$1,118,888 - 51 Albert Lewis Street, Markham
Detached for Sale in Markham
72 days on market- MLS Number
- N12967860
- Property Type
- Detached
- Status
- active
- Days on Site
- 72
- Bedrooms
- 6
- Bathrooms
- 4
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RE/MAX REALTRON REALTY INC.
Welcome to this beautifully upgraded home in the highly sought-after Cornell Rouge community, offering over 2,500 sq ft of living space plus additional basement area, with exceptional flexibility and future income potential - perfect for growing families and investors alike. Featuring 4 spacious bedrooms plus a rare 2-bedroom loft, this property is ideal for multi-generational living, a home office setup, or creating a private suite. The loft and basement offer separate entrances, providing excellent potential for a secondary unit to generate rental income and help offset mortgage costs. Enjoy a grand double-door entry, 9-ft ceilings on the main floor, and a bright open-concept layout filled with natural light from large windows throughout. The modern kitchen boasts a large centre island, breakfast area, and stylish finishes, while the inviting family room with fireplace is perfect for entertaining. The primary bedroom includes a 4-piece ensuite, complemented by main floor laundry, walk-out to the backyard, and a double garage with direct access to a spacious mudroom. Conveniently located close to schools, parks, community centre, Walmart, Markham Stouffville Hospital, Markville Mall, Hwy 7 and Hwy 407-this is a rare opportunity not to be missed!
Estimate your monthly payments for this property
Estimated Payment
$4,949.22/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.
51 Albert Lewis Street, 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 $448/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 72 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.
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 $4,662 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.