$1,039,990 - 158 Mumbai Drive, Markham
Townhouse for Sale in Markham
141 days on market- MLS Number
- N12456530
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 141
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- INTERCITY REALTY INC.
Welcome to this Freehold Luxury Traditional 2-Storey Townhome. Built by a reputable builder Remington Homes. Well designed Ginseng End Unit 1,506 Sq. Ft. as per builder's plans. Many extra side windows provide a lot of natural light. 9' ceilings on main and second floors. Granite counters in kitchen and washrooms. Hardwood on ground floor. Extra height kitchen cabinets plus kitchen island. Freestanding tub in primary ensuite. Finished Rec Room in the basement with a 3-Piece washroom for your convenience. Over $40K in upgrades (upper hallway hardwood, upgraded hardwood, upgraded stairs and pickets, upgraded interior doors, upgraded basement stairs, kitchen backsplash, 11 pot lights, Level 2 upgrade kitchen cabinets, upgraded quartz countertop in all bathrooms. This subdivision is next to Aaniin Community Centre, schools, major highways, transit routes, 2,000 km Nature Trails, gold clubs. Flexible closing available (30, 60, 90 days). The images have been virtually staged. Furnishings and décor have been digitally added and may not represent the actual property.
Estimate your monthly payments for this property
Estimated Payment
$4,600.23/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.
158 Mumbai 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 $693/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 141 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 4 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 $4,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.