$999,000 - 5 Madsen Crescent, Markham
Detached for Sale in Markham
33 days on market- MLS Number
- N13114598
- Property Type
- Detached
- Status
- active
- Days on Site
- 33
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
From The Moment You Step Inside This Stunning Gem, Quality And Care Are Evident In Every Detail. This Move-In Ready 2-Bedroom, 2-Full Bath Home Features An Incredible Layout Elevated By Elegant California Shutters, Creating A Bright And Remarkably Spacious Feel. Beautifully Updated In 2022, This Property Boasts Fully Renovated Bathrooms And A Fully Finished Lower Level. The Main Floor Offers The Convenience Of Laundry And Direct Access To A Rare 1.5-Car Garage With Abundant Extra Storage. The Primary Bedroom Is A True Retreat, Complete With Custom Extended Mirrored Closets That Make Organizing An Absolute Dream. The Second Bedroom Is Equally Impressive, Featuring A Large Walk-In Closet. The Fully Renovated Basement Features Soaring 10-Foot Ceilings-A Feature Virtually Unheard Of In This Neighborhood! A Private Side Entrance Offers Immense Potential For A Lower-Level Apartment, Income Helper, Or Private Guest Suite. Outside, Enjoy A Private Fenced Backyard And A Wide Driveway That Parks Two Cars Side-By-Side, Eliminating The Need For Any Shuffling. Move-In Ready And Carefully Maintained Throughout. Located Minutes To Centennial GO Station, Markville Mall, Centennial Community Centre, And Markham Centennial Park, And Within The Desirable Central Park PS And Markville SS School Zones, With French Immersion, IB, And Arts Program Options Nearby.
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.
5 Madsen Crescent, 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
Fair Market Value
At $908/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
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.
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.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.