$4,388,000 - 117 Elgin Street, Markham
Detached for Sale in Markham
137 days on market- MLS Number
- N12249400
- Property Type
- Detached
- Status
- active
- Days on Site
- 137
- Bedrooms
- 6
- Bathrooms
- 8
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Markham
- Lot Size
- 20,853 sqft
- Listing Brokerage
- HAMMOND INTERNATIONAL PROPERTIES LIMITED
Welcome to The Refined Nest - 117 Elgin. Set on a remarkable 75 x 278 foot estate lot in one of the areas most coveted enclaves, The Refined Nest offers over 7,000 square feet of thoughtfully designed living space tailored for multi-generational and modern family living. Fully renovated and move-in ready, this elegant home features a rare 4-car garage (2 tandem) and a versatile floor plan ideal for families, professionals, and entertainers alike. The main floor showcases a private bedroom suite with its own full ensuite bath, an ideal space for in-laws or guests. A bright, sun-filled family room overlooks the sprawling backyard and offers a seamless walkout to the deck and yard, creating an effortless indoor-outdoor flow. The elegant living and dining areas connect to a modern kitchen anchored by a generous island, perfect for gathering and conversation. Upstairs, discover five spacious bedrooms and four full bathrooms, offering ample room for comfort and privacy, including a grand primary retreat with a luxurious 5-piece ensuite and walk-in closet. The fully finished lower level adds versatility with two additional full bathrooms and multiple flex spaces that can be tailored to suit your needs - whether that be a home gym, theatre, creative workspace or studio. Outdoors, the expansive, private backyard invites endless possibilities, whether envisioning a pool, outdoor kitchen, or tranquil garden sanctuary. A rare combination of scale, elegance, and opportunity, The Refined Nest is ready for its next chapter. A World of Magnificence Awaits! **This is a perfect multi-generational home**
Estimate your monthly payments for this property
Estimated Payment
$19,409.60/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.
117 Elgin Street, 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
Premium Pricing
At $1254/sqft, this property is priced above the Markham average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 137 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.
Larger Home Realities
At 3,500 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.
Excellent Flexibility
With 6 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.
Bathroom Count Matters
With 8 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.