$1,130,000 - 40 Outlook Terrace Drive, Markham
Detached for Sale in Markham
New — Listed 2 days ago- MLS Number
- N13431504
- Property Type
- Detached
- Status
- active
- Days on Site
- 2
- Bedrooms
- 3
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RE/MAX EXCEL REALTY LTD.
Welcome home to this warm and inviting sun-filled residence, perfectly nestled in the heart of the highly desirable Greensborough community. Thoughtfully designed for comfortable family living, this beautifully upgraded 3-bedroom home offers a seamless blend of charm, functionality, and modern style. The inviting living space, anchored by a cozy fireplace, is filled with warmth and character-creating the perfect setting for intimate gatherings, family movie nights, or simply unwinding after a long day. Every corner of this home exudes comfort, making it a true sanctuary you'll look forward to coming home to.The beautifully designed open-concept kitchen flows seamlessly into the sun-drenched family room, where large windows frame picturesque backyard views. Whether you're preparing family meals, hosting guests, or enjoying your morning coffee, this space effortlessly brings everyone together. Step outside and discover your own private backyard sanctuary. Professionally landscaped with elegant interlock stonework. It's the perfect place to enjoy morning coffee, summer barbecues, or unwind beneath the stars after a long day. Lovingly maintained and extensively upgraded, this home also offers a brand new appliances, newer roof and AC(2020), updated windows and doors, double insulation for added comfort and efficiency, stylish pot lights, smooth ceiling and many more. Ideally located just steps from beautiful parks, scenic ravine trails, top-ranked schools, and convenient transit, this is more than just a house-it's a place where lasting memories are made and cherished for years to come.
Estimate your monthly payments for this property
Estimated Payment
$4,998.37/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.
40 Outlook Terrace Drive, Markham
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Rental income estimator & ROI calculator
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 $753/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.
Just Listed - Act Strategically
This property hit the market within the last week. In Markham's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.
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.
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 $4,708 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.