$4,280,000 - 16 Rinas Avenue, Markham
Detached for Sale in Markham
Neighbourhood: Victoria Square
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- MLS Number
- N13810484
- Property Type
- Detached
- Status
- active
- Days on Site
- 16
- Bedrooms
- 7
- Bathrooms
- 7
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Markham
- Taxes (2026)
- $17,261
- Listing Brokerage
- RE/MAX REALTRON LUCKY PENNY HOMES REALTY
This exceptional family residence features a rare 3+1 tandem garage and is situated on an impressive approximately 72 X 274 ft lot, surrounded by parks, mature greenery and peaceful outdoor spaces. The impressive main floor features soaring 10ft ceilings, a library with wainscotting and French doors, an elegant dining room with a walkout to the deck, and a dramatic open-to-above living room with walkouts to the deck, side yard and overlooking the waterfall feature. The spacious chef's kitchen is equipped with built-in appliances, a gas cooktop, centre island and heated flooring, opening seamlessly to a bright breakfast area with a walkout to the backyard deck. The inviting family room features a coffered ceiling, gas fireplace and beautiful backyard views. The second floor offers five generously sized bedrooms and each room with ensuite and walkin closet. The luxurious primary suite features his-and-hers closets, tranquil backyard views and a spa-inspired 7-piece ensuite with heated flooring. The finished walk-up basement provides exceptional additional living space, complete with a large recreation room, kitchen, two bedrooms, a 3-piece bathroom, laundry room and spacious mirrored gym with direct access to the backyard. The spectacular backyard has been professionally landscaped. Beautiful stonework, a captivating water feature with two fountains( front & back), thoughtfully designed seating and entertaining areas, and a premium hot tub combine to deliver an exceptional resort-style experience at home. Located in an excellent school district with highly ranked elementary and secondary schools, including one of the area's top-ranked high schools. Enjoy outstanding convenience with easy access to highways, Costco, supermarkets, shopping, parks and everyday amenities. An outstanding home offering exceptional space, comfort, privacy and convenience in a highly desirable community.
Estimate your monthly payments for this property
Estimated Payment
$18,931.88/mo
5-yr fixed avg.
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.
Discover Victoria Square
Victoria Square 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 Victoria Square
- •Convenient location in Markham
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
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
Victoria Square 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.
16 Rinas Avenue, Markham
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Monthly Cash Flow Breakdown
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's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Fair Market Value
At $856/sqft, this property is priced in line with current Markham market conditions. The pricing suggests the seller has done their homework. We may have modest room for negotiation, typically 2-4% in today's market.
Market Position
At 16 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 5,000 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.
Excellent Flexibility
With 7 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 7 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.