$1,150,000 - 20 Lord Melborne Street, Markham
Townhouse for Sale in Markham
32 days on market- MLS Number
- N13132278
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 32
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- LYF REALTY
AAA Location! Newly built, End-Unit, freehold Abbey Lane Townhome located in the highly sought-after Victoria Square community in Markham. Featuring a contemporary exterior design and thoughtfully crafted modern interior living space with desirable south-facing park views. Impressive 11-ft ceilings on the ground floor and 9-ft ceilings on second & third floors. The foyer welcomes you with soaring 11-ft ceilings upon entry. Spacious ground-floor bedroom with a 4-piece ensuite bathroom, ideal for extended family, guests, or a home office. Functional open-concept living/dining room with hardwood flooring and electric fireplace for relaxing evenings at home. Modern kitchen featuring centre island, pantry and walkout to a large deck, perfect for outdoor entertaining. The primary bedroom includes a walk-in closet and 4-piece ensuite bathroom and it's own private balcony, while the other two bedrooms are generously sized and enjoy beautiful park views. Upgraded lighting fixtures, pot lights, and elegant iron staircase banisters add a refined touch throughout the home. Large garage with ample storage space. Long driveway with no sidewalk that can accommodate multiple vehicles. Situated at a prime location, steps to Costco, Home Depot, Restaurants, banks and Richmond Green Park. Surrounded By Top Public & Private Schools. Minutes to Highway 404 and 407.
Estimate your monthly payments for this property
Estimated Payment
$5,086.84/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.
20 Lord Melborne 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
Competitive Pricing
At $575/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.
Market Position
At 32 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.
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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Markham. Good resale value as demand remains consistent.
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 $4,792 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.