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$7,980,000
Markham
11584 Highway 48, Markham, Ontario, L3P3J3
This 7-bedroom, 9-bathroom home in Markham is for sale. It has been on the market 29 days, fresher than the Markham average of 65 days.
Rare Opportunity! This magnificent modern country estate situated on a prime over 8 acre parcel in Markham boasts 7,450 sq. ft. of ultra-luxurious living space featuring a grand foyer with soaring ceilings and a water feature, 7 spacious bedrooms (6 ensuites), 9 bathrooms, a main-level primary suite with a steam sauna, a main-floor gym, a climate-controlled wine cellar, a heated-floor sunroom, and a chef's kitchen setup with commercial grade appliances and luxury marble slabs. Designed for ultimate relaxation and entertainment, the property offers upper-level rooms with walk-out composite decks, a resort-style indoor saltwater spa pool (completed in 2023) with a Jacuzzi and dedicated bath, and a fully renovated detached barn complete with a bar, KTV lounge, bathroom, and upper loft. The beautifully landscaped grounds showcase a fountain garden, a kids' outdoor playground, and a free-standing 8-car garage with 2 EV chargers alongside parking for 50+ vehicles, all supported by fully owned mechanical systems including a 400 Amp panel, backup generator, well filtration, septic, and propane tanks. Rural privacy in north Markham with the city within easy reach: quick access to Highways 404 & 407, approximately 35 minutes to downtown Toronto, and close to York Region's top-ranked schools, golf clubs, and the shops and dining of Markham and Stouffville. This prime location offers rural tranquility with exceptional future development and investment opportunity. A landmark property for discerning buyers and strategic investors alike! (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 29 days on market, against an average age of 65 days across the listings currently for sale in this city
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.
This 7-bed single family in Markham has been listed for 29 days, which is 36 days fresher than the city average of 65. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $7,980,000, about 69.4× the local median household income of $115,000.
Carrying it typically needs a household income of about $1,558,773 (20% down, 25-yr amortization, stress-tested) — roughly 1255% above the area median.
Source: Statistics Canada, 2021 Census (FSA L3P)
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Loading rates, 30-yr amortization
Cash Needed to Close
Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice
Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.