$1,074,990 - 3 Lounts Lane, Markham
Townhouse for Sale in Markham
53 days on market- MLS Number
- N13032646
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 53
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- PMA BRETHOUR REAL ESTATE CORPORATION INC.
Welcome to Terrace Park Towns featuring this Brand New, Never Lived in - Large Family Sized Townhome!On the upper 2 floors, you will find your open concept living,a den with glass partition wall, bright kitchen, 3 bedrooms & 2.5 bathrooms. On the ground level, you will find a multi use space (can be used as a rec room, office, living room, etc), a powder room & 2 entrances (front+back door). If you are looking for multi-generational living potential, this townhome features an unfinished basement with an oversized window for a future bedroom, a Rough in for a 3 piece bathroom & a rough in for a future 2nd Laundry connection. When used in combination with the ground level's rec space that has a separate entrance.. the potential is huge & your future basement suite will make the in-laws smile!This Pineridge Model is 2080 sq ft & features key upgrades from oversized ceramic tiles to upgraded cabinetry. The kitchen features a natural stone countertop, a large pantry & a stainless steel appliance package. Just off the kitchen, you have direct access to a private outdoor terrace w/over 100 sq. ft. of outdoor living space.The Laundry is conveniently located on the bedroom level. Washer & dryer incl'd. Direct from Builder - State Building Group/Forest Hill Homes, Terrace Park Towns. The purchase price listed includes HST. ***NOTE: This townhome qualifies for the expanded HST relief programs which allows the purchaser to apply for after closing rebates to the purchaser of just over $100,000*** Move in ready for quick closing. No Occupancy Fees.EXTRAS: 8' ceilings (1st & Bsmt), 9' ceilings (2nd & 3rd), smooth ceilings throughout, hardwood & ceramic tile (1st, 2nd & hallway on 3rd). Carpet in bedrooms only. Dual zone heating allowing for separate heating/cooling settings in the 2 zones - Basement + 1st floor AND 2nd + 3rd floor providing ultimate comfort year round. Central A/C, Oak stairs w/metal pickets. Full TARION warranty.
Estimate your monthly payments for this property
Estimated Payment
$4,755.04/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 Lounts Lane, 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 $537/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 53 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.
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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $4,479 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.