16 Lepp Drive, Markham

Price: $1,368,000

6 bedrooms, 4 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: N13852526

Welcome to 16 Lepp Drive in Markham's sought-after Middlefield community! This three-year-old home features 9-foot ceilings, extensive upgrades throughout, and nearly 3,000 sq. ft. of living space. Enjoy a spacious, open-concept layout ideal for everyday living and entertaining, complemented by four generously sized bedrooms.The finished basement apartment offers a separate side entrance, two bedrooms, a full bathroom, its own laundry, and a kitchen, with potential rental income of up to $2,000 per month.Situated in a quiet neighbourhood, this home offers convenient access to restaurants, grocery stores, Costco, Home Depot, Markville Mall, Highway 407, and Aaniin Community Centre. An exceptional opportunity to enjoy space, comfort, and convenience in an established Markham community!

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active
New Listing
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$1,368,000 - 16 Lepp Drive, Markham

Detached for Sale in Markham

New — Listed 6 days ago

Neighbourhood: Middlefield

6Beds
4Baths
2,000 - 2,499Sq Ft
Detached

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Property Details
MLS Number
N13852526
Property Type
Detached
Status
active
Days on Site
6
Bedrooms
6
Bathrooms
4
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Markham
Taxes (2025)
$6,359
Listing Brokerage
SUPERSTARS REALTY LTD.
Description

Welcome to 16 Lepp Drive in Markham's sought-after Middlefield community! This three-year-old home features 9-foot ceilings, extensive upgrades throughout, and nearly 3,000 sq. ft. of living space. Enjoy a spacious, open-concept layout ideal for everyday living and entertaining, complemented by four generously sized bedrooms.The finished basement apartment offers a separate side entrance, two bedrooms, a full bathroom, its own laundry, and a kitchen, with potential rental income of up to $2,000 per month.Situated in a quiet neighbourhood, this home offers convenient access to restaurants, grocery stores, Costco, Home Depot, Markville Mall, Highway 407, and Aaniin Community Centre. An exceptional opportunity to enjoy space, comfort, and convenience in an established Markham community!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$6,051.13/mo

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5%20%50%

5-yr fixed avg.

Principal: $1,094,400Interest: $720,938
Mortgage Amount$1,094,400
Total Interest$720,938
Est. Property Tax$969/mo
Total Cost$1,815,338

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: Middlefield

Discover Middlefield

Middlefield 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 Middlefield

  • •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

Middlefield 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

16 Lepp Drive, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$4,100/mo
Range: $3,485 - $4,715
Cap Rate (ROI)
2.5%
Fair

Monthly Cash Flow Breakdown

Rental Income+$4,100
Maintenance Fees-$0
Property Tax (est.)-$969
Insurance (est.)-$285
Net Cash Flow+$2,846

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 $684/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Markham's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

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 6 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 Middlefield

I know Middlefield 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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    16 Lepp Drive, Markham | $1,368,000 | Battaglia Team