$1,488,000

For sale

111 Fred Varley Drive, Markham (Unionville) - Single Family for Sale

111 Fred Varley Drive, Markham (Unionville), Ontario, L3R1T1

3 beds3 baths6 parking1,750 ft²50 × 125 ft (6,250 sq ft) lot sizeListed 19 days ago

Overview

This 3-bedroom, 3-bathroom home in Markham is for sale offering roughly 1,750 sq ft of space. Listed at $1,488,000, it is attractively priced about 15% below the $1,750,000 median asking price in Markham. It has been on the market 19 days, fresher than the Markham average of 63 days.

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Description

An Exceptional Opportunity in the Heart of Historic Unionville!Backing onto the mature trees and tranquil stream of Toogood Park, this beautifully renovated home sits on a spectacular 50' x 125' private lot, offering a rare combination of natural beauty, privacy, and future potential. Featuring a custom addition and extensive upgrades throughout, the home boasts soaring cathedral ceilings, skylights, pot lights, a spacious great room, and an elegant oversized dining area. The upgraded kitchen features granite countertops and a breakfast bar, while two gas fireplaces add warmth and character. Three upgraded bathrooms, a generously sized primary bedroom with a large walk-in closet and spacious 4-piece ensuite, and convenient main-floor laundry complete the interior.Step outside to a private backyard retreat featuring lush gardens, a swimming pool, expansive decks, and a stone patio overlooking the serene park setting. Enjoy this inviting home as it is or explore the potential to build your dream home on this premium lot. Situated in one of Markham's most desirable school districts, this exceptional property is also just a short walk to historic Unionville Main Street, top-rated schools, parks, and charming local amenities. A rare opportunity to enjoy an outstanding lifestyle in one of Unionville's most coveted neighbourhoods! (id:66096)

Property Details

MLS®: N14084898
Property Type: Single Family
Bedrooms: 3
Beds (above / below): 2 above · 1 below
Bathrooms: 3
Parking: 6
Interior Size: 1,750 ft²
Lot Size: 50 × 125 ft (6,250 sq ft)
Frontage: 50 ft
Basement: Finished, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Detached Garage, Garage
Fireplace: Yes
Pool: Yes
Ownership: Freehold
Property Tax: $9,352.35/yr
Listed

Rooms

Main level

Great room: 6.6 x 4.5 meters
Dining room: 4.8 x 3.9 meters
Kitchen: 5.6 x 3 meters
Den: 5.8 x 3.1 meters
Laundry room: 3.4 x 1.8 meters

Upper Level

Primary Bedroom: 4.6 x 3.3 meters
Bedroom 2: 3.1 x 2.85 meters

Lower level

Bedroom 3: 3.6 x 3.2 meters
Family room: 6.8 x 3.9 meters

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

Features

Appliances: Oven - Built-In
Flooring: Hardwood, Ceramic
Foundation: Concrete
Exterior: Brick

Services

Water: Municipal water
Sewer: Sanitary sewer

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

19d

Markham (Unionville) listings, avg age

63d

Price / ft²

$850

List price

$1.49M

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 3-bed single family in Markham (Unionville) has been listed for 19 days, which is 44 days fresher than the city average of 63. Act while there is still low competition.

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Listed by BAY STREET GROUP INC. · SERENA HAN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (L3R)

This home lists at $1,488,000, about 16.0× the local median household income of $93,000.

Carrying it typically needs a household income of about $290,658 (20% down, 25-yr amortization, stress-tested) — roughly 213% above the area median.

Median household income: $93,000
Population: 62,060
Median age: 46.4
Owner / renter: 83% / 17%
Avg. household size: 2.9

Source: Statistics Canada, 2021 Census (FSA L3R)

$1,488,000· $850/ft²

For sale

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Full Cost Breakdown

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Down Payment8.32% · $123,800.00

Min 8.32%50%

Mortgage payment$7,563/mo

↳ CMHC premium ($54,568 capitalized)

Property tax (est.)$779/mo

Total monthly$8,343

Cash Needed to Close

Down payment (8.32%)$123,800

Land transfer tax$26,235

Est. closing costs$6,964

Total cash needed$156,999

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