10729 Victoria Square Boulevard, Markham, ON
Victoria Square, Markham · MLS® N13021898
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.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13021898
- Bedrooms
- 7 (5 + 2)
- Bathrooms
- 3 (1 half)
- Size
- 3500-5000
- Lot
- 46.76 × 47.81 ft
- Cross streets
- Woodbine/Elgin Mills
- Parking
- 1 garage · 5 parking (detached)
- Driveway
- Private
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- None
- Exterior
- Board & Batten
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $5,847 / 2025
- Days on market
- 88
- Listing brokerage
- HOMELIFE NEW WORLD REALTY INC.
Rooms
Hardwood Floor
Double Closet
breakfast area · breakfast bar
Double Closet
hardwood floor · brick fireplace
Double Closet
Double Closet
w/o to deck · overlooks dining
w/o to balcony · french doors
Listed at $2,200,000, this home is tracking about 15% below a wider set of listings, though close matches were thin, so it is worth confirming with a precise CMA rather than reading it as a clear deal. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 8 similar homes nearby, adjusted for size, beds, and baths.Median of 8 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.28M, lower than the comparables and worth a second look.
How I got there
Here is the exact math behind the estimate. I start from the closest comparable listing and adjust for the real differences (size, beds, baths) to land on a like-for-like value for this home.
- Closest comparable, listed at $1.98M
- Bedrooms +$90K
- Bathrooms −$30K
- Adjusts to $2.04M
That comparable adjusts to $2.04M; the $2.60M estimate above is the median of all 8 comparables, which is steadier than any single home.This uses comparable active listings, not sold prices. Lot, condition, and finishes are my in-person call, and I can run a full CMA with recent solds.
On schools, this address is zoned for Lincoln Alexander PS, one of the higher-rated public schools in the area. A strong catchment tends to hold value and widen your resale pool, especially with family buyers.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Elgin Mills Rd / Victoria Square Blvd is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $2.60M, median of 8 comparables.
What the listing highlightsThese are claims from the listing. The only way to know for sure is to see it in person, and I am happy to book you a private showing.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 20% below the area average of $651/sqft.
84 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Victoria Square, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
WalkableA walkability read built from the amenities around this home: how close the nearest transit stop is, and how many grocery, dining, park, and pharmacy destinations fall within a 15-minute walk. It is a guide, not a guarantee. Places data from Google.
Many errands can be done on foot; a car still helps.
🚉 Nearest transit: Elgin Mills Rd / Victoria Square Blvd, about 133 m away
Within a 15-minute (1.5 km) walk.
How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.
Typical asking price of active listings of the same type, per area (outliers removed). Markham.
Get the full neighbourhood report (schools, parks, transit & safety) →
The public and Catholic schools this address is zoned for, with EQAO results (the share of students meeting Ontario's provincial standard).
School attendance boundaries and EQAO results are Ontario government data and can change. Confirm the current catchment with the school board before relying on it.
Affordability & Mortgage
Income needed assumes a ~32% GDS ratio; weekly is mortgage principal & interest only. Price ÷ income is the home price over the income needed. Fixed reference assumptions so listings compare on equal footing, not a lending decision.
Calculate and customize your mortgage and other expenses
Adjust the down payment, rate, and amortization, and add property tax, condo fees, and heating to see your true monthly cost.
Your numbers
Homes over $1.5M can't be insured, so 20% down or more is required.
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 17, 2026); conventional rates run a little higher.
Mortgage amount $1,760,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,392
- Property tax
- $487
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,879
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $41,475
- Estimated closing costs
- $41,475
Plus your down payment of $440,000. Legal fees, title insurance, and adjustments are extra and vary by deal.
Mortgage stress test
Lenders qualify you at the greater of your rate plus 2% or 5.25%. You do not pay this rate. It just shows you could still handle payments if rates rose, so aim to stay comfortable at this higher number.
Over the full 25 years
At the end of your 5-year term
- Total paid over the term
- $563,521
- Principal paid down
- $224,136
- Interest paid
- $339,384
- Balance remaining
- $1,535,864
Talk to Team Asgarian about your options
Rates and programs change often. We will connect you with a trusted mortgage professional and build a plan that fits your budget and goals.
Estimates only, not a mortgage quote or pre-approval. Figures use Canadian semi-annual compounding, current minimum down-payment rules, CMHC premium tiers, and Ontario (plus Toronto, when selected) land transfer tax. Actual rates, taxes, insurance, and closing costs vary by lender and property. Confirm every number with your mortgage professional.
Investor snapshot
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates only. Rent is modelled on above-grade size and local norms, so a finished basement or second suite (a separate entrance often means one) can push real rent well above this. Taxes, fees, and vacancy vary by property, and cap rate is before financing. A starting point, not a final number, let us run the real ones with you.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.