$1,359,000 - 8 Villa Ada Drive, Markham
Detached for Sale in Markham
New — Listed yesterdayNeighbourhood: Box Grove
- MLS Number
- N13603358
- Property Type
- Detached
- Status
- active
- Days on Site
- 1
- Bedrooms
- 4
- Bathrooms
- 7
- Square Feet
- 3,500 - 3,999 sqft
- Neighbourhood
- Markham
- Listing Brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Live & Work Opportunity * Nearly 4,000 Sq. Ft. * 3 Self-Contained Units * 2 Residential Suites + Commercial Space * Income Potential * Street Front Exposure* Exceptional live/work property offering nearly 4,000 sq. ft. of versatile space with three fully self-contained units, each with its own private entrance. Designed for flexibility, the property features two modern two-storey residential suites, each offering 2 bedrooms, 3 bathrooms, open-concept main floors, ensuite laundry, and private terraces accessed from both the living area and primary bedroom. The ground level is a bright, open-concept commercial space with impressive 12-foot ceilings, outstanding street-front exposure, and an accessible washroom, making it well suited for a wide variety of professional, retail, studio, or service-based uses. Whether you're an investor seeking multiple income streams, an entrepreneur looking to combine business and home, or an owner-operator wanting maximum flexibility, this property delivers exceptional value. Live in one residence, run your business from the commercial space, and generate rental income from the second residential suite, or lease all three units to maximize investment potential. A rare opportunity offering flexibility, functionality, and long-term income potential in one distinctive property.
Estimate your monthly payments for this property
Estimated Payment
$6,011.32/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 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
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.
8 Villa Ada Drive, 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 $388/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 3,500 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.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Markham. Good resale value as demand remains consistent.
Bathroom Count Matters
With 7 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.