40 Outlook Terrace Drive, Markham, ON
Greensborough, Markham · MLS® N13431504
About this home
Welcome home to this warm and inviting sun-filled residence, perfectly nestled in the heart of the highly desirable Greensborough community. Thoughtfully designed for comfortable family living, this beautifully upgraded 3-bedroom home offers a seamless blend of charm, functionality, and modern style. The inviting living space, anchored by a cozy fireplace, is filled with warmth and character-creating the perfect setting for intimate gatherings, family movie nights, or simply unwinding after a long day. Every corner of this home exudes comfort, making it a true sanctuary you'll look forward to coming home to.The beautifully designed open-concept kitchen flows seamlessly into the sun-drenched family room, where large windows frame picturesque backyard views. Whether you're preparing family meals, hosting guests, or enjoying your morning coffee, this space effortlessly brings everyone together. Step outside and discover your own private backyard sanctuary. Professionally landscaped with elegant interlock stonework. It's the perfect place to enjoy morning coffee, summer barbecues, or unwind beneath the stars after a long day. Lovingly maintained and extensively upgraded, this home also offers a brand new appliances, newer roof and AC(2020), updated windows and doors, double insulation for added comfort and efficiency, stylish pot lights, smooth ceiling and many more. Ideally located just steps from beautiful parks, scenic ravine trails, top-ranked schools, and convenient transit, this is more than just a house-it's a place where lasting memories are made and cherished for years to come.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13431504
- Bedrooms
- 3
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000
- Lot
- 30.05 × 88.66 ft
- Cross streets
- 9th Line/Bur Oak Ave
- Parking
- 1 garage · 3 parking (attached)
- Driveway
- Private
- Basement
- Unfinished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,308 / 2026
- Days on market
- 37
- Listing brokerage
- RE/MAX EXCEL REALTY LTD.
Rooms
closet · large window · broadloom
hardwood floor · fireplace · pot lights
hardwood floor · w/o to garden · window
hardwood floor · pot lights · combined w/dining
hardwood floor · granite counters · stainless steel appl
walk-in closet(s) · 4 pc ensuite · large window
closet · large window · broadloom
Listed at $1,130,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.01M, a close match.
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 $990K
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $945K
That comparable adjusts to $945K; the $959K estimate above is the median of all 7 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 Greensborough 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. Ninth Line / Victoria Wood Av is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $959K, median of 7 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.
- Ravine lot: privacy and premium value, but confirm the buildable area and any conservation limits.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Open-concept layout: modern, sought-after flow.
- Worth verifying
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 6 active listings nearby.
See all comparable homesThis home lists 4% above the area average of $620/sqft.
33 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Greensborough, 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: Ninth Line / Victoria Wood Av, about 84 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
Conventional (20%+ down). Best insured 5-year fixed 3.99% via Ratehub.ca (as of July 18, 2026); conventional rates run a little higher.
Mortgage amount $904,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,824
- Property tax
- $359
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $5,183
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $19,075
- Estimated closing costs
- $19,075
Plus your down payment of $226,000. 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
- $289,445
- Principal paid down
- $115,125
- Interest paid
- $174,320
- Balance remaining
- $788,875
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 RE/MAX EXCEL REALTY LTD.. MLS®/PropTx.