$1,598,800 - 3 Lancashire Road, Markham
Detached for Sale in Markham
55 days on market- MLS Number
- N13028350
- Property Type
- Detached
- Status
- active
- Days on Site
- 55
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RIGHT AT HOME REALTY
Charming detached home nestled on a quiet tree-lined street in the heart of the highly sought after Unionville neighbourhood. The exterior features an aesthetically pleasing and durable interlock driveway as well as a two car garage. Bright, spacious and freshly painted with elegant light fixtures throughout. The functional layout features a large formal living and dining area, as well as a private and cozy family room. The newly renovated kitchen is a chef's dream with quartz countertops, custom backsplash, and plenty of cabinetry. Step into a spacious and sun filled breakfast area that overlooks the private backyard space, perfect for BBQ's, gardening, or entertaining. Upstairs you'll find four large bedrooms including the Primary retreat which boasts a separate sitting area, his and her walk-in closets, and a luxurious ensuite. Head down to a professionally finished and versatile lower floor with a separate entrance that includes a large living and dining space, full kitchen, spacious bedroom with walk-in closet, large bathroom, and plenty of storage space. This home is perfectly situated as it is within one of Ontario's top school zones that includes Coledale public school and Unionville Highschool. You can also find nearby amenities including the scenic Toogood Pond Park, Angus Glen Community Centre and Golf Course, Shopping Plazas, Restaurants, and much more. In addition, this location offers plenty of options for commuters with easy access to Highway 7, 404, and the 407. You are also a short distance away from Markham and Centennial Go stations. This home features the perfect blend of prestige, functionality, and convenience.
Estimate your monthly payments for this property
Estimated Payment
$7,072.03/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.
3 Lancashire 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
Competitive Pricing
At $640/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.
Negotiation Opportunity
At 55 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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.
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 $6,662 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.