138 Tea Rose Street, Markham, ON
Cachet, Markham · MLS® N13443622
About this home
Welcome to this East facing sun-light beautiful home with panoramic West view and landscape gardens. This well-maintained 2-storey house of 80 feet frontage with 3-car garage and triple wide driveway is located at NW corner of Warden/16th Ave, close to Freeway 404 and 407, in the premier Cachet Community and the top ranking schools zone, minutes away from many well-known supermarkets, malls, banks, Angus Glen Community Centre, health services, and many other facilities. 18 feet high foyer, spiral oak staircase, sky-light, open-concept great room, broad quartz island in the eat-in kitchen, pot lights, French glass doors, landscape gardens, large bedrooms, ensuite bathrooms and mirrored wall recreation room in the basement, etc. Don't miss the opportunity to possess this exceptional home with panoramic view on hilltop of the area and convenient to main traffic.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13443622
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000
- Lot
- 80.22 × 130.35 ft
- Cross streets
- Warden and 16 Avenue
- Parking
- 3 garage · 9 parking (built-in)
- Driveway
- Available
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick Veneer
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $10,658 / 2025
- Days on market
- 32
- Listing brokerage
- HOMELIFE LANDMARK REALTY INC.
Rooms
walk-out · built-in speakers · pot lights
combined w/living · porcelain floor · pot lights
mirrored walls · built-in speakers · pot lights
b/i shelves · built-in speakers · pot lights
eat-in kitchen · quartz counter · bay window
3 pc bath · b/i closet · window
4 pc bath · b/i closet · overlooks backyard
bay window · hardwood floor · overlooks garden
3 pc ensuite · walk-in closet(s) · bay window
hardwood floor · fireplace · overlooks backyard
combined w/dining · porcelain floor · pot lights
6 pc ensuite · walk-in closet(s) · overlooks backyard
laundry sink · ceramic floor · fluorescent
east view · b/i closet · overlooks frontyard
Listed at $2,590,000, this home is within the range of comparable homes, on the lower side. The number above is my independent estimate of value, not the asking price.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.41M, a bit lower.
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 $1.99M
- Adjusts to $1.99M
That comparable adjusts to $1.99M; the $2.99M estimate above is the median of all 6 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 Pierre Elliott Trudeau 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, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. 16th Av / Warden Av is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $2.99M, median of 6 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.
- Open-concept layout: modern, sought-after flow.
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 9% below the area average of $669/sqft.
28 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Cachet, 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: 16th Av / Warden Av, about 198 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 $2,072,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,057
- Property tax
- $888
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $11,945
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $51,225
- Estimated closing costs
- $51,225
Plus your down payment of $518,000. 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
- $663,418
- Principal paid down
- $263,870
- Interest paid
- $399,548
- Balance remaining
- $1,808,130
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 HOMELIFE LANDMARK REALTY INC.. MLS®/PropTx.