$1,088,000 - 7 Downside Road, Markham
Detached for Sale in Markham
- MLS Number
- N13169298
- Property Type
- Detached
- Status
- active
- Days on Site
- 24
- Bedrooms
- 3
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- ANJIA REALTY
Welcome To This Beautifully Maintained Link Home Situated On A Premium 30' x 112' Lot In A Highly Desirable Family-Friendly Markham Neighbourhood. Offering Approximately 1,893 Sq. Ft. Above Grade Plus A Finished Basement Of Approx. 750 Sq. Ft., This Spacious Residence Features 3 Generously Sized Bedrooms And 4 Bathrooms. Freshly Painted Throughout, The Main Floor Showcases A Functional Layout With Separate Living, Family And Formal Dining Rooms. The Sun-Filled Dining Room Features Large Windows That Fill The Space With Natural Light, Creating A Warm And Inviting Setting For Family Gatherings And Entertaining. Ceramic Flooring And Pot Lights Enhance The Main Level, While The Kitchen Is Equipped With Stainless Steel Appliances, Including A Gas Stove, New Range Hood And Refrigerator.The Second Floor Features Parquet Flooring Throughout, along with 3 Spacious Bedrooms And 2 Bathrooms, Including An Upgraded Shared Bathroom Renovated In 2020. Designed For Comfortable Family Living, The Upper Level Offers A Bright And Functional Layout With Well-Proportioned Rooms.The Finished Basement Adds Approximately 750 Sq. Ft. Of Additional Living Space And Features Vinyl Flooring, A 3-Piece Bathroom, Wet Bar And Existing Kitchen Facilities, Providing Flexible Options For Extended Family, Recreation, Entertainment Or A Home Office Setup.Notable Updates Include Roof (2015), A/C (2012), Attic Insulation (2020) And An Owned Hot Water Tank. Enjoy Outstanding Parking With A Double-Car Garage Featuring Garage Door Opener, A 4-Car Driveway And No Sidewalk. The Private Backyard Includes A Natural Gas BBQ Hookup, Perfect For Outdoor Entertaining And Summer Gatherings. Survey Available. Conveniently Located Close To Schools, Parks, Shopping, Public Transit And Other Everyday Amenities. A Fantastic Opportunity To Own A Spacious, Move-In Ready Home Offering Comfort, Functionality And Excellent Value.
Estimate your monthly payments for this property
Estimated Payment
$4,812.59/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.
7 Downside Road, 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 $725/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 24 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.
Starter Home Potential
3 bedrooms works well for couples planning families or small families with one child. Consider whether you might outgrow the space in 5-7 years. If so, factor in potential moving costs when making your decision. Alternatively, some buyers convert a bedroom to an office and make it work long-term.
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 $4,533 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.