$2,780,000 - 8 Prescott Court, Markham
Detached for Sale in Markham
- MLS Number
- N13212414
- Property Type
- Detached
- Status
- active
- Days on Site
- 15
- Bedrooms
- 7
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- HOMELIFE LANDMARK REALTY INC.
Client RemarksA Rare Luxury Offering In Prestigious Bayview Glen On A Quiet Cul-De-Sac! Custom Built By Renowned Shane Baghai, This Impeccably Maintained Residence Showcases Timeless Elegance, Exceptional Craftsmanship, A Circular Drive, Triple Car Garage And No Sidewalk. Featuring A Rare And Functional 5+2 Bedroom Layout, Ideal For Large Or Multi-Generational Families. A Soaring Grand Foyer With Marble Finishes And A Dramatic Curved Staircase Creates A Stunning First Impression. The Main Floor Offers A Complete And Functional Layout With Separate Formal Living And Dining Rooms, A Spacious Family Room With Walk-Out To The Interlocked Patio, And A Beautiful Open-Concept Gourmet Kitchen Featuring Marble Countertops, Gas Cooktop, And An Oversized Breakfast Area. Solid Hardwood Floors Throughout And Brilliant Pot Lights On The Main Level Add Warmth And Sophistication. The Professionally Finished Walk-Out Basement With Separate Entrance Includes A Wet Bar, Kitchen, Bedroom And Washroom, Perfect For Entertaining, Extended Family Living, Or A Nanny Suite. Step Outside To A Spectacular Private Backyard Retreat With Extensive Landscaping, Inground Sprinkler System, Heated Inground Pool, Large Patio Area, And Exceptional Outdoor Space For Relaxation And Entertaining. Renovated Kitchen And Baths, Elaborate Mouldings, Excellent Maintenance, And True Pride Of Ownership Throughout. Unbeatable Location Just Minutes To Bayview Golf & Country Club, Top-Ranked Public And Private Schools, Parks, Trails, Transit, And Highways. New Furnace And A/C (2017), Newer Roof And Insulation. A Truly Exceptional Family Home In One Of Markham's Most Sought-After Communities.
Estimate your monthly payments for this property
Estimated Payment
$12,296.88/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.
8 Prescott Court, 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 $927/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.
Market Position
At 15 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.
Larger Home Realities
At 3,000 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 7 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 5 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.