$4,180,000 - 16 Rinas Avenue, Markham
Detached for Sale in Markham
94 days on market- MLS Number
- N12887560
- Property Type
- Detached
- Status
- active
- Days on Site
- 94
- Bedrooms
- 7
- Bathrooms
- 8
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Magnificent Custom Built Luxury Château Offering Exceptional Craftsmanship and Over $1 Million in Premium Upgrades! This stunning estate home features a rare 4-car garage and impressive curb appeal with elegant stone and brick exterior. Step inside to discover a grand interior highlighted by 10 ft ceilings on the main floor, luxurious heated marble flooring, and extensive custom wainscotting and wall panelling throughout. Elegant 9 inch baseboards run along the main and 2nd floors, showcasing the home's exceptional attention to detail. The impressive foyer opens to a dramatic staircase with wrought iron railings and leads into beautifully designed principal rooms. The spectacular 2 storey dining room with waffle ceilings creates an elegant space for entertaining, while the study, living room, and primary bedroom feature stunning custom floral pattern ceilings that add unique architectural character. At the heart of the home is a custom gourmet kitchen designed for both everyday living and hosting. The space features an impressive 12 ft centre island, premium Sub-Zero & Wolf built-in appliances, custom cabinetry, stone counters, and high-end finishes throughout. Upstairs offers 9 ft ceilings and spacious bedrooms including a luxurious primary suite with heated marble floors in the spa-like ensuite. The walk-up basement offers incredible flexibility with a nanny or in-law suite featuring 2 bedrooms, second kitchen, cinema room, laundry, and additional living space.The professionally landscaped $500K+ backyard oasis is designed for relaxation and entertaining, featuring elegant stonework, water feature with 2 fountains, multiple outdoor seating areas, and a luxury hot tub, creating a private resort-style retreat. A truly remarkable home combining grand architecture, premium upgrades, and exceptional indoor-outdoor living in a prime Victoria Square location in Markham.
Estimate your monthly payments for this property
Estimated Payment
$18,489.55/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 Rinas Avenue, 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
Fair Market Value
At $836/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.
Negotiation Opportunity
At 94 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 8 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.