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2946 Elgin Mills Road E

Victoria Square, Markham

$2,188,000

Semi-Detached |3-Storey
4 | 6 | 4
About this home

Discover One Of Markham The Most Breathtaking Brand-New Luxury Residences Located In The Sought After Community Of Victoria Square. With $100k+ Upgraded Blending Modern Luxury With Timeless Elegance. This Spacious Home Boasts 4 Bedrooms With A Versatile Den Could Be Converted To 5 Bedrooms. This Home Offers Approx 3700 Sq Ft Of Finished Luxury Living Space Formal Living And Dining For Large Gatherings And Walk-Out To A Large Terrace. A Gourmet Kitchen At The Heart Of The Home Featuring Built-In Appliances, Custom Cabinetry And A Grand Island. "An Elevator" Accessing All 4 Levels For Convenience, Hardwood Floors And Pot lights Throughout, Security Alarm System And A Smart Thermostat. The Perfect Retreat For A Multi-Generational Family With A Finished Basement Including A Walk-Up Offering Potential For An In-Law Suite Or An Investment Property. LIVE COMFORTABLY ON THE UPPER LEVEL WHILE GENERATING INCOME FROM THE TWO LOWER FLOORS. A Large Master Bedroom With A Walk-Out To A Private Terrace. 4 Ensuite Baths In Each Bedroom And 2nd Floor Laundry That Enhances The Homes Functionality Even More. Only Minutes From Costco, Highway 404, Community Centre And Right Across The Victoria Park Square. This Home Is Steps Away From Top-Ranking Schools such as Sir Wilfrid Laurier PS, Pierre Elliott Trudeau HS (FI), And Richmond Green High School/Parks. GO Transit, Major Shopping Mall Costco, Home Depot ,Staple within 5 min driving. Live Upper Floor And Collect Rental Income From The Main Floor & The Basement With 4 Separate Entrance. (Elevator, Alarm System, Ev Charger, Smart Thermostat, Pot lights & Harwood Flooring Through The House)

Extras

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Contact BrokerHub Inc..

BrokerHub Inc.
(647) 254-1864
TypeSemi-Detached
Style3-Storey
Approx. AgeNew
Size3000-3500 sq. ft.
Property Tax$1
Lot Size33 ft x 99 ft
mls© NumberN12376156
Listed ByCENTRAL HOME REALTY INC.

Listing History

  • No recent sale history for this listing.
  • No recent lease history for this listing.

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Could you afford this home?

What the bank counts

This home's actual carrying costs, payment stress-tested at 6%

Mortgage, tested at 6%
$11,199
Property tax
$0
Heat allowance
$150
Housing costs
$11,349 / mo

Lenders cap these at 39% of gross income — that sets the number.

Down payment20% · $437,600
25-yr amortization

Income needed

$349,000

gross annual household income

Payment at 4%
$9,207 / mo
Cash down
$437,600

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

Estimated rent, cap rate and monthly cash flow for this property

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