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Listed 4 months ago

10729 Victoria Square Boulevard

Victoria Square, Markham

$2,200,000

Detached|2-Storey
5 | 3 | 5
About this home

Rare opportunity to acquire a heritage-designated property in Markham's historic Victoria Square community with significant lot value and future upside. The property is the subject of a previously approved consent application, subject to conditions, to create two residential parcels: one proposed lot of approximately 23.38 m frontage and 1,109 m, and one retained lot of approximately 23.39 m frontage and 1,094.8 m.This is a unique offering for buyers, investors, or builders seeking a character property with planning momentum already established. The existing home is a designated heritage property, adding architectural character and historical significance that is increasingly rare in Markham. The area has also been identified for municipal infrastructure improvements and service upgrades, supporting the long-term appeal of the location.Property is being sold in as-is, where-is condition. Buyers and buyers' agents must complete their own due diligence regarding severance conditions, heritage approvals, municipal servicing, permits, zoning, redevelopment potential, and all future intended uses.

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BrokerHub Inc.
(647) 254-1864
TypeDetached
Style2-Storey
Approx. AgeNot available
Size3500-5000 sq. ft.
Property Tax$5,847
Lot Size46.76 metres x 47.81 metres
mls© NumberN13021898
Listed ByHOMELIFE NEW WORLD REALTY INC.

Listing History

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  • No recent lease history for this listing.

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What the bank counts

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

Mortgage, tested at 6%
$11,261
Property tax
$487
Heat allowance
$150
Housing costs
$11,898 / mo

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

Down payment20% · $440,000
25-yr amortization

Income needed

$366,000

gross annual household income

Payment at 4%
$9,258 / mo
Cash down
$440,000

Assumes no other monthly debts · 25-yr amortization

Full affordability check

Investment Analysis

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