127 Russell Jarvis Drive, Markham

Price: $1,525,000

4 bedrooms, 4 bathrooms

3,000 - 3,499 sqft

Property Type: Detached

MLS#: N13812570

Stunning 4 bedroom plus loft, 4 bathroom detached home in the desirable Legacy neighbourhood on a 36.27 x 116.77 ft lot. Approximately 3,100 sq. ft. of living space across three levels per floor plan, with extensive updates completed in 2024. The open concept main floor features 9 ft ceilings, hardwood floors, crown moulding and LED pot lights throughout, with popcorn ceilings removed for a clean, modern finish. California shutters throughout. The renovated kitchen showcases granite counters, maple cabinetry, and a centre island with a breakfast area and walkout to the deck, flowing into a family room with a gas fireplace. Swarovski chandeliers accent the main floor, kitchen and loft. All bathrooms are updated with granite countertops and LED pot lighting. The primary bedroom includes a 4 piece ensuite and walk-in closet. An expansive third level loft with hardwood flooring and its own 3 piece ensuite offers flexible space, ideal for a fifth bedroom, extended family or a private retreat. The full unfinished basement offers generous space for storage or future development. Furnace and air conditioner replaced in 2021, roof approximately 2021. Fenced and landscaped backyard with a deck featuring two aluminum gazebos and a 45 inch TV, perfect for entertaining. Attached 2 car garage. Close to parks, schools and a community centre, with quick access to Hwy 407 and Ninth Line. Two virtual tours available, including a 3D Matterport walkthrough. Buyer and buyer's agent to verify all measurements, taxes, and any information deemed important.

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active

$1,525,000 - 127 Russell Jarvis Drive, Markham

Detached for Sale in Markham

Neighbourhood: Legacy

4Beds
4Baths
3,000 - 3,499Sq Ft
Detached

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Property Details
MLS Number
N13812570
Property Type
Detached
Status
active
Days on Site
15
Bedrooms
4
Bathrooms
4
Square Feet
3,000 - 3,499 sqft
Neighbourhood
Markham
Taxes (2026)
$6,360
Listing Brokerage
RE/MAX REALTY SERVICES INC.
Description

Stunning 4 bedroom plus loft, 4 bathroom detached home in the desirable Legacy neighbourhood on a 36.27 x 116.77 ft lot. Approximately 3,100 sq. ft. of living space across three levels per floor plan, with extensive updates completed in 2024. The open concept main floor features 9 ft ceilings, hardwood floors, crown moulding and LED pot lights throughout, with popcorn ceilings removed for a clean, modern finish. California shutters throughout. The renovated kitchen showcases granite counters, maple cabinetry, and a centre island with a breakfast area and walkout to the deck, flowing into a family room with a gas fireplace. Swarovski chandeliers accent the main floor, kitchen and loft. All bathrooms are updated with granite countertops and LED pot lighting. The primary bedroom includes a 4 piece ensuite and walk-in closet. An expansive third level loft with hardwood flooring and its own 3 piece ensuite offers flexible space, ideal for a fifth bedroom, extended family or a private retreat. The full unfinished basement offers generous space for storage or future development. Furnace and air conditioner replaced in 2021, roof approximately 2021. Fenced and landscaped backyard with a deck featuring two aluminum gazebos and a 45 inch TV, perfect for entertaining. Attached 2 car garage. Close to parks, schools and a community centre, with quick access to Hwy 407 and Ninth Line. Two virtual tours available, including a 3D Matterport walkthrough. Buyer and buyer's agent to verify all measurements, taxes, and any information deemed important.

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Estimated Payment

$6,745.59/mo

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5-yr fixed avg.

Principal: $1,220,000Interest: $803,677
Mortgage Amount$1,220,000
Total Interest$803,677
Est. Property Tax$1,080/mo
Total Cost$2,023,677

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: Legacy

Discover Legacy

Legacy 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 Legacy

  • •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

Legacy 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

127 Russell Jarvis Drive, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,800/mo
Range: $3,230 - $4,370
Cap Rate (ROI)
1.9%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,800
Maintenance Fees-$0
Property Tax (est.)-$1,080
Insurance (est.)-$318
Net Cash Flow+$2,402

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 $508/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 15 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.

Larger Home Realities

At 3,000 sqft, this is a substantial home. Budget approximately $400-600/month more for utilities compared to an average-sized home. Maintenance costs scale with size too - roof, HVAC, and cleaning all cost more. That said, space is a luxury that's hard to add later, and larger homes often have better resale in family-oriented neighbourhoods.

Family-Friendly Layout

4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Markham. Good resale value as demand remains consistent.

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.

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    127 Russell Jarvis Drive, Markham | $1,525,000 | Battaglia Team