$3,580,000
For sale: Detached

Rare Future Development Opportunity in Prime Markham! Ideally situated in the heart of Markham's high-growth Secondary Plan area, this exceptional property features a wide frontage on Warden Ave with designated Future Development zoning (proposed Employment Land). Tremendous redevelopment potential for commercial, institutional, or mixed-use facilities (daycare, medical clinic, office/warehouse, etc., upon zoning approval). ***Outstanding holding property offering substantial rental income: features a spacious (~2,700 sq.ft.) bungalow boasting 4 bedrooms and 3 baths on the main floor (including 2 newly renovated ensuites), plus a fully finished basement apartment. Large solarium walk-out to deck, detached two-car garage with a small storage/office space at rear. Plenty of parking space. Fully fenced with gate. The adjacent property on the north side owned by York Region government and a new office building and storage facilities were newly built. A proposed large park will be just across the street. The sky's the limit! The best investment to beat the inflation.(Please note photos were enhanced by AI)
Sold data
Detached homes in Markham (Victoria Square) took a median of 19 days to sell over the last 90 days, with the quickest quarter selling within 9 days and the slowest quarter taking more than 38, across 368 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 37 days.
The median sale price was $1,438,000.
Homes sold for about 3.0% below asking on average, so there was room to negotiate.
About 33% of sales closed above the list price.
Around 9% of sellers reduced their price before finding a buyer.
Based on 368 recorded sales in the last 90 days. Aggregate statistics only; individual sale prices are not shown.
Schools
Markham (Victoria Square) has 95 Fraser Institute–rated schools (76 elementary and 19 secondary), averaging 7.9/10.
School ratings from the Fraser Institute's Ontario school report cards.
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