8 Ridgevale Drive, Markham

Price: $2,999,900

5 bedrooms, 4 bathrooms

2,000 - 2,499 sqft

Property Type: Detached

MLS#: N13858940

Welcome to 8 Ridgevale Dr, Markham! A rare opportunity to own an exceptional 1+ acre property in the prestigious Box Grove community, backing onto the scenic Rouge River and surrounded by impressive multi-million-dollar estates.This spacious home features a stunning upgraded kitchen with a large quartz island and countertops, built-in KitchenAid gourmet appliances, Electrolux side-by-side refrigerator/freezer, warming drawer, built-in wine/drink cooler, and Faber range hood.Enjoy a wonderful combination of privacy, comfort, and outdoor living with a hot tub, inground pool, and security & surveillance system. With 3+2 bedrooms and 12 parking spaces, this property offers exceptional space and flexibility for families and future plans.Whether you choose to move in, renovate, or build your dream estate, this is a truly unique opportunity in one of Markham's desirable communities.

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active
New Listing

$2,999,900 - 8 Ridgevale Drive, Markham

Detached for Sale in Markham

New — Listed 4 days ago

Neighbourhood: Box Grove

5Beds
4Baths
2,000 - 2,499Sq Ft
Detached

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Property Details
MLS Number
N13858940
Property Type
Detached
Status
active
Days on Site
4
Bedrooms
5
Bathrooms
4
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Markham
Lot Size
1 sqft
Taxes (2026)
$10,791
Listing Brokerage
ROYAL LEPAGE IGNITE REALTY
Description

Welcome to 8 Ridgevale Dr, Markham! A rare opportunity to own an exceptional 1+ acre property in the prestigious Box Grove community, backing onto the scenic Rouge River and surrounded by impressive multi-million-dollar estates.This spacious home features a stunning upgraded kitchen with a large quartz island and countertops, built-in KitchenAid gourmet appliances, Electrolux side-by-side refrigerator/freezer, warming drawer, built-in wine/drink cooler, and Faber range hood.Enjoy a wonderful combination of privacy, comfort, and outdoor living with a hot tub, inground pool, and security & surveillance system. With 3+2 bedrooms and 12 parking spaces, this property offers exceptional space and flexibility for families and future plans.Whether you choose to move in, renovate, or build your dream estate, this is a truly unique opportunity in one of Markham's desirable communities.

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$13,269.57/mo

$
$
5%20%50%

5-yr fixed avg.

Principal: $2,399,920Interest: $1,580,951
Mortgage Amount$2,399,920
Total Interest$1,580,951
Est. Property Tax$2,125/mo
Total Cost$3,980,871

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: Box Grove

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

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

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.

70
Walk Score
Varies
Price Range

8 Ridgevale Drive, Markham

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,700/mo
Range: $3,145 - $4,255
Cap Rate (ROI)
0.4%
Below Average

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$2,125
Insurance (est.)-$625
Net Cash Flow+$950

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

Premium Pricing

At $1500/sqft, this property is priced above the Markham average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.

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.

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 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.

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    8 Ridgevale Drive, Markham | $2,999,900 | Battaglia Team