$998,000 - 8 Ivory Silk Drive, Markham
Townhouse for Sale in Markham
33 days on market- MLS Number
- N13126298
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 33
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
This Lucky #8 Freehold Townhome is Nestled in the Prestigious and Highly Sought-after Cathedraltown Community, Exceptionally Well Maintained and Beautifully Upgraded by the Original Owner. Offering Approximately 2,800 sq. ft. of Living Space, Including a Finished Basement. This Impressive Home Features Upgraded Direct Access to a Double Car Garage and a Spacious, Functional Layout with 9-ft Ceilings on the Main Floor. Thoughtfully Upgraded throughout with Pot Lights, California Shutters, Smooth Ceilings, and a Carpet-free Interior, the Home Exudes Warmth and Sophistication.The Modern Open-Concept Kitchen Is Equipped with Stainless Steel Appliances, Caesarstone Countertops, Backsplash and a Centre Island, Perfect for Everyday Living. The Second Floor Features New Flooring, a Spacious Master Bedroom with a Walk-in Closet and Spa-Inspired Ensuite with Upgraded Tiled Shower; Plus Two Generous-Sized Bedrooms- the Third Bedroom with Custom B/I Cabinets and Bookcase.The Finished Basement Extends the Living Spaces with an Additional Bedroom, 4-Piece Bathroom, Large Recreation Area and Ample Storage Space - Ideal for Guests, Entertaining or Growing Families. Enjoy the Fully Fenced Backyard for Family Gatherings and Outdoor Fun. Situated in One of Markham's Most Desirable Communities with Top-Ranking Schools, Convenient Access to Highways 404 & 407, Shops, Restaurants, and Other Premier Amenities. Proudly Maintained by the Original Homeowner, This Lovely Home is Truly Move-in Ready!
Estimate your monthly payments for this property
Estimated Payment
$5,120.26/mo
Includes CMHC insurance ($27,844)
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.
8 Ivory Silk Drive, 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 $665/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 33 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.
Townhouse Benefits
Townhouses offer an excellent balance of space and maintenance. You get more room than a condo with lower upkeep than a detached home. Key things to verify: whether it's freehold or condo-titled (affects fees and rules), and the condition of shared walls for noise considerations. Townhouses in Markham have shown strong appreciation as families seek more space.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Markham. Good resale value as demand remains consistent.
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 $4,158 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.