47 Mohandas Drive, Markham

Price: $1,899,800

7 bedrooms, 6 bathrooms

3,000 - 3,499 sqft

Property Type: Detached

MLS#: N13124804

Welcome to 47 Mohandas Dr, a stunning 5-bed, 6-bath executive home in desirable Markham area. This executive residence boasts approximately 3500 sq ft of luxurious living space above grade, nestled amongst picturesque ravines and backing onto the prestigious Remington Golf Club. The open-concept design seamlessly connects the gourmet kitchen, featuring quartz counters and Wolf appliances, to the spacious family room with a cozy gas fireplace. Main-floor bedroom with an attached washroom and a huge walk-in closet offers convenience and privacy, while the upper level boasts a luxurious master retreat with a 5-piece ensuite and a large walk-in closet. Two additional bedrooms share a Jack & Jill 5-piece bathroom, and the fourth bedroom features its own private ensuite. The lower level features a legal basement apartment with a separate entrance, ideal for extended family or rental income. The exterior is equally impressive with professional landscaping and. Located in a prime Markham/Steeles area, this home is just minutes from top-ranked schools, 407, shopping centers, and restaurants.

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$1,899,800 - 47 Mohandas Drive, Markham

Detached for Sale in Markham

33 days on market
7Beds
6Baths
3,000 - 3,499Sq Ft
Detached
Property Details
MLS Number
N13124804
Property Type
Detached
Status
active
Days on Site
33
Bedrooms
7
Bathrooms
6
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Markham
Listing Brokerage
CENTURY 21 PERCY FULTON LTD.
Description

Welcome to 47 Mohandas Dr, a stunning 5-bed, 6-bath executive home in desirable Markham area. This executive residence boasts approximately 3500 sq ft of luxurious living space above grade, nestled amongst picturesque ravines and backing onto the prestigious Remington Golf Club. The open-concept design seamlessly connects the gourmet kitchen, featuring quartz counters and Wolf appliances, to the spacious family room with a cozy gas fireplace. Main-floor bedroom with an attached washroom and a huge walk-in closet offers convenience and privacy, while the upper level boasts a luxurious master retreat with a 5-piece ensuite and a large walk-in closet. Two additional bedrooms share a Jack & Jill 5-piece bathroom, and the fourth bedroom features its own private ensuite. The lower level features a legal basement apartment with a separate entrance, ideal for extended family or rental income. The exterior is equally impressive with professional landscaping and. Located in a prime Markham/Steeles area, this home is just minutes from top-ranked schools, 407, shopping centers, and restaurants.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$8,403.46/mo

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5-yr fixed avg.

Principal: $1,519,840Interest: $1,001,197
Mortgage Amount$1,519,840
Total Interest$1,001,197
Est. Property Tax$1,346/mo
Total Cost$2,521,037

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.

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Neighbourhood Guide: Markham

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

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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.

70
Walk Score
Varies
Price Range

47 Mohandas Drive, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$5,000/mo
Range: $4,250 - $5,750
Cap Rate (ROI)
2.1%
Fair

Monthly Cash Flow Breakdown

Rental Income+$5,000
Maintenance Fees-$0
Property Tax (est.)-$1,346
Insurance (est.)-$396
Net Cash Flow+$3,258

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $633/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 33 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.

Larger Home Realities

At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

Excellent Flexibility

With 7 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 6 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.

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    47 Mohandas Drive, Markham — $1,899,800 | Battaglia Team