$899,000 - 121 Hopecrest Road, Markham
Townhouse for Sale in Markham
55 days on market- MLS Number
- N13026850
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 55
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- KELLER WILLIAMS EMPOWERED REALTY
Steps from TOP-RANKED schools, including St. Augustine, Lincoln Alexander Public School, and Richmond Green Secondary School. Welcome to this beautiful home located in the highly sought-after Cachet neighborhood. It also offers effortless access to major highways, including HWY 404, 7, and 407, for easy commuting. The property is close to a transportation hub with Richmond Hill GO Station, and offers excellent proximity to everyday conveniences, including supermarkets such as Full Fresh and T&T, King Square Shopping Centre just a few minutes away, and CF Markville Mall. Spanning an impressive layout that feels entirely brand new, it has been freshly painted throughout and illuminated by potlights and new light fixtures, offering a bright, move-in-ready environment with modern elegance at every turn. Step inside the spacious living and dining areas, where oversized windows invite abundant natural light, creating an inviting atmosphere for both entertaining and everyday living. The chef-inspired kitchen features sleek cabinetry, integrated stainless steel appliances, and a glass door walkout to a private backyard, perfect for seamless indoor-outdoor living. Upstairs, generously sized bedrooms and well-appointed bathrooms ensure comfort and functionality throughout. The finished basement (updated 2017) is thoughtfully designed with a dedicated home theatre, providing a refined retreat for movie nights or weekend relaxation. Key mechanical upgrades offer peace of mind, including a new Heat Pump/AC (2023) and new Windows (2019). Outside, the home impresses with a contemporary exterior, minimalist finishes, and a custom deck ideal for entertaining or unwinding in style. Located near a variety of shopping, dining, and everyday conveniences. Blending thoughtful upgrades, modern finishes, and a prime location, this exceptional home offers a lifestyle of comfort and convenience. You don't want to miss it!
Estimate your monthly payments for this property
Estimated Payment
$4,612.34/mo
Includes CMHC insurance ($25,082)
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.
121 Hopecrest Road, 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 $599/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 55 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Markham have shown strong appreciation as families seek more space.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
Bathroom Count Matters
With 3 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.
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 $3,746 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.