$2,500,000 - 5 Oakcrest Avenue, Markham
Detached for Sale in Markham
53 days on market- MLS Number
- N13040718
- Property Type
- Detached
- Status
- active
- Days on Site
- 53
- Bedrooms
- 7
- Bathrooms
- 9
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rare South-East Corner Estate on a Prestigious Multi-Million Dollar Street.Discover unparalleled scale and structural integrity in this custom-built masterpiece, situated in a prime pocket just south of Hwy 7 & Kennedy. Offering over 8,000 sq. ft. of total livable space, this residence is engineered for the discerning homeowner, featuring Insulated Concrete Form (ICF) construction from foundation to truss for superior energy efficiency and soundproofing.The Main Level: A grand open-concept layout defined by elegant round walls, 10' ceilings, and imported granite tiles. Sophistication is in the details: 8" crown moldings, 8" baseboards, and classic wainscoting. The chef's kitchen is a culinary dream, featuring built-in Thermador and Bosch appliances, premium granite countertops, and a seamless walk-out to the patio. A dedicated mudroom adds essential convenience for busy families.The Upper Tier: An extra-wide oak staircase leads to five sun-drenched bedrooms, including four private ensuites. High-end diagonal hardwood floors run throughout, while three massive 4x4 skylights flood the home with natural light.Income & Versatility: The expansive lower level is a rare find, currently configured with two separate basement apartments (one featuring a private entrance and full kitchen). There is clear potential to create a third apartment, making this an ideal setup for multi-generational living or a high-yield investment.Complete with a 3-car garage and situated just steps from world-class amenities, this home represents a rare fusion of quality workmanship and a triple-A location. Experience the quiet luxury of a home built to a higher standard.
Estimate your monthly payments for this property
Estimated Payment
$11,058.34/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.
5 Oakcrest Avenue, 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 $714/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.
Negotiation Opportunity
At 53 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
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 3,500 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 9 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.