$1,699,999 - 140 Reeve Drive, Markham
Detached for Sale in Markham
31 days on market- MLS Number
- N13136242
- Property Type
- Detached
- Status
- active
- Days on Site
- 31
- Bedrooms
- 4
- Bathrooms
- 5
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to an exceptional family home on a rarely offered, tree-lined street in one of Markham's most desirable neighbourhoods. Set on a wide 53 ft frontage with a double garage, this home offers outstanding curb appeal, a practical layout, and generous space for everyday living and entertaining. The main level features bright open-concept living and dining areas, a separate family room, and a beautifully renovated kitchen with upgraded cabinetry. The showpiece is the stunning solarium with floor-to-ceiling windows and walk-out to a mature treed yard, creating a peaceful, forest-like retreat in every season. Upstairs offers 4 spacious bedrooms and 3 bathrooms, including a 5-piece primary ensuite, rare private ensuite in the third bedroom, and updated main bath. The finished basement provides added versatility with upgraded flooring, rough-in for a kitchenette, and space for recreation or extended family living. Additional rough-ins for a hot tub, built-in speakers, and gas BBQ line offer excellent future potential. Close to Markham Village, GO Train, transit, Hwy 407, library, trails, parks, Morgan Pool, arenas, Centennial, Cornell, and Aaniin Community Centres. A beautifully maintained home offering charm, space, and Markham Stouffville Hospital convenience.
Estimate your monthly payments for this property
Estimated Payment
$7,519.67/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.
140 Reeve 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
Competitive Pricing
At $680/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.
Market Position
At 31 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Markham. Good resale value as demand remains consistent.
Bathroom Count Matters
With 5 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 $7,083 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.