$1,499,000 - 41 Elgin Street, Markham
Detached for Sale in Markham
New — Listed 3 days agoNeighbourhood: Thornhill
- MLS Number
- N13625216
- Property Type
- Detached
- Status
- active
- Days on Site
- 3
- Bedrooms
- 5
- Bathrooms
- 4
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- SOLTANIAN REAL ESTATE INC.
Attention Builders, Investors & Visionary Homeowners! Rare Opportunity at 41 Elgin Street.An extraordinary and rarely offered opportunity awaits on one of the area's most impressive properties. This exceptional lot measuring approximately 55 ft. x 469 ft. of depth presents endless possibilities for those seeking a unique investment, development opportunity, or private estate setting.Renovate the existing residence and enjoy resort-style living with a stunning backyard retreat, exceptional privacy, and the unmatched tranquility of this extraordinary deep lot - or take advantage of the opportunity to tear down and build the custom dream home you have always envisioned.Permit-ready and ideal for builders, investors, and discerning homeowners, this remarkable property offers the perfect canvas for a signature residence. Imagine creating a spectacular custom home featuring expansive living spaces, luxury finishes, a stunning outdoor oasis, and a backyard experience rarely found in the city.Located in a highly desirable and established neighborhood, 41 Elgin Street combines convenience, privacy, and future potential. The impressive lot depth provides endless opportunities for outdoor living, entertaining, gardens, recreation, and creating a true family sanctuary.Whether you are a builder searching for your next showcase project, an investor looking for a premium opportunity, or a homeowner ready to enjoy a private retreat today while planning your future vision, this property delivers exceptional possibilities.Surrounded by top-rated schools, parks, shopping, restaurants, transit, and major amenities, this location offers the perfect balance of lifestyle and convenience.Opportunities to own a lot of this size and character are exceptionally rare. Live in it. Love it. Renovate it. Expand it. Or build the home you have always dreamed of.41 Elgin Street is more than a property - it is a chance to create your legacy. Truly a rare Gem.
Estimate your monthly payments for this property
Estimated Payment
$6,630.58/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 Thornhill
Thornhill 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 Thornhill
- •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
Thornhill 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.
41 Elgin Street, 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
Competitive Pricing
At $500/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.
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.
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.