$1,750/mo - 16 Terrance Drive Unit Basement, Markham
Detached for Rent in Markham
Neighbourhood: Box Grove
- MLS Number
- N13642264
- Property Type
- Detached
- Status
- active
- Days on Site
- 18
- Bedrooms
- 2
- Bathrooms
- 1
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Markham
- Lot Size
- 509 sqft
- Listing Brokerage
- REVEL Realty Inc.
Spacious 2-Bedroom Basement Apartment in Prime Box Grove, Markham! Welcome to this beautifully maintained 2-bedroom, 1-bathroom basement unit located in the highly sought-after Box Grove community of Markham. This bright and spacious unit features a private separate entrance, offering complete privacy and comfort.Enjoy the convenience of a dedicated kitchen, open-concept living room, and a separate dining area perfect for day-to-day living and entertaining. The unit includes in-suite laundry, adding to your comfort and convenience. Both bedrooms are generously sized with ample closet space and large windows throughout, and the modern 3-piece bathroom is clean and well-maintained. Located in a quiet and family-friendly neighbourhood, this home offers easy access to Hwy 407, Hospitals, schools, shopping centers, parks, and public transit.
Discover Box Grove
Box Grove 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 Box Grove
- •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
Box Grove 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 Terrance Drive Unit Basement, Markham
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How this lease stacks up against the local rental market
Estimated Monthly Budget
Things to Confirm Before Signing
· Are utilities included, or separate?
· How many parking spots are included?
· Is the landlord open to a 1-year or 2-year lease?
· Are pets and small renovations (paint, hooks) allowed?
· When was the last rent increase, if there is a prior tenant?
Utility estimates are approximate and vary by season, habits, and what the landlord includes. Always confirm inclusions with the listing agent.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Rent
At $1,750/mo, this is priced below the typical 2-bedroom rent of ~$2,900/mo in Markham. Well-priced rentals move fast — worth acting on. That said, let's check what's driving the lower ask: landlord flexibility, lease term restrictions, or simply a motivated landlord.
Market Position
At 18 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.
About Box Grove
I know Box Grove 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.
Lease Terms to Negotiate
Don't just focus on the monthly rent — the lease terms matter just as much. I always advise my rental clients to clarify: what's included (parking, storage, utilities), the lease length options, the landlord's policy on renewals, and whether small personalizations like painting are permitted. These details can make or break your experience over 12–24 months.