$1,749,888 - 31 Spanhouse Crescent, Markham
Detached for Sale in Markham
45 days on market- MLS Number
- N13073556
- Property Type
- Detached
- Status
- active
- Days on Site
- 45
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Markham
- Lot Size
- 6,100 sqft
- Listing Brokerage
- AIMHOME REALTY INC.
Great for LiveIn and LEGAL basement rental income! Tastefully updated home in prestigious central Unionville, within a desirable quiet treed neighborhood. Top rated schools. The house location has apparently good feng shui. Excellent income property and home to live in. Rental income from LEGAL basement apart/ accessory suite is a rarity in unionville. Suite market rent may be $2100/mthly and could be used for mortgage qualifications. The House is a corner home and normally alligned back to back, with no side door/ side garage, with the other corner simiarly built home behind. Generous Lot frontage 55 feet. Per MPAC Lot area is 6100 sqft. Per MPAC the total living space, including the suite, is about 3925 sqft. Details: Apt./ Suite has a separate entrance and 8 feet ceiling. Primary House has a functional layout. Kitchen and family room with sunny patio doors with walkout to backyard. Dining room has south facing large window. Living room has bright bay window. A convenient powder room and a practical laundry room with a side door and direct access to the garage complete the main level. Upstairs has a Master bedroom with bay window and 5- piece ensuite. ALL FOUR bedrooms are generously proportioned with hardwood flooring and ample closet space. Smooth ceiling amd pot lights are throughout all house levels. 2 fireplaces. Upgrades cost 190k+ for: Basement - Full legal finish, exits code, fire code, heating code, etc. (2020). First floor and 2nd floor : (All 2026)Stairs and Hardwood floors and tiles. Pot lights, fixtures. All Washrooms and Kitchen cabinet update, counter top and backsplash. Garage door. Furnace (2026). AC (2019). Roof (2018). Appliances: Dishwasher, washer, dryer (2023), stove / fridge (2018). Seller may replace the corner fence to a 7' height. The property is close to Historic Unionville village, Toogood Pond, communitycentres, golf courses, theater, restaurants, boutiques, walking trails, and public transport. As-Is
Estimate your monthly payments for this property
Estimated Payment
$7,740.34/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.
31 Spanhouse Crescent, 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 $700/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 45 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.
Excellent Flexibility
With 6 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 $7,291 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.