$2,395,000 - 42 Peter Street, Markham
Detached for Sale in Markham
Popular ListingNeighbourhood: Old Markham Village
- MLS Number
- N13471320
- Property Type
- Detached
- Status
- active
- Days on Site
- 8
- Bedrooms
- 5
- Bathrooms
- 5
- Square Feet
- 3,000 - 3,499 sqft
- Neighbourhood
- Markham
- Lot Size
- 8,396 sqft
- Listing Brokerage
- RE/MAX METROPOLIS REALTY
A Victorian-inspired exterior, luxurious modern-contemporary interior in Old Markham Village. fully renovated (2022-2023), and Designed by Iman, known for timeless, elevated interiors. Features incl soaring high ceilings, cathedral ceilings in the primary suite and library, new oak hardwood floors, custom millwork, pot lights, and elegant fixtures throughout. Chefs kitchen(2022) includes premium JennAir appliances (gas range, built-in fridge, dishwasher), waterfall island, and hidden pull-out cabinetry. Living room, elegant lighting, is perfect for entertaining. Family room offers custom arched built-ins and a sleek porcelain gas fireplace for relaxed gatherings. Primary retreat boasts a cathedral ceiling, bay window, custom walk-in closet, and French doors leading to a spa-inspired 5-piece ensuite. Library features a soaring cathedral ceiling, flooding natural light, and custom arched bookcases, creating a serene environment for work or reflection. 2nd floor incl 4 spacious bedrooms with custom feature walls and 3 beautifully appointed bathrooms. Finished basement has a separate entrance. It also offers a cozy rec room centered around a porcelain gas fireplace, dining area, 1 bedroom, gym, with wet bar ,wine rack, laundry, and ample storage. The property features a long driveway, private backyard with a large deck, and detached 2 car garage , EV charger. Tankless water heater(owned) and railing at the front porch will be replaced (outside the house) and storm door for the front door will be installed and 5-min walk to Markham GO Station, 40-min commute to Union Station, walking distance to Main Street shops, restaurants, parks, top-ranking schools. Min to 407.
Estimate your monthly payments for this property
Estimated Payment
$10,593.89/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 Old Markham Village
Old Markham Village 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 Old Markham Village
- •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
Old Markham Village 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.
42 Peter Street, Markham
Open in Google MapsUse the map controls to zoom, pan, and switch between map and satellite views. Drag to explore the neighbourhood.
Rental income estimator & ROI calculator
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 $798/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.
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 5 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 Old Markham Village
I know Old Markham Village 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.