62 Red Ash Drive, Markham, ON

$1,799,000
MLS#:N9346198
5 beds
5 baths
3000-3500 sqft
7.0 parking
Residential Freehold
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Property no longer active

This property was sold on September 28, 2024. 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 Legacy. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,799,000 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 3000-3500 sqft on a premium 44 x 118 ft lot
  • Features a finished, full basement, adding superb versatility for recreation, a home gym, or extra storage
  • 7.0 total parking spaces available with a convenient built-in configuration
  • Notable attributes: Upgraded Insulation, Built-In Oven, Water Softener
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

Welcome to 62 Red Ash Dr, a stunning MINTO built 2-storey detached home on a quiet street In prestigious Legacy community, this residence is also neighboring to Markham Green Golf Club. The home features bright and airy 4 Bedroom + 1, low maintenance concrete driveway that accommodate 5 cars parking. The open concept kitchen boasts a 9ft wide double waterfall edge island and a custom bar & wine cabinetry. Bathrooms are elegantly finished with quartz countertops. The main floor offers 9-foot smooth ceilings with pot lights. A custom staircase with glass stair railings, and a convenient laundry room. This carpet-free home includes a custom outdoor kitchen with granite countertop and built-in Napoleon Grill for summer barbecues. Located near top-rated schools and amenities like Costco, transit options, and dining establishments, this detached home offers luxury, convenience, and a vibrant community lifestyle.

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Property Summary

This detached home located at 62 Red Ash Drive, Markham is currently for sale and has been available on SousaSells for 673 days. This property is listed at $1,799,000 with an estimated mortgage of $5,988* per month. It has 5 beds, 5 bathrooms, and is 3000-3500 square feet. 62 Red Ash Drive, Markham is in the Legacy 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
3000-3500 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateSeptember 28, 2024
Sold price information is available to members only
Listed Date9/12/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementFinished, Full
Lot Size44 × 118 Feet
CountyYork
Annual Tax$6,216.2
Legal DescriptionLOT 41, PLAN 65M3525, MARKHAM. S/T RT AT ANY TIME PRIOR TO THE COMPLETE ACCEPTANCE BY THE TOWN AND REGION OF THE LANDS AS IN YR125244; S/T RT UNTIL ACCEPTANCE BY TOWN & REGION, AS IN YR198990.

Parking & Garage

Parking Spaces7.0
Garage Spaces5
Garage TypeBuilt-In

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Golf, Greenbelt/Conservation, Park, Rec./Commun.Centre, School

Interior Features

Upgraded Insulation, Built-In Oven, Water Softener

Security Features

Community Features

Location

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62 Red Ash Drive, 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 62 Red Ash Drive, Markham, ON L3S 4B8

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$539,700 (30.0%)
* Minimum Canadian down payment required for this price is $359,800.
Amortization Period30 Years
Estimated Monthly Payment$5,988Based on a loan of $1,259,300 over 30 years.
Purchase Price$1,799,000
Loan Amount$1,259,300
Provincial Land Transfer Tax:$32,455
Total Estimated Closing Taxes:$32,455

About Purchasing a Home in Markham, ON

For a property listed at $1,799,000 in Markham, the legal minimum down payment is $359,800 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 $32,455 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 $32,455.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,559,429

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

Black Walnut
PublicBlack Walnut Drive, Markham, Ontario, L3S 4B1
8.4
Legacy
Public61 Russell Jarvis Drive, Markham, Ontario, L3S 4B1
8.0
Boxwood
Public30 Boxwood Crescent, Markham, Ontario, L3S 3P7
5.8
William Armstrong
Public11 Major Button's Drive, Markham, Ontario, L3P 3G6
6.1
David Suzuki
Public45 Riverwalk Drive, Markham, Ontario, L6B 0L9
8.5

Secondary Schools

Markham
Public89 Church Street, Markham, Ontario, L3P 2M3
8.3

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.