61 Raymond Schell Avenue, Markham, ON
Victoria Manor-Jennings Gate, Markham · MLS® N13441778
About this home
Welcome to this newly constructed luxury detached residence in one of Unionville's most prestigious neighborhoods. Meticulously designed with thousands of dollars in premium upgrades, this exceptional home combines refined elegance, modern functionality, and elevated everyday living. The open-concept main floor features soaring ceilings, expansive windows, and abundant natural light, enhanced by hardwood floors throughout and porcelain tile finishes. The kitchen and foyer feature 24" x 24" porcelain tiles, while the master ensuite showcases 12" x 24" porcelain tiles, highlighting attention to detail and sophisticated design. The layout boasts a huge formal dining room and living room, perfect for entertaining, alongside a main-floor laundry for convenience. At the heart of the home is a chef-inspired gourmet kitchen featuring quartz countertops throughout, custom cabinetry, and an oversized island-perfect for entertaining, cooking, and daily living. The walkout basement provides versatile living space and seamless access to the outdoors. Conveniently located near top-rated schools, parks, supermarkets, upscale dining, and with easy access to major highways, this beautifully crafted home represents a rare opportunity to own a fully upgraded detached residence in a prime Unionville location.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13441778
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000
- Lot
- 43.95 × 90.2 ft
- Cross streets
- Stony Hill Blvd/ Victoria Square Blvd
- Parking
- 2 garage · 4 parking (built-in)
- Basement
- Full, Unfinished, Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Stone
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Days on market
- 34
- Listing brokerage
- ROYAL LEPAGE PREMIUM ONE REALTY
Rooms
hardwood floor · electric fireplace
porcelain floor · w/o to yard
hardwood floor · combined w/living
porcelain floor · quartz counter · centre island
hardwood floor · walk-in closet(s) · semi ensuite
hardwood floor · walk-in closet(s) · semi ensuite
hardwood floor · combined w/dining
hardwood floor · his and hers closets · 5 pc ensuite
Porcelain Floor
hardwood floor · walk-in closet(s) · 3 pc ensuite
Listed at $1,859,900, 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.
There were not many closely comparable homes right in Victoria Manor-Jennings Gate, so I widened the search to the surrounding area.
Based on 10 similar homes nearby, adjusted for size, beds, and baths.Median of 10 comparable active listings, adjusted for size, beds, and baths. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $2.17M
- Adjusts to $2.17M
That comparable adjusts to $2.17M; the $1.55M estimate above is the median of all 10 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. Hazelton Av / Larkmead Cres is about a 3-minute walk away.
Total price vs nearby homes. Fair value about $1.55M, median of 10 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.
- Walk-out basement: natural light and strong in-law or income potential.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Income potential
- Value driver
- Worth verifying
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 2% below the area average of $691/sqft.
30 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Victoria Manor-Jennings Gate, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Somewhat 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.
Some errands on foot, but most trips need a car.
🚉 Nearest transit: Hazelton Av / Larkmead Cres, about 253 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 $1,487,920 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,940
- Property tax
- $1,162
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,103
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $33,673
- Estimated closing costs
- $33,673
Plus your down payment of $371,980. 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
- $476,406
- Principal paid down
- $189,487
- Interest paid
- $286,919
- Balance remaining
- $1,298,433
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 ROYAL LEPAGE PREMIUM ONE REALTY. MLS®/PropTx.