3 Sir Lancelot Drive, Markham, ON
Markham Village, Markham · MLS® N13477326
About this home
A Must To See. Prestigious Location In Heart Of Markham Village. Gorgeour 178Ft Deep Premium, Mature Treed Lot. Lovely Bright Spacious And Newly Renovated Detached Home With 4 Bedrooms. Beautiful Picture Windows To Fill Lots Of Natural Sunlight And Views. Beautifully Updated Kitchen Featuring Quartz Countertops, Custom Cabinetry, S/S Appliances, Large Center Island. The Open-Concept Layout Is Perfect For Everyday Living And Entertaining. Large Master Bedroom W/3 Pc Ensuite, And Good Size For All Other 3 Bedrooms. Fully Fenced Backyard With Inground Pool, Plenty of Space for Entertaining And Family Enjoyment. Rare To Find 10,500Sqft Huge Lot In Center Of Markham Village. Close To All Other Amenities: School, Library, Community , Hockey Arena, Hospital, Go Train, Public Transit, Park, etc. Minutes Walking to Elementary School and Markham District High School.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13477326
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 4 (1 half)
- Size
- 2000-2500
- Lot
- 58.75 × 178.53 ft
- Cross streets
- Hwy 7 & Wooten Way N
- Parking
- 2 garage · 6 parking (built-in)
- Basement
- Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $7,140 / 2026
- Days on market
- 25
- Listing brokerage
- GOLDENWAY REAL ESTATE LTD.
Rooms
hardwood floor · walk-in closet(s) · double sink
hardwood floor · bow window · b/i ctr-top stove
Hardwood Floor
3 pc ensuite · hardwood floor
Hardwood Floor
Hardwood Floor
hardwood floor · overlooks backyard
Hardwood Floor
hardwood floor · south view · large window
b/i appliances · backsplash · bar sink
Hardwood Floor
Listed at $1,628,000, this home is about 13% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 13 similar homes nearby, adjusted for size, beds, and baths.Median of 13 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.71M, a bit higher.
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
- Bathrooms +$15K
- Adjusts to $1.14M
That comparable adjusts to $1.14M; the $1.44M estimate above is the median of all 13 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.
Its public catchment (Markham District HS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. Church St / Wootten Way is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $1.44M, median of 13 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.
- 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.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- 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 12% above the area average of $646/sqft.
21 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
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: Church St / Wootten Way, about 109 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 $1,302,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,950
- Property tax
- $595
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,545
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $29,035
- Estimated closing costs
- $29,035
Plus your down payment of $325,600. 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
- $417,005
- Principal paid down
- $165,861
- Interest paid
- $251,144
- Balance remaining
- $1,136,539
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 GOLDENWAY REAL ESTATE LTD.. MLS®/PropTx.