$13,000,000 - 2946-2956 Elgin Mills Road, Markham
Semi-Detached for Sale in Markham
39 days on market- MLS Number
- N13087922
- Property Type
- Semi-Detached
- Status
- active
- Days on Site
- 39
- Bedrooms
- 42
- Bathrooms
- 36
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Markham
- Listing Brokerage
- CENTRAL HOME REALTY INC.
Investment Property With Elevator $$$$Luxury Developed Opportunity - Prime Location Near Elgin Mills & Hwy 404. A Rare Offering Of 6 Luxury Semi-Detached Residences Situated On A Private Road With The Potential To Create An Exclusive Gated Community.Each Home Features 5 Spacious Bedrooms, ELEVATOR Accessing All 4 Levels For Convenience. 4-Car parking, Fully Finished Basement With Separate Walk Up Entrance With 1bedroom suite, Currently In The Process Of Conversion To12 Residential units. Strong Potential To Expand To 18 Units, Maximizing Density And Investment Return.Offering Convenient Access To Major Routes, Amenities, And Future Growth. An Exceptional Opportunity For Investors Or Developers Seeking A High-End, Income-Generating Project With Significant Upside. The Most Breathtaking Brand-New Luxury Residences Located In The Sought After Community Of Victoria Square. With $100k+ Upgraded Blending Modern Luxury With Timeless Elegance.Offers Approximately 3700 Sq Ft Of Finished Luxury Living Space Formal Living And Dining For Large Gatherings And Walk-Out To A Large Terrace. A Gourmet Kitchen At The Heart Of The Home Featuring Built-In Appliances, Custom Cabinetry And A Grand Island. The Perfect Retreat For A Multi-Generational Family With A Finished Basement. A Large Master Bedroom With A Walk-Out To A Private Terrace. All 6 Semi-Detached Combined 30 Above Ground Rooms And 6 Rooms In The Bsmt. (Elevator, Alarm System, Ev Charger, Smart Thermostat, Pot lights & Harwood Flooring Through The House)
Estimate your monthly payments for this property
Estimated Payment
$57,503.38/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.
2946-2956 Elgin Mills Road, 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
Premium Pricing
At $2600/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.
Market Position
At 39 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.
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 42 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 36 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.