$999,000 - 3 Magnotta Road, Markham
Townhouse for Sale in Markham
- MLS Number
- N13149016
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 27
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to 3 Magnotta Rd, a beautifully renovated 3 bedroom, 3 washroom townhouse nestled in the prestigious Cachet community of Markham. This thoughtfully designed move-in ready home combines modern elegance, quality craftsmanship and functional family living in one of Markham's most sought after neighbourhoods. Step inside to discover a stunning chef-inspired kitchen featuring white cabinetry, quartz countertops, stainless steel appliances, gold accents, open shelving, abundant storage space and a spacious centre island perfect for entertaining and everyday living. The bright breakfast area offers a walkout to the backyard, ideal for summer BBQs, outdoor entertaining and everyday enjoyment, while also providing direct outdoor access to the garage. The bright open concept living space is anchored by a sleek modern fireplace with custom floating shelves, pot lights throughout and oversized windows that fill the home with natural light. The main floor also offers a convenient powder room and direct interior access to the garage for added everyday functionality. Upstairs, the spacious primary retreat offers a calming designer-inspired atmosphere with modern lighting, a walk-in closet, and a beautifully renovated ensuite bathroom featuring a glass shower enclosure, Toto toilet and premium Riobel showerhead fixtures. The two additional bedrooms feature large windows and ample natural light, while the second full bathroom has also been tastefully renovated with modern finishes and fixtures. The fully finished basement offers flexible space for a gym, recreation room, media room or home office, along with an upgraded laundry room complete with built-in cabinetry, utility sink and additional storage space. Located in the highly desirable Cachet neighbourhood, close to top-ranked schools, parks, restaurants, shopping, Highway 404 and all major amenities, this stylish and meticulously maintained townhouse offers the perfect blend of luxury, comfort and convenience.
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.
3 Magnotta 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 $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 27 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.
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 3 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.