16 Wild Cherry Lane, Markham, ON
Royal Orchard, Markham · MLS® N13528808
About this home
This Iconic Masterpiece Expertly Crafted In 2023, In The Prestigious Pocket of Royal Orchard On A Quiet Corner Lot, Boasting A Perfect Blend Of Contemporary/Modern Design, The Latest Tech&Comfort,Sophistication&Elegance >> 4,031 Sq.Ft + Finished W/O Basement >> Total ~ 5,700 S.F! This Beauty Delivers Extensive Use of Custom Millwork& Crafted Built-Ins Enriched with Modern Designer Stylish Accents: Blending Wood, Porcelain Slabs,Glass,Mirror,Custom Light Fixtures,Inlay Led Lighting& Other Trendy Materials! Timeless Curb Appeal with Quality Pre-Cast Facade! Wide 8" Engineered Hardwood Porcelain Slabs for Flrs! Open Concept Living/Dining/Staircase/Foyer&Library! A Comfortable Elevator with 3 Stops! Open Rising Main Staircase withTempered Glass Railing, Oak Hand-railing & Skylights Above. Elegant Modern Open Concept Library with Incredible Designer Accent Wall Includes Porcelain Slab& Hidden/Inlay Lighting, Custom Built-In Shelves! Main Level with 10' Ceiling, Large Dramatic Family Rm with Modern Wall Unit, Gas Fireplaces and A Decorative Wine/Drink Rack Walk-Out to A Family Sized Deck. The Chef-Inspired Kitchen Includes Quality Cabinetry, State-Of-The-Art Appliances, Island, Breakfast Bar, Countertops& An Extra Catering Kitchen/Servery. Amazing Guest Closets with Mirror and Fantastic Powder Rm with Magnificent Design. Upstairs with ~9' Cling Includes the Primary Suite Showcases a Designer Bed Board, Two-Way Fireplace, Boudoir Boutique Style Walk-In Closet& Make-Up Desk, Spa-Inspired 6-Pc Ensuite with Smart Toilet& Heated Flr. Additional 3 Bedrooms Offer Own Ensuite, and Walk-In Closet! The Finished Walk Out Lower Level Boasts 10' Clings, Heated Floors, A Beautiful Wall Unit, Center Island, Full 2nd Kitchen, Nanny Rm, 2nd Bedroom/Gym& 2nd Laundry Rm! Outside Features: Underground Irrigation System, Large Extra Side Yards, Fully Fenced Backyard and A Gate! Heated Flr: Foyer, Powder Rm, Basement, Garage,and Master Ensuite! Snow Melting for Driveway,Steps,Outside Landing.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13528808
- Bedrooms
- 6 (4 + 2)
- Bathrooms
- 7 (2 half)
- Size
- 3500-5000
- Lot
- 55 × 109.1 ft
- Cross streets
- YONGE ST/ ROYAL ORCHARD
- Parking
- 2 garage · 6 parking (built-in)
- Driveway
- Available, Private Double
- Basement
- Finished with Walk-Out
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Other
- Foundation
- Poured Concrete
- Roof
- Asphalt Rolled, Shingles
- Sewer
- Sewer
- Property tax
- $13,852 / 2025
- Days on market
- 11
- Listing brokerage
- RE/MAX REALTRON BIJAN BARATI REAL ESTATE
Rooms
3 pc ensuite · above grade window · heated floor
3 pc ensuite · walk-in closet(s) · hardwood floor
built-in speakers · above grade window · heated floor
centre island · stainless steel appl · heated floor
3 pc ensuite · walk-in closet(s) · hardwood floor
w/o to yard · electric fireplace · heated floor
3 pc ensuite · walk-in closet(s) · hardwood floor
gas fireplace · w/o to deck · b/i shelves
breakfast area · stainless steel appl · centre island
b/i bookcase · led lighting · hardwood floor
6 pc ensuite · walk-in closet(s) · electric fireplace
electric fireplace · wall sconce lighting · hardwood floor
built-in speakers · led lighting · hardwood floor
Listed at $3,488,000, this home is about 17% above what comparable homes suggest. The number above is my independent estimate of value, not the asking price.
Priced above comparable homes overall, but the price per square foot ($821/sqft) is in line with the area, so you are paying for extra space rather than a premium.
There were not many closely comparable homes right in Royal Orchard, so I widened the search to the surrounding area.
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 $3.15M, 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 $2.00M
- Adjusts to $2.00M
That comparable adjusts to $2.00M; the $2.98M 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.
Its public catchment (Baythorn PS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
On location, this is a very walkable address with everyday errands close by. Royal Orchard Blvd / Wild Cherry La is about a 1-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.98M, 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.
- Heated floors: comfort and a premium-finish signal.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Primary suite: a key comfort and resale feature.
- Open-concept layout: modern, sought-after flow.
- Hardwood floors: quality hardwood is durable and broadly desirable.
- Lifestyle
- Worth verifying
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 5 closest active listings nearby.
See all comparable homesThis home lists 4% above the area average of $789/sqft.
7 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Royal Orchard, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
Getting around
Very 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.
Most daily errands can be done on foot.
🚉 Nearest transit: Royal Orchard Blvd / Wild Cherry La, about 61 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 $2,790,400 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $14,891
- Property tax
- $1,154
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $16,045
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $73,675
- Estimated closing costs
- $73,675
Plus your down payment of $697,600. 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
- $893,437
- Principal paid down
- $355,358
- Interest paid
- $538,079
- Balance remaining
- $2,435,042
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 REALTRON BIJAN BARATI REAL ESTATE. MLS®/PropTx.