$999,000 - 2864 Bur Oak Avenue, Markham
Townhouse for Sale in Markham
- MLS Number
- N13176996
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 18
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- ROYAL LEPAGE SIGNATURE REALTY
Beautifully Renovated 2-Storey Freehold Townhome (No Maintenance Fees) with 2-Car Garage In Desirable Cornell Markham! Thousands $$$ Spent On Upgrades!! Professionally Finished Basement with Building Permit ('26) with Potential Walk-Out (has been Roughed-In with Concrete floors in Backyard) for Potential Income or In-Law Suite. Featuring Upgraded Kitchen ('26) W/Quartz Countertop, Re-Faced Cabinets, Stainless Steel Appliances, 9 Feet Ceilings on Main Floor with New Water Resistant Laminate Flooring ('26), Smooth Ceilings and Pot Lights ('26), Upgraded Oak Staircase ('26), Updated Bathrooms ('24), Functional & Open Concept Layout, Spacious Primary Bedroom With 5-Pc Ensuite Bath and Walk-In Closet, Freshly Painted, Newer Furnace ('23), Upgraded Light Fixtures and More! Family Friendly Neighborhood. Walks To Top Rated Schools Bill Hogarth S.S, Cornell Village P.S, and St. Joseph C.S.! Close to Mount Joy Go Transit, Hwy 407, Parks, Schools, Groceries, Restaurants, Hospital, Community Ctr, Library, Public Transit, Cornell Bus Terminal & More! See Virtual Tour, Floor Plan & 3D Matterport!
Estimate your monthly payments for this property
Estimated Payment
$5,125.39/mo
Includes CMHC insurance ($27,872)
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.
2864 Bur Oak 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
Competitive Pricing
At $666/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 18 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.
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 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 $4,163 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.