$5,280,000 - 166 Krieghoff Avenue, Markham
Detached for Sale in Markham
Popular Listing- MLS Number
- N13217692
- Property Type
- Detached
- Status
- active
- Days on Site
- 9
- Bedrooms
- 7
- Bathrooms
- 9
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RE/MAX PROHOME REALTY
A Masterpiece of Luxury Living in Prestigious Unionville! Brand-new custom residence offering over 6500 sq. ft. of exceptional living space, including approx. 4,460 sq. ft. on the main & second levels plus a beautifully finished 2,065 sq. ft. basement. Featuring 5+2 bedrooms, each with its own ensuite and heated floors, this extraordinary home showcases refined craftsmanship, timeless design, and modern luxury throughout. A grand stone façade and impressive 9' solid mahogany double entrance door open into a magnificent light-filled foyer. Expansive windows and strategically placed skylights highlight designer chandeliers, custom-fabricated slab vanity sinks, elegant white ash hardwood floors, cozy gas fireplaces, and a dramatic red oak mono-stringer open-riser staircase with LED lighting. The gourmet kitchen is equipped with top-of-the-line appliances and complemented by a second wok kitchen, ideal for both everyday family living and elegant entertaining. The luxurious primary suite offers a spacious walk-in closet and a spa-inspired 7-piece ensuite with heated floors and an automatic toilet. A second-floor laundry room adds convenience, while the upper-level sitting area creates a peaceful retreat for reading, meditation, or quiet relaxation. The fully heated walk-up basement is an entertainer's dream, complete with a spacious games room, large theatre room, wet bar/kitchen, and two additional bedrooms. Located in one of Unionville's most prestigious and established communities, close to top schools, parks, Main Street Unionville, boutique shops, restaurants, cultural events, Unionville GO Station, and everyday amenities. A rare opportunity to own a truly exceptional custom home in the heart of Unionville.
Estimate your monthly payments for this property
Estimated Payment
$23,355.22/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.
166 Krieghoff Avenue, Markham
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
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
Premium Pricing
At $1509/sqft, this property is priced above the Markham average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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 3,500 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 9 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 $22,000 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.