9 Wales Avenue, Markham, ON
Old Markham Village, Markham · MLS® N13500200
About this home
Unlock the potential ! This charming property offers an incredible opportunity for Investors , Builders or Buyers looking to create their dream home or move in as is , where is .This 1 1/2 Storey detached house currently features 4 bedrooms , 2 bathrooms , situated on a very large Lot in very desirable Old Markham Village ( not a heritage home) on 61 x 223 feet irregular lot with approved Permit and drawings for a modern design home of 4278 square feet . Design feature based on addition of second story , 2 + Tandem car garage , Elevator , 10 feet high ceiling on main floor , 9 feet in basement and8 feet on second floor , Surrounded by multi-million dollars homes . Close to shops , restaurants , and Go - Station . The project is shovel ready .
Key facts
- Property type
- Detached, 1 1/2 Storey
- MLS®
- N13500200
- Bedrooms
- 4
- Bathrooms
- 2
- Size
- 1500-2000
- Lot
- 18.59 × 68.17 ft
- Cross streets
- Markham Road/ 16th Avenue
- Parking
- 1 garage · 5 parking (detached)
- Driveway
- Available, Front Yard Parking
- Basement
- Separate Entrance, Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Block, Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $5,160 / 2026
- Days on market
- 18
- Listing brokerage
- CENTURY 21 INNOVATIVE REALTY INC.
Rooms
carpet free · window · overlooks backyard
ceramic floor · b/i shelves · breakfast area
hardwood floor · window · ceiling fan(s)
ceramic floor · large window · 4 pc ensuite
hardwood floor · window · b/i shelves
hardwood floor · b/i shelves · combined w/living
hardwood floor · large window · combined w/dining
hardwood floor · large window · large closet
carpet free · window · overlooks backyard
Listed at $1,688,000, this home is tracking about 35% above a wider set of listings, though close matches were thin, so treat this as a rough read until I run a precise CMA. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($965/sqft) is in line with the area, so you are paying for extra space rather than a premium.
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 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 $1.27M, 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 $2.88M
- Bathrooms −$45K
- Adjusts to $2.83M
That comparable adjusts to $2.83M; the $1.25M 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.
On schools, this address is zoned for Franklin Street 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. Main St Markham / Springdale St is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $1.25M, 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.
- Addition / added square footage: more space lifts value when it is permitted and well integrated, verify the permits.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Elevator: rare and valuable for accessibility and resale.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Development potential: upside only if zoning permits, verify with the city before relying on it.
- Value driver
- Worth verifying
- 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 4% above the area average of $925/sqft.
14 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Old 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: Main St Markham / Springdale St, about 116 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 $1,350,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,206
- Property tax
- $430
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,636
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,235
- Estimated closing costs
- $30,235
Plus your down payment of $337,600. 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
- $432,374
- Principal paid down
- $171,974
- Interest paid
- $260,400
- Balance remaining
- $1,178,426
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 CENTURY 21 INNOVATIVE REALTY INC.. MLS®/PropTx.