$3,888,000 - 12 Old English Lane, Markham
Detached for Sale in Markham
48 days on market- MLS Number
- N13058088
- Property Type
- Detached
- Status
- active
- Days on Site
- 48
- Bedrooms
- 7
- Bathrooms
- 7
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Markham
- Listing Brokerage
- PAUL ZAMMIT REAL ESTATE LTD.
Welcome to this beautifully appointed executive residence located in the highly sought-after Bayview Glen community. Set on a remarkably private 106' x 196' lot, this exquisite property offers approx 7,710 sq ft of luxurious living space, ideal for refined family living and grand-scale entertaining. Boasting 5 spacious bedrooms and 7 well-appointed bathrooms, this home features a bright, walk-out basement, 2 staircases to the lower level, and 4 gas fireplaces that add warmth and ambiance throughout. The heart of the home is the gourmet kitchen, seamlessly connected to multiple entertaining areas, The living room features 18 ft ceilings with a marble gas fireplace that overlooks the pool area. The thoughtfully designed second floor layout offers privacy and functionality, with the primary bedroom suite set apart from the remaining four bedrooms. This allows for a quiet retreat, complete with two walk-in closets & a 6-piece ensuite featuring a jacuzzi tub, large glass shower, & a custom vanity area. The additional four bedrooms are spacious, well-appointed, & ideal for family or guests.Indulge in your own private sanctuary featuring a resort-style in-ground pool, elegant stone patio, and a variety of outdoor lounging spaces set against a backdrop of lush, mature landscaping. all designed to maximize comfort and privacy.The sun-filled walk-out lower level is a true extension of the homes elegance, boasting large windows w/ electric blinds, a 7'9" sliding glass door, and direct access to the stunning outdoor retreat. Complete with a games area, custom bar, kitchenette, sauna, and two bedrooms with two full baths, its the perfect space for entertaining/accommodating extended family in style and comfort. Additional highlights include a triple-car garage, multiple walk-outs to the backyard, & elegant finishes thru/out. A rare opportunity to own a statement home in one of the area's most desirable neighbourhoods.*Some Photos are Virtually Staged*
Estimate your monthly payments for this property
Estimated Payment
$17,197.94/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.
12 Old English Lane, 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
Competitive Pricing
At $778/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 48 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 5,000 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 7 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 7 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.