$5,490,000 - 51 Steele Valley Road, Markham
Detached for Sale in Markham
34 days on marketNeighbourhood: Grandview
- MLS Number
- N13231694
- Property Type
- Detached
- Status
- active
- Days on Site
- 34
- Bedrooms
- 7
- Bathrooms
- 8
- Square Feet
- 5,000+ sqft
- Neighbourhood
- Markham
- Lot Size
- 52,517 sqft
- Listing Brokerage
- MARKHAM CENTRE REALTY INC.
Rare find 52,517.07 ft (1.206 ac) ravine lot * H-U-G-E 100' frontage * Custom-built 1-of-A-Kind stately mansion in prime Bayview/Steeles million$ enclave * Breath-taking 4-season ravine view right in your backyard * ~10,000 sf total living space (incl fin W/O bsmt) *Sun-filled home with south exposure * Total 7 BR, 5 on 2/F (2 ens, 2 semi-ens), 2 in bsmt * 8 WR * Private elevator on all 3 levels * 10'10' Ceiling (M/F) *3-car attached garage *Circular driveway with 10 parking spaces .... All in one: Entertainer's dream home + Gardener's delight + Naturalist's paradise * Stunning Edward's Garden-like garden with matured trees and green settings *Lush green private backyard with trees, flowers, stream running through the backyard, bridge, gazebo, child's play area -- absolutely picture-perfect setting for weddings, parties, special occasions *Grand 2-storey foyer with super dramatic double staircase *Huge chef's dream kit with centre island, greenhouse-like breakfast area *Grand LR, DR, FAM *Huge Library w/4-pc can be 8th BR *Finished Walk-Out basement with: 2BR, 2 baths (for guest or nanny), glass-blocked spa area with sauna & whirlpool, separate toilet/shower, kitchen, cedar closet *Basement can be self-contained unit with separate entrance for parents/newly weds/teens in a multi-generation family *2 separate stairs to basement + service entrance * 2 furnaces * Original owner since 1995 *House situated at the most vintage point on child-safe Cul-de-sac/Court, no side walk on street * Prestigious & secluded street only with multi-million$ estate lots, no semi/TH *No towering condos to the north for about 6 blocks (till Hwy 7) *Mins to Hwy 404/401/7 *Be sure to watch the drone video - absolutely breathtaking!
Estimate your monthly payments for this property
Estimated Payment
$24,284.12/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 Grandview
Grandview 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 Grandview
- •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
Grandview 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.
51 Steele Valley Road, 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 $1098/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 34 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 8 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.