23 Southdale Drive, Markham, ON

Bullock, Markham · MLS® N13417114

$1,450,000
For Sale
Listed 133 days agoNo offer date statedSitting longer than typical
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3+2Bedrooms
4Bathrooms
2Garage · 6 parking
1500-2000Sq ft

About this home

In short

  • Welcome to this beautifully updated home in one of Markham's most desirable mature neighbourhoods.
  • Designed for modern living, the home boasts wide plank engineered hardwood flooring across the top two levels, and water-resistant vinyl flooring on the lower two levels.
  • The chef-inspired kitchen includes a quartz countertop and backsplash, smart appliances, a 36" gas cooktop, wall ovens, and a 48" fridge/freezer combo-perfect for...
  • With a separate entrance to the lower two levels, the property is move-in ready and easily converted into a private rental suite, providing an excellent opportunity...

Welcome to this beautifully updated home in one of Markham's most desirable mature neighbourhoods. Ideally situated near Milne Dam Park, Markville Mall, Foodymart Supermarket, and many restaurants, this property offers both convenience and tranquility. Designed for modern living, the home boasts wide plank engineered hardwood flooring across the top two levels, and water-resistant vinyl flooring on the lower two levels. The bathrooms feature accent lighting and smart toilets, while feature walls add a designer touch throughout. The chef-inspired kitchen includes a quartz countertop and backsplash, smart appliances, a 36" gas cooktop, wall ovens, and a 48" fridge/freezer combo-perfect for entertaining and everyday family living. With a separate entrance to the lower two levels, the property is move-in ready and easily converted into a private rental suite, providing an excellent opportunity for extra income or multi-generational living.

Key facts

Property type
Detached, Backsplit 4
MLS®
N13417114
Bedrooms
3+2 (5 total)
Bathrooms
4
Size
1500-2000 sq ft
Lot
81.93 × 124.02 ft
Cross streets
Hwy 7 / Mccowan Rd
Parking
2 garage · 6 parking (attached)
Driveway
Private Double
Basement
Finished, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Heat Pump
A/C
Central Air
Exterior
Brick, Vinyl Siding
Foundation
Concrete Block
Roof
Shingles
Sewer
Sewer
Property tax
$5,692 / 2025
Days on market
133
Listing brokerage
HOMELIFE BROADWAY REALTY INC.

Rooms

Dining RoomLower3.42 × 2.31 m

Vinyl Floor

Living RoomMain5.14 × 3.53 m

hardwood floor · large window · open concept

KitchenLower3.42 × 2.74 m

vinyl floor · stainless steel appl

KitchenMain4.28 × 2.95 m

hardwood floor · b/i oven · backsplash

Dining RoomMain4.47 × 3.02 m

hardwood floor · w/o to patio

Bedroom 4Basement2.84 × 2.82 m

Vinyl Floor

Bedroom 5Basement3.26 × 2.69 m

Vinyl Floor

Family RoomLower6.68 × 3.75 m

vinyl floor · electric fireplace

Bedroom 3Upper3.12 × 2.92 m

hardwood floor · large window

Bedroom 2Upper3.24 × 2.97 m

hardwood floor · large window

Primary BedroomUpper3.99 × 3.55 m

large window · closet organizers · 3 pc ensuite

RecreationBasement3.44 × 3.23 m

Vinyl Floor

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.

Considering this property? Request a written price read

Neighbourhood & location

Bullock, Markham, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Raymerville
$1.68M
Markham Village
$1.37M
Sherwood-Amberglen
$1.18M
Wismer
$1.53M
Milliken Mills East
$1.49M

Typical asking price of active listings of the same type, per area (outliers removed). Markham.

Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$6,609/mo
$269KIncome needed
5.4×Price ÷ income
$1,525Weekly cost
$25,475Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

93%mortgage
Mortgage $6,609Property tax $474Total carry $7,083

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

$
20.0%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$6,414per month

Mortgage amount $1,160,000 · 4.49% over 25 years

$290,000Down payment (20.0%)
$1,160,000Loan before insurance
$0CMHC premium
$6,888Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,414
Property tax
$474
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,888

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$25,475
Estimated closing costs
$25,475

Plus your down payment of $290,000. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$7,763/monthPayment at the qualifying rate

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

$764,152Total interest paid
$1,924,152Total of all payments
Principal $1,160,000 Interest $764,152
YearPrincipalInterestBalance
1$25,886$51,080$1,134,114
2$27,062$49,904$1,107,052
3$28,290$48,676$1,078,762
4$29,575$47,391$1,049,187
5$30,918$46,048$1,018,269
6$32,321$44,645$985,948
7$33,789$43,177$952,159
8$35,323$41,643$916,836
9$36,927$40,039$879,909
10$38,604$38,363$841,306
11$40,356$36,610$800,949
12$42,189$34,777$758,761
13$44,104$32,862$714,657
14$46,107$30,859$668,550
15$48,200$28,766$620,350
16$50,389$26,578$569,961
17$52,676$24,290$517,285
18$55,068$21,898$462,217
19$57,568$19,398$404,649
20$60,182$16,784$344,466
21$62,915$14,051$281,552
22$65,771$11,195$215,780
23$68,758$8,208$147,023
24$71,879$5,087$75,143
25$75,143$1,823$0

At the end of your 5-year term

Total paid over the term
$384,830
Principal paid down
$141,731
Interest paid
$243,100
Balance remaining
$1,018,269

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.

Let's connect

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

Rental yield
Estimate$3,150/mo
$37,800Gross annual rent
1.8%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

2.6%
Gross yield
− Property tax $5,692− Insurance $1,400− Vacancy & upkeep $4,158Net operating income $26,550

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE BROADWAY REALTY INC.. MLS®/PropTx.

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