$1,500,000 - 86 Morgan Avenue, Markham
Detached for Sale in Markham
- MLS Number
- N13231210
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,100 - 1,499 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Welcome to 86 Morgan Avenue, a beautifully maintained detached home in the heart of Thornhill, offering the perfect balance of comfort, opportunity, and long-term value. Set on a rare 50 x130 ft pool-sized lot, this property delivers exceptional outdoor space for entertaining, gardening, or future expansion. Inside, the home features a bright and functional 3+3 bedroom, 3-bathroom layout, ideal for growing families or multi-generational living. The main level showcases a recently upgraded kitchen with brand-new countertops and high-end stainless steel appliances (2023), along with updated windows (2023) and a new A/C system (2025), ensuring modern comfort throughout. A major highlight is the fully finished LEGAL basement apartment, registered with the City of Markham, offering excellent income potential or private space for extended family. The property also presents outstanding future development opportunities, including the potential to build a custom 2-3 storey home or explore a semi-detached redevelopment option (buyer to verify).Located in a highly desirable Thornhill pocket, residents enjoy access to top-ranked schools including Thornlea Secondary School, E.J. Sand Public School, and nearby private and French immersion options. Lifestyle amenities are just minutes away with local favourites such as Bayview Village Shopping Centre, Vaughan Mills, cafés along Yonge Street, and parks like Dufferin Clark Conservation Area. The area is also positioned for strong future growth with the upcoming Yonge North Subway Extension, bringing new transit connectivity to Richmond Hill and beyond. A rare opportunity to own a versatile property in one of Thornhill's most established and evolving communities-perfect for end-users, investors, and builders alike.
Estimate your monthly payments for this property
Estimated Payment
$6,635.01/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.
86 Morgan Avenue, 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
Premium Pricing
At $1364/sqft, this property is priced above the Markham average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
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.
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.
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 3 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 $6,250 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.