40 Rouge Bank Drive, Markham, ON
Legacy, Markham · MLS® N13467936
About this home
Priced to Sell!Welcome To 40 Rouge Bank Dr Just shy of 2500 sq/ft above grade, sitting on one of Legacy best lots! A Beautifully Maintained Gem Nestled In Markham's Prestigious Legacy Community! This Immaculate 4-Bedroom, 3-Bathroom Home Showcases Pride Of Ownership Inside And Out. Thoughtfully Designed With A Functional And Spacious Layout, This Home Offers The Perfect Blend Of Comfort And Potential, Complete With A Full Basement Ready For Your Personal Touch. Situated On A Huge Deep Lot, There's Plenty Of Outdoor Space To Enjoy, Entertain, Or Create Your Dream Backyard Retreat. Whether You're Searching For The Ideal Family Home Or A Fantastic Investment Opportunity, This Property Checks All The Boxes. Surrounded By Top-Rated York Region Schools And Located Just Minutes From Hwy 407, Costco, Home Depot, Shopping, Dining, And Everyday Conveniences. This Is A Rare Opportunity You Won't Want To Miss!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13467936
- Bedrooms
- 4
- Bathrooms
- 3 (1 half)
- Size
- 2000-2500
- Lot
- 48.82 × 153.2 ft
- Cross streets
- 14th and Box Grove
- Parking
- 2 garage · 4 parking (attached)
- Basement
- Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Unknown
- Sewer
- Sewer
- Property tax
- $6,952 / 2026
- Days on market
- 28
- Listing brokerage
- CENTURY 21 LEADING EDGE REALTY INC.
Listed at $1,299,999, this home is within the range of a wider set of listings, but with few close matches nearby, so worth confirming with a precise CMA. The number above is my independent estimate of value, not the asking price.
There are only a few closely comparable homes right here, so this is a broad read from wider listings in the area. Ask me for a precise CMA before relying on it.
Based on 59 similar homes nearby, adjusted for size, beds, and baths.Median of 59 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.45M, 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
- Adjusts to $1.10M
That comparable adjusts to $1.10M; the $1.45M estimate above is the median of all 59 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 Legacy 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. Legacy Dr / Rouge Bank Dr is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $1.45M, median of 59 comparables.
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 7 active listings nearby.
See all comparable homesThis home lists 15% below the area average of $679/sqft.
24 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Legacy, 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: Legacy Dr / Rouge Bank Dr, about 138 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 17, 2026); conventional rates run a little higher.
Mortgage amount $1,039,999 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,550
- Property tax
- $579
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,129
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,475
- Estimated closing costs
- $22,475
Plus your down payment of $260,000. 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
- $332,989
- Principal paid down
- $132,444
- Interest paid
- $200,545
- Balance remaining
- $907,555
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.