$1,299,000 - 8 Villa Ada Drive, Markham
Townhouse for Sale in Markham
- MLS Number
- N13207846
- Property Type
- Townhouse
- Status
- active
- Days on Site
- 16
- Bedrooms
- 4
- Bathrooms
- 7
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- SUPERSTARS REALTY LTD.
This Rarely Offered Townhouse Delivers An Impressive 4000Sqft Of Versatile Living And Income Potential, Featuring 2 Beautifully Upgraded Residential Units And A High-Ceiling Commercial Space On The Ground Level, Along With A Double Car Garage And 3-Car Driveway. Both Residential Suites Showcase Efficient Layouts Enhanced With Premium Touches Such As Elegant Wainscot Wall Detailing And Stylish Light Fixtures. The Kitchens Are Generously Sized And Thoughtfully Designed With Stainless Steel Appliances, Backsplash, Centre Islands With Breakfast Bars. Each Unit Offers A Large Main-Floor Balcony For Outdoor Enjoyment, Plus 2 Spacious Bedrooms And 2 Bathrooms On The Upper Level. Perfect For Those Seeking The Flexibility To Run Business While Generating Rental Income At The Same Time, This Unique Property Offers Exceptional Versatility And Long-Term Value. Easy Access To Shops, Restaurants, Transit, Parks, And Everyday Amenities, Making It An Ideal Choice For Both Comfortable Living And Successful Business Operations.
Estimate your monthly payments for this property
Estimated Payment
$5,745.92/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 Villa Ada Drive, Markham
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Rental income estimator & ROI calculator
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 $371/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 16 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.
Larger Home Realities
At 3,500 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.
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 7 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.