4914 14th Avenue, Markham, ON
Milliken Mills East, Markham · MLS® N13432184
About this home
Exceptional Redevelopment Opportunity in Markham Rare Premium Lot on 14th Ave! Whether you're a builder looking to create a new housing development or an investor seeking to capitalize on Markham's real estate market, this is the opportunity you've been waiting for. Offering a stunning 100-foot frontage by 284-foot depth, this flat, premium lot spans approximately 28,180 sqft (~0.65 acres) in one of the most sought-after corridors in the region. Surrounded by upscale neighbourhoods and estate homes, the possibilities here are endless, envision a grand custom luxury residence complete with a circular driveway, 3-car garage, indoor pool, and private backyard oasis, or explore multi-generational living and potential lot severance opportunities. For builders and developers, potential uses include a custom luxury build, multi-unit redevelopment, or lot severance (buyer to verify with municipality), with the purchase of the neighbouring lot. Ideally situated with easy access to major transportation routes, top-rated schools, shopping plazas, dining, transit, Markville Mall, and community centres, everything your future residents or tenants could ask for is minutes away. Opportunities of this caliber rarely come to market. Don't miss your chance to secure this one-of-a-kind asset.
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- N13432184
- Bedrooms
- 1
- Bathrooms
- 3 (1 half)
- Size
- 2000-2500
- Lot
- 100 × 283.97 ft
- Cross streets
- Mccowan & 14th
- Parking
- 2 garage · 8 parking (attached)
- Basement
- Unfinished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Property tax
- $8,788 / 2025
- Days on market
- 36
- Listing brokerage
- UNION CAPITAL REALTY
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairOn schools, this address is zoned for Randall 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. 14th Av / Tillie Sq is about a 2-minute walk away.
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.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Sold as-is / needs work: budget for renovation, the price should reflect the condition.
- Weigh carefully
- Value driver
- Worth verifying
32 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Milliken Mills East, 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: 14th Av / Tillie Sq, about 121 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 $1,999,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $10,673
- Property tax
- $732
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,405
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $48,975
- Estimated closing costs
- $48,975
Plus your down payment of $500,000. 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
- $640,364
- Principal paid down
- $254,700
- Interest paid
- $385,664
- Balance remaining
- $1,745,299
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
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 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 UNION CAPITAL REALTY. MLS®/PropTx.