52 Terrosa Road, Markham, ON
Middlefield, Markham · MLS® N13483312
About this home
Welcome to this beautifully maintained and spacious famliy home, offering the perfect blend of comfort, functionality, and convenience. Featuring an inviting open-concept living and dining area, this home is designed for both everyday living and effortless entertaining. The upper level showcases brand-new carpeting throughout and offers three generously sized bedrooms, providing ample space for the entire family. A standout feature is the finished basement apartment with a separate entrance, offering incredible flexibility for multigenerational living, guests, a home office, a recreation room, or potential rental income. Complete with two versatile rooms, a full bathroom, and a kitchen area, this space adds exceptional value and flexibility. Ideally situated in a highly desirable neighbourhood, you'll enjoy close proximity to shopping, parks, recreational facilities, and the Aaniin Community Centre, along with convenient access to TTC and YRT transit. Familiies will appreciate being within the catchment area of sought-after sschools, including Ellen Fairclough Public School and Middlefield Collegiate Institute. Everyday essentials, dining, and major transportation routes are just minutes away, with easy access to Highways 401, 404, and 407. Recent upgrades provide added peace of mind, including a new fence (2023), a new main-floor stove (2024), and a new main-floor refrigerator (2025). Move-in ready and meticulously cared for, this elegant home presents an exceptional opportunity for families, first-time buyers, and investors alike. Combining space, versatility, and an unbeatable location, this is a property you'll be proud to call home.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13483312
- Bedrooms
- 5 (3 + 2)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000
- Lot
- 21 × 108.2 ft
- Cross streets
- McCowan & Steeles
- Parking
- 1 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete, Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $4,118 / 2025
- Days on market
- 23
- Listing brokerage
- RED HOUSE REALTY
Rooms
broadloom · window
2 Pc Bath
hardwood floor · window · combined w/dining
backsplash · ceramic floor · w/o to yard
open concept · ceramic floor
laminate · open concept · linen closet
laminate · closet · window
broadloom · window
3 Pc Bath
broadloom · his and hers closets
hardwood floor · combined w/living
laminate · closet · window
3 Pc Bath
Listed at $1,050,000, this home is about 8% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Based on 5 similar homes nearby, adjusted for size, beds, and baths.Median of 5 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $813K, 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 $899K
- Bedrooms −$30K
- Bathrooms −$15K
- Adjusts to $854K
That comparable adjusts to $854K; the $969K estimate above is the median of all 5 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.
The assigned public school is Armadale PS. EQAO is only one input, and families here also look at French Immersion, boundary, and private options, the full breakdown is below.
On location, it is moderately walkable, so some daily errands are within reach and for the rest you will likely drive. McCowan Rd at Devonshire Ave is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $969K, median of 5 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.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted.
- Open-concept layout: modern, sought-after flow.
- Income potential
- Value driver
- Lifestyle
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest of 8 active listings nearby.
See all comparable homesThis home lists 16% above the area average of $519/sqft.
19 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Middlefield, 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: McCowan Rd at Devonshire Ave, about 119 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 $840,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $4,483
- Property tax
- $343
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $4,826
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $17,475
- Estimated closing costs
- $17,475
Plus your down payment of $210,000. 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
- $268,953
- Principal paid down
- $106,974
- Interest paid
- $161,979
- Balance remaining
- $733,026
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 RED HOUSE REALTY. MLS®/PropTx.