23 Princess Street, Markham, ON
Vinegar Hill, Markham · MLS® N13519554
About this home
Nestled on a quiet, secluded street just steps from Historic Main Street Markham, this custom-built 4,022 sqft home offers an exceptional blend of luxury, privacy, and convenience, complimented by seasonal views of Milne Dam and the Rouge River. Showcasing impressive architectural details including a soaring 29' vaulted ceiling, 10' ceilings, 8' main floor doors, crown moulding, upgraded trim, travertine flooring, and hardwood throughout principal living spaces. Designed for both everyday living and entertaining, the home offers elegant living and dining rooms, a sun-filled family room with built-in speakers, a private main floor office, and a gourmet eat-in kitchen with granite countertops, premium built-in stainless steel appliances, heated floors, custom pantry storage, servery, and walkout to the backyard. The primary suite serves as a private retreat with two walk-in closets, a walkout to a sun-soaked deck, and a luxurious spa-inspired ensuite with heated travertine floors, clawfoot tub, and separate shower. Three additional upper-level bedrooms each enjoy access to a private full bathroom, while a second office with balcony and an upper-level laundry room add further functionality. The finished walkout basement extends the living space with two additional bedrooms, two full bathrooms, a steam room, heated floors, gym area, recreation room, and abundant storage. The resort-style backyard is an entertainer's dream, featuring an inground heated pool, hot tub, waterfall feature, expansive deck with pergola, and dedicated outdoor dining area. Ideally located within walking distance to boutique shops, restaurants, cafés, pubs, the Markham Village Community Centre, arena, and library, with direct access to Milne Park Conservation Area trails and quick connections to Hwy 407 and Hwy 404 for convenient travel throughout the GTA.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13519554
- Bedrooms
- 6 (4 + 2)
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000
- Lot
- 70.8 × 159.65 ft
- Cross streets
- Hwy 7 & Markham Rd
- Parking
- 2 garage · 6 parking (attached)
- Basement
- Finished with Walk-Out
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Pool
- Inground
- Property tax
- $12,710 / 2025
- Days on market
- 14
- Listing brokerage
- RE/MAX ALL-STARS BENCZIK KAVANAGH TEAM
Rooms
hardwood floor · pot lights · w/o to deck
hardwood floor · gas fireplace · pot lights
tile floor · centre island · stainless steel appl
tile floor · laundry sink
hardwood floor · 5 pc ensuite · w/o to deck
hardwood floor · semi ensuite · w/o to balcony
hardwood floor · built-in speakers · pot lights
hardwood floor · coffered ceiling(s) · pot lights
tile floor · w/o to yard · pot lights
heated floor · pot lights · window
hardwood floor · 4 pc ensuite · closet
heated floor · french doors · 4 pc ensuite
hardwood floor · french doors · pot lights
heated floor · 3 pc ensuite · pot lights
hardwood floor · semi ensuite · w/o to balcony
Listed at $2,698,000, this home is within the range of comparable homes, on the higher side. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Vinegar Hill, so I widened the search to the surrounding area.
Based on 7 similar homes nearby, adjusted for size, beds, and baths.Median of 7 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.82M, a bit higher. The comparable range is wide here, so treat this as a rough read until I run a full CMA.
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 $2.45M
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $2.50M
That comparable adjusts to $2.50M; the $2.50M estimate above is the median of all 7 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 Markville SS, 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 North at Princess St is about a 2-minute walk away.
Total price vs nearby homes. Fair value about $2.50M, median of 7 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.
- Walk-out basement: natural light and strong in-law or income potential.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Heated floors: comfort and a premium-finish signal.
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Income potential
- Value driver
- Lifestyle
- Weigh carefully
- Worth verifying
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 5% above the area average of $606/sqft.
10 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Vinegar Hill, 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 North at Princess St, about 169 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 $2,158,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,518
- Property tax
- $1,059
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,577
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $53,925
- Estimated closing costs
- $53,925
Plus your down payment of $539,600. 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
- $691,081
- Principal paid down
- $274,873
- Interest paid
- $416,209
- Balance remaining
- $1,883,527
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 RE/MAX ALL-STARS BENCZIK KAVANAGH TEAM. MLS®/PropTx.