$1,638,800 - 53 Smithy Street, Markham
Detached for Sale in Markham
56 days on market- MLS Number
- N13037078
- Property Type
- Detached
- Status
- active
- Days on Site
- 56
- Bedrooms
- 5
- Bathrooms
- 3
- Square Feet
- 2,500 - 2,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- RE/MAX ALL-STARS REALTY INC.
PREMIUM LOT!! Rare opportunity for privacy and tranquility, BACKING ONTO GREENSPACE and steps from lush walking trails. A fully move-in ready FIVE BEDROOM nearly 3,000 sq.ft. executive home (not including the newly finished lower level) sits on a quiet, family-friendly street with direct access to the trails/park. Enjoy a south-facing backyard with no rear neighbours, framed by mature cedar hedges and green space-ideal for families, outdoor play, and entertaining. The main level features a grand foyer and oversized principal rooms designed for both everyday living and year- round hosting. An inviting, bright MONTHS NEW renovated family-sized eat-in KITCHEN overlooking the backyard/greenspace and overlooking the family room. Kitchen features include ample modern cabinetry with an extended large built-in pantry, gleaming quartz countertops, designer subway-style backsplash, under-cabinet lighting and stainless steel appliances. A true chef's delight! The desirable floor plan also includes a bright and airy sunken living room open to a full-size dining room; a south-facing cozy family room with greenspace views open to the kitchen, a focal fireplace and a built-in wet bar. These a warm and functional living spaces are ideal for all your family needs. The upper level offers five spacious and bright bedrooms including a primary suite with a 5-piece ensuite and a walk-in closet as well as a MONTHS NEW renovated main bathroom. The NEWLY FINISHED LOWER LEVEL adds additional living space with endless possibilities. The large open-concept recreation area and additional bonus space are ideal for a large media room, play area, home gym, additional bedroom ++. This executive beauty is located within top-ranked elementary and secondary school districts, French Immersion and Arts programs and steps to parks, amenities, and everyday conveniences. Don't miss this rarely offered move-in-ready home backing onto greenspace. *Please see media link attached*
Estimate your monthly payments for this property
Estimated Payment
$7,248.97/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.
53 Smithy 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 $656/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 56 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 5 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 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 $6,828 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.