$3,580,000

For sale

10934 Warden Avenue, Markham (Victoria Square) - Single Family for Sale

10934 Warden Avenue, Markham (Victoria Square), Ontario, L6C1N4

8 beds5 baths12 parking2,750 ft²222 × 276 ft (1.40 acres) lot sizeListed 41 days ago

Overview

This 8-bedroom, 5-bathroom home in Markham is for sale offering roughly 2,750 sq ft of space. It has been on the market 41 days, fresher than the Markham average of 48 days.

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Description

Rare Future Development Opportunity in Prime Markham! Ideally situated in the heart of Markham's high-growth Secondary Plan area, this exceptional property features a wide frontage on Warden Ave with designated Future Development zoning (proposed Employment Land). Tremendous redevelopment potential for commercial, institutional, or mixed-use facilities (daycare, medical clinic, office/warehouse, etc., upon zoning approval). ***Outstanding holding property offering substantial rental income: features a spacious (~2,700 sq.ft.) bungalow boasting 4 bedrooms and 3 baths on the main floor (including 2 newly renovated ensuites), plus a fully finished basement apartment. Large solarium walk-out to deck, detached two-car garage with a small storage/office space at rear. Plenty of parking space. Fully fenced with gate. The adjacent property on the north side owned by York Region government and a new office building and storage facilities were newly built. A proposed large park will be just across the street. The sky's the limit! The best investment to beat the inflation.(Please note photos were enhanced by AI) (id:66096)

Property Details

MLS®: N13828322
Property Type: Single Family
Zoning: Residential
Bedrooms: 8
Beds (above / below): 4 above · 4 below
Bathrooms: 5
Parking: 12
Interior Size: 2,750 ft²
Lot Size: 222 × 276 ft (1.40 acres)
Frontage: 222 ft
Storeys: 1
Style: Bungalow
Basement: Finished, N/A
Heating: Forced air, Oil
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Ownership

Rooms

Main level

Living room: 3.9 x 6.26 meters
Family room: 3.9 x 6.36 meters
Dining room: 3.5 x 3.9 meters
Kitchen: 3.9 x 5.35 meters
Primary Bedroom: 5.06 x 5.5 meters
Bedroom 2: 6 x 6.1 meters
Bedroom 3: 3.2 x 4.05 meters
Bedroom 4: 4.02 x 4.04 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Flooring: Hardwood, Laminate, Ceramic
Foundation: Concrete
Exterior: Brick

Services

Sewer: Septic System

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

41d

Markham (Victoria Square) listings, avg age

48d

Price / ft²

$1,302

List price

$3.58M

Homes here sell faster than most markets

Sold homes in this market spent an average of 32 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 8-bed single family in Markham (Victoria Square) has been listed for 41 days, which is 7 days fresher than the city average of 48. Act while there is still low competition.

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Listed by HOME ONE REALTY INC. · JENNY WU

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L6C)

This home lists at $3,580,000, about 30.3× the local median household income of $118,000.

Carrying it typically needs a household income of about $699,299 (20% down, 25-yr amortization, stress-tested) — roughly 493% above the area median.

Median household income: $118,000
Population: 51,738
Median age: 41.2
Owner / renter: 86% / 14%
Avg. household size: 3.3

Source: Statistics Canada, 2021 Census (FSA L6C)

$3,580,000· $1,302/ft²

For sale

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Full Cost Breakdown

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Down Payment20% · $716,000

Min 20%50%

Mortgage payment$15,268/mo

Property tax (est.)$692/mo

Total monthly$15,959

Cash Needed to Close

Down payment (20%)$716,000

Land transfer tax$75,975

Est. closing costs$13,240

Total cash needed$805,215

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