51 Gillings Street, Markham, ON
Victoria Square, Markham · MLS® N13468760
About this home
In short
- Monarch-Built 4-Bedroom Detached Home On A Premium 45.97' x 117' Lot In Markham's Victoria Square Community.
- Functional Layout With 9-Ft Ceilings On The Main Floor.
- Primary Bedroom Features A Walk-In Closet And Ensuite Bath.
- Conveniently Located Close To Parks, Schools, Angus Glen Community Centre, Costco, Hwy 404, Public Transit And Other Everyday Amenities.
Monarch-Built 4-Bedroom Detached Home On A Premium 45.97' x 117' Lot In Markham's Victoria Square Community. Functional Layout With 9-Ft Ceilings On The Main Floor. Separate Living And Dining Rooms, Spacious Family Room And Eat-In Kitchen With Breakfast Area Overlooking The Backyard. Skylight Above The Staircase Brings Natural Light To The Second Floor. Primary Bedroom Features A Walk-In Closet And Ensuite Bath. Three Additional Bedrooms Plus A Tech Area Suitable For Study, Work-From-Home Or Family Use. Deep Backyard With Mature Landscaping, Flower Gardens And Plenty Of Outdoor Space To Enjoy. Professionally Finished Interlocking Driveway And Double Car Garage. Conveniently Located Close To Parks, Schools, Angus Glen Community Centre, Costco, Hwy 404, Public Transit And Other Everyday Amenities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13468760
- Bedrooms
- 4
- Bathrooms
- 4 (1 half)
- Size
- 2500-3000 sq ft
- Lot
- 45.97 × 117.74 ft
- Cross streets
- Elgin Mills & Woodbine
- Parking
- 2 garage · 5 parking (built-in)
- Driveway
- Private Double
- Basement
- Full
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $8,391 / 2026
- Days on market
- 122
- Listing brokerage
- FIRST CLASS REALTY INC.
Rooms
hardwood floor · gas fireplace · window
ceramic floor · sliding doors · w/o to yard
Window
5 pc ensuite · double closet · walk-in closet(s)
double closet · large window
combined w/living · hardwood floor · window
semi ensuite · closet · window
semi ensuite · walk-in closet(s) · window
combined w/dining · bay window · window
ceramic floor · centre island · stainless steel appl
Listed at $2,098,000. Going by how homes in Victoria Square and the wider GTA have actually closed against their asking prices (about 97%, 5 local closings in 90 days), the likely sale price is near $2.03M, if it sells. A realistic range is $1.90M to $2.29M.
Independent value check: no figure for this home. Going only by the sales record, our model lands more than 25% below the ask. At that distance an automated figure has rarely been close to the eventual sale price, so we are not printing one. The usual reason is something the record cannot show: a rebuild, a second unit, or a lot or setting unlike the homes around it.
Longer on the market than typical. 122 days on the market against about 52 for homes like it here, and asking 33% above where comparable closings put it.
Total price vs nearby homes. Likely closing about $2.03M, from 5 recent closings in this pocket.
The market behind the math:
About 3 months of inventory: 5 detached homes for sale in the area against 5 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $763/sqft against an area asking average of $603/sqft.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 5 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.74M. Condition and finishes remain an in-person call.
What the listing highlights2 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Primary suite: a key comfort and resale feature. Lifestyle
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
Read this with carewhy it’s an estimate, not an appraisal
There were not many closely comparable homes right in Victoria Square, so I widened the search to the surrounding area.
Based on 5 comparable homes that sold in Victoria Square over the past two years, from 38 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.57M, which is where my estimate comes from.
Per square foot, these ask about $603/sqft; this home lists at $763/sqft. Size is part of the price story, not just the sticker.
The 5 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Markham: $1.39M in September 2026, down 3% from a year ago, on 1,284 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Markham as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.50M | 121 |
| November 2025 | $1.49M | 88 |
| December 2025 | $1.44M | 72 |
| January 2026 | $1.42M | 57 |
| February 2026 | $1.43M | 69 |
| March 2026 | $1.44M | 95 |
| April 2026 | $1.39M | 116 |
| May 2026 | $1.48M | 141 |
| June 2026 | $1.46M | 147 |
| July 2026 | $1.38M | 128 |
| August 2026 | $1.49M | 136 |
| September 2026 | $1.39M | 114 |
Neighbourhood & location
Victoria Square, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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) →
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 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.
Mortgage amount $1,678,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $9,280
- Property tax
- $699
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $9,979
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $38,925
- Estimated closing costs
- $38,925
Plus your down payment of $419,600. 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
- $556,810
- Principal paid down
- $205,069
- Interest paid
- $351,740
- Balance remaining
- $1,473,331
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 numbersThe last 5 whole-home leases in Victoria Square signed at a median of $4,100 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,025. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of FIRST CLASS REALTY INC.. MLS®/PropTx.