198 Romfield Circuit, Markham

Price: $1,698,000

5 bedrooms, 4 bathrooms

1,500 - 1,999 sqft

Property Type: Detached

MLS#: N12834852

Turn-Key Luxury in Prestigious Royal Orchard! Welcome to this impeccably renovated 4+1 bedroom, 4-bathroom family residence on a mature, tree-lined street. Thoughtfully designed for modern living, the main floor boasts a chef-inspired kitchen with Caesarstone countertops, premium 2024 appliances, and an oversized sun-filled family room with a cozy wood-burning fireplace and walkout. Upstairs features a private primary retreat complete with a walk-in closet, ensuite, and a balcony overlooking your south-facing backyard oasis-featuring a sparkling inground pool and expansive deck. The fully finished lower level offers an expansive recreation space, spa-bath, and in-law suite potential. Meticulously maintained with top-tier upgrades: Driveway & Appliances (2024), Garage Door (2023), Pool Liner & Deck (2022). Parking for 6, no sidewalk to shovel, and steps to top-rated schools (Thornlea SS), transit, and highways. Show and sell with confidence!close to shopping, transit, parks, and highways, this move-in ready home delivers refined comfort and exceptional value in one of Thornhill's most sought-after communities.

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$1,698,000 - 198 Romfield Circuit, Markham

Detached for Sale in Markham

126 days on market

Neighbourhood: Royal Orchard

5Beds
4Baths
1,500 - 1,999Sq Ft
Detached
Property Details
MLS Number
N12834852
Property Type
Detached
Status
active
Days on Site
126
Bedrooms
5
Bathrooms
4
Square Feet
1,500 - 1,999 sqft
Neighbourhood
Markham
Listing Brokerage
ROYAL LEPAGE REAL ESTATE SERVICES LTD.
Description

Turn-Key Luxury in Prestigious Royal Orchard! Welcome to this impeccably renovated 4+1 bedroom, 4-bathroom family residence on a mature, tree-lined street. Thoughtfully designed for modern living, the main floor boasts a chef-inspired kitchen with Caesarstone countertops, premium 2024 appliances, and an oversized sun-filled family room with a cozy wood-burning fireplace and walkout. Upstairs features a private primary retreat complete with a walk-in closet, ensuite, and a balcony overlooking your south-facing backyard oasis-featuring a sparkling inground pool and expansive deck. The fully finished lower level offers an expansive recreation space, spa-bath, and in-law suite potential. Meticulously maintained with top-tier upgrades: Driveway & Appliances (2024), Garage Door (2023), Pool Liner & Deck (2022). Parking for 6, no sidewalk to shovel, and steps to top-rated schools (Thornlea SS), transit, and highways. Show and sell with confidence!close to shopping, transit, parks, and highways, this move-in ready home delivers refined comfort and exceptional value in one of Thornhill's most sought-after communities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$7,510.83/mo

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5-yr fixed avg.

Principal: $1,358,400Interest: $894,848
Mortgage Amount$1,358,400
Total Interest$894,848
Est. Property Tax$1,203/mo
Total Cost$2,253,248

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: Royal Orchard

Discover Royal Orchard

Royal Orchard 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 Royal Orchard

  • 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

Royal Orchard 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

198 Romfield Circuit, 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)
1.4%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,600
Maintenance Fees-$0
Property Tax (est.)-$1,203
Insurance (est.)-$354
Net Cash Flow+$2,043

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

Fair Market Value

At $1132/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.

Negotiation Opportunity

At 126 days on site, this property has exceeded the typical selling timeline for Markham. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.

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 Royal Orchard

I know Royal Orchard 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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    198 Romfield Circuit, Markham | $1,698,000 | Battaglia Team