98 Tea Rose Street, Markham, ON

$2,750,000
MLS#:N10234286
5 beds
4 baths
3500-5000 sqft
6.0 parking
Residential Freehold
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Property Highlights

Welcome to this remarkable 2-Storey detached located in the coveted neighborhood of Cachet. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $2,750,000 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 4 Bathrooms
  • Generous living space spanning 3500-5000 sqft on a premium 55.74 x 127.66 ft lot
  • Features a unfinished, walk-out 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: Central Vacuum
  • equipped with central air central cooling and highly efficient forced air heating via gas

Description

First Time Offered For Sale! Excellently maintained sun filled executive home in Prestigious Cachet Woods. Almost 4,000 sf plus WALK-OUT basement nestled on a premium PIE- SHAPED lot with 84 ft WIDE in the backyard! Main floor offers fantastic open concept floor plan. Stunning 9 ft high ceilings, landscaped beautiful curb appeal with stone driveway and front stone patio, private main floor office, combined living and dining formal room, open concept family room with gas fireplace combined with the huge kitchen and breakfast areas. Features: crown mouldings, accent columns, walk-in pantry, multi-level decks, fruit and vegetable gardens & hardwood floors thru-out. 5 spacious bedrooms with access to bathrooms! Unspoiled walk-out basement can easily convert to rec room, in-law suite, or apartment. Finished 3-car garage plus 3-car parking on upgraded stone driveway. House and gardens have been lovingly maintained by the original owners. Upgraded roof, windows and furnace. Very convenient location, close to highways, schools, parks, shops & more. Excellently Maintained home ~ MUST SEE

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Property Summary

This detached home located at 98 Tea Rose Street, Markham is currently for sale and has been available on SousaSells for 621 days. This property is listed at $2,750,000 with an estimated mortgage of $9,154* per month. It has 5 beds, 4 bathrooms, and is 3500-5000 square feet. 98 Tea Rose Street, Markham is in the Cachet neighborhood.

* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.

Key Features

Bedrooms
5
Bathrooms
4
Kitchens
1
Living Area
3500-5000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateNovember 13, 2024
Sold price information is available to members only
Listed Date11/1/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeDetached
Architectural Style2-Storey
ConstructionBrick
BasementUnfinished, Walk-Out
Lot Size55.74 × 127.66 Feet
CountyYork
Annual Tax$11,104.72
Legal DescriptionPlan 65M3026, Lot 11

Parking & Garage

Parking Spaces6.0
Garage Spaces3
Garage TypeAttached

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
CoolingCentral Air

Features

Property Features

Park, Fenced Yard, Public Transit, School

Interior Features

Central Vacuum

Security Features

Community Features

Location

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98 Tea Rose 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 98 Tea Rose Street, Markham, ON L6C 1X3

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$825,000 (30.0%)
* Minimum Canadian down payment required for this price is $550,000.
Amortization Period30 Years
Estimated Monthly Payment$9,154Based on a loan of $1,925,000 over 30 years.
Purchase Price$2,750,000
Loan Amount$1,925,000
Provincial Land Transfer Tax:$55,225
Total Estimated Closing Taxes:$55,225

About Purchasing a Home in Markham, ON

For a property listed at $2,750,000 in Markham, the legal minimum down payment is $550,000 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 $55,225 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 $55,225.

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City & Neighborhood Guide

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

Verified Local Data
City Population338,503
City Median Age41.6 Yrs
City Ownership83% Owners
Avg Area List Price$1,961,746

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

Ashton Meadows
PublicButtonville, Markham, Ontario
9.4
Lincoln Alexander
Public38 Hillmount Road, Buttonville, Markham, Ontario, L6C 2H4
9.0
Buttonville
Public141 John Button Boulevard, Buttonville, Markham, Ontario, L3R 9C2
7.9
Sainte-Marguerite-Bourgeoys
Public111 John Button Boulevard, Buttonville, Markham, Ontario, L3R 9C1
9.5
Coledale
Public60 Coledale Road, Buttonville, Markham, Ontario, L3R 7W8
8.4

Secondary Schools

St. Augustine
Catholic2188 Rodick Road, Buttonville, Markham, Ontario, L6C 1S3
10.0
Pierre Elliott Trudeau
Public90 Bur Oak Avenue, Markham, Ontario, L6C 2E6
9.5

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.