$5,495,000 - 78 Elgin Street, Markham
Detached for Sale in Markham
50 days on market- MLS Number
- N13039342
- Property Type
- Detached
- Status
- active
- Days on Site
- 50
- Bedrooms
- 6
- Bathrooms
- 8
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Markham
- Lot Size
- 31,043 sqft
- Listing Brokerage
- HAMMOND INTERNATIONAL PROPERTIES LIMITED
A rare expression of timeless grandeur, Villa Imperium rises behind private gates in the heart of coveted Old Thornhill - set upon estate-like grounds of remarkable scale (over 7200 SF AG), privacy, and presence. Inspired by the great residences of Europe, this one-of-a-kind neoclassical masterpiece is defined by extraordinary craftsmanship seldom seen. A breathtaking arrival unfolds within a regal rotunda where double-height 20' ceilings, hand-painted Baroque murals, and a sweeping circular staircase create pure architectural theatre. Principal rooms are designed for elegance and occasion. Formal living and dining salons, each anchored by wood-burning fireplaces, evoke heritage and refinement. The luminous chef's kitchen, crowned by a vaulted glass ceiling, flows seamlessly to an expansive breakfast setting with a walkout to natures terrace.The primary suite offers dual walk-in wardrobes and a spa-inspired six-piece ensuite with vaulted ceiling. Generously appointed additional bedrooms feature walk-in closets and ensuites throughout.The lower level delivers an immersive lifestyle experience - full wet bar, home cinema, fitness studio, cedar sauna, additional bedroom, two full baths and a walkup to the verdant resort like yard .Outdoors, a shimmering pool is framed by lush, tree-lined privacy and expansive terraces - designed for grand entertaining and quiet retreat alike. A stately wrought-iron gated entrance and circular drive complete the sense of arrival.Moments to top-tier schools, elite golf clubs, fine dining, and transit. A residence without compromise. A world of magnificence awaits! **Some images in this listing have been enhanced using digital technology, including AI-assisted tools, for illustrative purposes only. Enhanced images may not accurately represent the current state of the property. Prospective buyers are advised to arrange a personal viewing to verify all details**
Estimate your monthly payments for this property
Estimated Payment
$24,306.24/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.
78 Elgin 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
Fair Market Value
At $1099/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.
Negotiation Opportunity
At 50 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 5,000 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 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 8 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.