128 Reeve Drive, Markham, ON
Markham Village, Markham · MLS® N13442864
About this home
Beautifully maintained and offered for the first time in 35 years, this exceptional family home is located on prestigious Reeve Drive in one of Markhams's most sought-after neighbourhoods. Pride of ownership is evident throughout this spacious residence featuring a bright, popular layout, main floor with elegant living and dining rooms, and a cozy family room with a fireplace overlooking the beautiful backyard. The kitchen is equipped with stainless steel appliances, pot lights, and a sun-filled breakfast area with large windows and a walkout to the yard, perfect for everyday living and entertaining. The second floor offers four generously sized bedrooms, including a spacious primary retreat featuring a walk-in closet and a newly renovated 3-piece ensuite. The finished basement provides additional living space with a fifth bedroom, large recreation room, office, cold cellar, and workshop. Step outside to your private backyard oasis, complete with mature landscaping and an interlock patio ideal for summer barbecues and outdoor gatherings. Enjoy the convience of being just mintues from historic Markham Village, charming restaurants, cafes, the library, Milne Conservation Park, Morgan Pool, community centres, Markham Stouffville Hospital, Go Transit, public transit, and Highway 407. A rare opportunity to own a cherished home on one of Markham's most prestigious streets.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13442864
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 3 (1 half)
- Size
- 2000-2500
- Lot
- 52 × 110 ft
- Cross streets
- Markham Rd./Hwy 7
- Parking
- 2 garage · 6 parking (attached)
- Driveway
- Private Double
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,468 / 2026
- Days on market
- 34
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Rooms
broadloom · double closet · window
hardwood floor · fireplace · window
broadloom · fireplace · window
window · access to garage
eat-in kitchen · pot lights · w/o to yard
broadloom · double closet · window
broadloom · double closet · window
broadloom · window
broadloom · walk-in closet(s) · 3 pc ensuite
broadloom · double closet · window
broadloom · double closet · window
broadloom · bay window
Listed at $1,729,000, this home is about 21% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 11 similar homes nearby, adjusted for size, beds, and baths.Median of 11 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.47M, 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 $1.10M
- Bedrooms +$30K
- Adjusts to $1.13M
That comparable adjusts to $1.13M; the $1.43M estimate above is the median of all 11 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 Markham District HS, 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, this is a very walkable address with everyday errands close by. Highway 7 / Cosburn Rd is about a 3-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $1.43M, median of 11 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled.
- 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.
- Primary suite: a key comfort and resale feature.
- Value driver
- Weigh carefully
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 3 closest active listings nearby.
See all comparable homesThis home lists 19% above the area average of $646/sqft.
30 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Markham Village, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Highway 7 / Cosburn Rd, about 200 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 18, 2026); conventional rates run a little higher.
Mortgage amount $1,383,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,381
- Property tax
- $539
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,920
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $31,055
- Estimated closing costs
- $31,055
Plus your down payment of $345,800. 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
- $442,876
- Principal paid down
- $176,151
- Interest paid
- $266,725
- Balance remaining
- $1,207,049
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 CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.