$1,888,800 - 16 Ferrah Street, Markham
Detached for Sale in Markham
- MLS Number
- N13233650
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- TRADEWORLD REALTY INC
* Beautifully Renovated Detached Home In The Most Sought After Prestigious Unionville Community * Located On Quiet Street Neighbouring Multi-Million Dollar Custom Homes * The Family Friendly Private Backyard Is Great For Entertaining With A Brand New Deck & Garden Shed * Enjoy Over 3000 Sq Ft Of Spacious Interior Living Space * Huge Master Bedroom With Fireplace, Walk In Closet, Ensuite Bath * Modern Open Concept Kitchen Comes With New Cabinetry, A Large Island, And Brand New Appliances * Pot Lights * Brand New Flooring Throughout Main, Second Floor & Basement * Upgraded Glass Railing Stairwell * Second Floor Laundry * Basement Finished With Two Good Size Bedroom, 3pc Bath, Den/Office and A Recreation Room * EV Charging Ready * Unionville HS & Parkview PS School Zone * Steps to Too Good Pond, Unionville Main Street, Hwy 7 Shops & Restaurants * Close to Unionville GO, TTC, Hwy 407 & Hwy 404, Downtown Markham, York University Markham Campus * Do Not Miss This Great Value Practical Family Home *
Estimate your monthly payments for this property
Estimated Payment
$8,354.80/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.
16 Ferrah Street, Markham
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Rental income estimator & ROI calculator
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
Fair Market Value
At $944/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 15 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.
Excellent Flexibility
With 5 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 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 $7,870 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.