118 Henderson Avenue, Markham

Price: $1,100,000

5 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: N13643954

Well-Maintained Family Home In The Sought-After Thornhill Community, Offering 1,727 Sq. Ft. As Per MPAC. Spacious And Functional Layout Featuring Bright Living And Dining Areas, Cozy Family Room And Rec Room With Brick Wood-Burning Fireplaces. Large Private Backyard, Perfect For Family Enjoyment And Entertaining. Separate Entrance Through Garage To Lower-Level In-Law Suite With Second Kitchen. Primary Bedroom With 4-Pc Ensuite. Upgraded Laminate Flooring In Lower-Level Rooms. Upgraded Roof And Insulation (2023). Close To Parks, Shopping And Public Transit. Located In A Top-Ranking School Zone, Including Thornhill Secondary School (Ranked 65/747) And St. Robert Catholic High School (Ranked #1/747).

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$1,100,000 - 118 Henderson Avenue, Markham

Detached for Sale in Markham

Neighbourhood: Thornhill

5Beds
4Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
N13643954
Property Type
Detached
Status
active
Days on Site
17
Bedrooms
5
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Markham
Listing Brokerage
RE/MAX REALTRON WENDY ZHENG REALTY
Description

Well-Maintained Family Home In The Sought-After Thornhill Community, Offering 1,727 Sq. Ft. As Per MPAC. Spacious And Functional Layout Featuring Bright Living And Dining Areas, Cozy Family Room And Rec Room With Brick Wood-Burning Fireplaces. Large Private Backyard, Perfect For Family Enjoyment And Entertaining. Separate Entrance Through Garage To Lower-Level In-Law Suite With Second Kitchen. Primary Bedroom With 4-Pc Ensuite. Upgraded Laminate Flooring In Lower-Level Rooms. Upgraded Roof And Insulation (2023). Close To Parks, Shopping And Public Transit. Located In A Top-Ranking School Zone, Including Thornhill Secondary School (Ranked 65/747) And St. Robert Catholic High School (Ranked #1/747).

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$4,865.67/mo

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5%20%50%

5-yr fixed avg.

Principal: $880,000Interest: $579,701
Mortgage Amount$880,000
Total Interest$579,701
Est. Property Tax$779/mo
Total Cost$1,459,701

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.

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Neighbourhood Guide: Thornhill

Discover Thornhill

Thornhill 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 Thornhill

  • Convenient location in Markham
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

Thornhill 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.

70
Walk Score
Varies
Price Range

118 Henderson Avenue, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,600/mo
Range: $3,060 - $4,140
Cap Rate (ROI)
2.8%
Fair

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$779
Insurance (est.)-$229
Net Cash Flow+$2,592

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $733/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 17 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 5 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 4 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.

About Thornhill

I know Thornhill well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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    118 Henderson Avenue, Markham | $1,100,000 | Battaglia Team