet. Two additional bedrooms, an oversized linen closet, and a laundry room with built-in cabinetry & counters complete this level. The fully finished basement offers exceptional entertainment spaces, including a theatre/rec room with a projector and wall-sized screen, a games room, and an exercise room with custom rubber flooring. A basement office with a double closet and additional storage areas provide ample space for everyday needs. Beyond luxury, this home offers unmatched convenience. Walk to the GO train, transit, schools, parks, churches, community pool, and the shops and restaurants on Main Street. Just minutes from Highway 407 and the local hospital, it's an ideal spot for professionals and families alike. With its high-end features and prime location, this home offers the perfect blend of elegance and accessibility in a highly desirable neighbourhood.

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Property Summary

This detached home located at 59 George Street, Markham is currently for sale and has been available on SousaSells for 577 days. This property is listed at $3,478,000 with an estimated mortgage of $11,577* per month. It has 4 beds, 5 bathrooms, and is unknown square feet. 59 George 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

Bedrooms
4
Bathrooms
5
Kitchens
1
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateFebruary 6, 2025
Sold price information is available to members only
Listed Date12/17/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionWood
BasementFinished
Lot Size80 × 129.58 Feet
CountyYork
Annual Tax$13,582.05
Legal DescriptionLOT 19 PLAN 2485 SUBJECT TO AN EASEMENT IN GROSS AS IN YR3117237

Parking & Garage

Parking Spaces6.0
Garage Spaces4
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Hospital, Library, Public Transit, Rec./Commun.Centre, School

Interior Features

Air Exchanger, Bar Fridge, Central Vacuum, On Demand Water Heater, Water Heater Owned

Security Features

Community Features

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Location

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59 George Street, 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 59 George Street, Markham, ON L3P 2R9

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.

Configure Loan Settings

Interest Rate4.00%
Down Payment$1,043,400 (30.0%)
* Minimum Canadian down payment required for this price is $695,600.
Amortization Period30 Years
Estimated Monthly Payment$11,577Based on a loan of $2,434,600 over 30 years.
Purchase Price$3,478,000
Loan Amount$2,434,600
Provincial Land Transfer Tax:$73,425
Total Estimated Closing Taxes:$73,425

About Purchasing a Home in Markham, ON

For a property listed at $3,478,000 in Markham, the legal minimum down payment is $695,600 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 $73,425 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 $73,425.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,521,711

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

James Robinson
Public90 Robinson Street, Markham, Ontario, L3P 1N9
6.4
Ramer Wood
Public11 Cairns Drive, Markham, Ontario, L3P 7M8
7.1
Franklin Street
Public21 Franklin Street, Markham, Ontario, L3P 2S7
7.8
Roy H Crosby
Public115 Drakefield Road, Markham, Ontario, L3P 1G9
8.6
Central Park
PublicCentral Park Drive, Unionville, Markham, Ontario, L3P 7G2
9.0

Secondary Schools

Markville
Public1000 Carlton Road, Unionville, Markham, Ontario, L3P 7P5
9.0
Markham
Public89 Church Street, Markham, Ontario, L3P 2M3
8.3
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.