180 & 188 Main Street, Markham

Price: $2,950,000

6 bedrooms, 4 bathrooms

3,000 - 3,499 sqft

Property Type: Detached

MLS#: N13010628

Discover a rare opportunity to own a distinguished 5-bedroom, 4-bath heritage home in the heart of historic Main Street Markham. Located on a prime, oversized corner, this exceptional property seamlessly blends timeless character with modern versatility. Boasting generous principal rooms, elegant architectural details, and ample living space, this residence is ideal for families, professionals, or investors alike. A chef's custom kitchen anchors the home, complemented by pot lights and built-in speakers that enhance both everyday living and entertaining. The flexible layout offers endless possibilities-whether you envision a stunning private residence, a live-work setup, or a unique commercial venture. Extensively updated with permits, the home features improvements to electrical, windows, insulation, driveway, fresh paint, front and rear porches, and siding-offering peace of mind while preserving its historic charm. An insulated and heated garage with an EV charger adds modern convenience and year-round functionality. With highly sought-after dual residential and commercial zoning, the property provides incredible potential for offices, boutique retail, or service-based businesses-right in one of Markham's most vibrant and charming corridors. Situated steps from shops, restaurants, parks, and transit, this prime location offers unmatched convenience while maintaining the character of a heritage setting. A truly rare offering-own a piece of Main Street Markham history with exceptional flexibility and future potential.

180 & 188 Main Street - Detached photo 1 of 4 in Markham, Ontario
180 & 188 Main Street - Detached photo 2 of 4 in Markham, Ontario
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$2,950,000 - 180 & 188 Main Street, Markham

Detached for Sale in Markham

New — Listed yesterday
6Beds
4Baths
3,000 - 3,499Sq Ft
Detached
Property Details
MLS Number
N13010628
Property Type
Detached
Status
active
Days on Site
1
Bedrooms
6
Bathrooms
4
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Markham
Listing Brokerage
HOMELIFE/BAYVIEW REALTY INC.
Description

Discover a rare opportunity to own a distinguished 5-bedroom, 4-bath heritage home in the heart of historic Main Street Markham. Located on a prime, oversized corner, this exceptional property seamlessly blends timeless character with modern versatility. Boasting generous principal rooms, elegant architectural details, and ample living space, this residence is ideal for families, professionals, or investors alike. A chef's custom kitchen anchors the home, complemented by pot lights and built-in speakers that enhance both everyday living and entertaining. The flexible layout offers endless possibilities-whether you envision a stunning private residence, a live-work setup, or a unique commercial venture. Extensively updated with permits, the home features improvements to electrical, windows, insulation, driveway, fresh paint, front and rear porches, and siding-offering peace of mind while preserving its historic charm. An insulated and heated garage with an EV charger adds modern convenience and year-round functionality. With highly sought-after dual residential and commercial zoning, the property provides incredible potential for offices, boutique retail, or service-based businesses-right in one of Markham's most vibrant and charming corridors. Situated steps from shops, restaurants, parks, and transit, this prime location offers unmatched convenience while maintaining the character of a heritage setting. A truly rare offering-own a piece of Main Street Markham history with exceptional flexibility and future potential.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$13,048.85/mo

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5-yr fixed avg.

Principal: $2,360,000Interest: $1,554,654
Mortgage Amount$2,360,000
Total Interest$1,554,654
Est. Property Tax$2,090/mo
Total Cost$3,914,654

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.

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Neighbourhood Guide: Markham

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

180 & 188 Main Street, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,600/mo
Range: $3,910 - $5,290
Cap Rate (ROI)
0.8%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$4,600
Maintenance Fees-$0
Property Tax (est.)-$2,090
Insurance (est.)-$615
Net Cash Flow+$1,895

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Fair Market Value

At $983/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Markham's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 3,000 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 6 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 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.

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