$1,488,000 - 114 Babcombe Drive, Markham
Detached for Sale in Markham
46 days on market- MLS Number
- N13058482
- Property Type
- Detached
- Status
- active
- Days on Site
- 46
- Bedrooms
- 5
- Bathrooms
- 2
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- PAUL ZAMMIT REAL ESTATE LTD.
Located in one of Thornhill's most prestigious and sought-after neighbourhoods, this solid 3-bedroom bungalow sits on a premium 75 ft x 133 ft lot surrounded by multi-million dollar custom homes. Whether you're an investor, builder, or end-user, this is your chance to renovate, rent, or build your dream estate in a tranquil, tree-lined enclave.Inside, the home offers a functional layout with generous principal rooms, a full basement, and loads of potential perfect for those ready to bring their vision to life. The property is being sold in as-is condition, ideal for those seeking a renovation project or the perfect tear-down to start fresh.Highlights: Extra-wide 75 ft frontage build a luxury custom home Surrounded by exclusive homes in an upscale, family-friendly community Close to Bayview Golf & Country Club, top-rated schools, parks, and shopping Easy access to Hwy 404/407, TTC & GO transit Rare lot size in this high-demand areaDon't miss your chance to secure a foothold in this prestigious pocket of Bayview Glen. Opportunities like this are becoming increasingly rare. (4pc Bathroom in basement is Roughed-In) ** Some pictures are Virtually staged**
Estimate your monthly payments for this property
Estimated Payment
$6,581.93/mo
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Markham
Markham is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Markham
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Markham offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
114 Babcombe Drive, Markham
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $992/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Negotiation Opportunity
At 46 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Detached Home Advantages
Detached homes in Markham are increasingly scarce and valuable. You'll have no shared walls, full control over renovations, and typically stronger appreciation. Consider the lot size and potential for future additions or basement apartment income. Detached homes also offer the most flexibility for growing families.
Excellent Flexibility
With 5 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Markham.
Investment Perspective
Looking at this as an investment: Markham properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $6,200 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.