15 Sylvia Court, Markham, ON
Devil's Elbow, Markham · MLS® N13537014
About this home
** The Grand Palazzo Cachet ** A rare opportunity to own one of Markham's most distinguished luxury residences. Set on *1.93 acres* in prestigious *Cachet Estates*, The Grand Palazzo Cachet is an extraordinary Italian Renaissance-inspired estate offering over 15,000 square feet of luxurious living space*, timeless European elegance, exceptional craftsmanship, and unparalleled privacy. A stately arrival introduces interiors of remarkable scale and sophistication, featuring soaring ceilings, exquisite architectural detailing, custom millwork, imported finishes, and *radiant heated limestone floors throughout *. Every element has been thoughtfully designed to create an atmosphere of warmth, grandeur, and refined living. The magnificent Great Room serves as the heart of the residence, seamlessly combining an elegant living room and piano salon. Bathed in natural light, multiple French doors open onto an expansive terrace framed with elegant wrought-iron detailing, creating a seamless indoor-outdoor setting ideal for sophisticated entertaining, musical evenings, and cherished family gatherings. The home offers beautifully appointed formal entertaining spaces, inviting family areas, and a gourmet kitchen designed for both everyday living and exceptional hospitality. Luxurious bedroom suites provide comfort and privacy, while the impressive primary retreat offers a spa-inspired ensuite and refined dressing areas. The expansive walk-out lower level extends the living experience with versatile spaces for recreation, entertainment, relaxation, and multi-generational living, all opening directly to the spectacular grounds. Outside, professionally landscaped gardens, mature trees, manicured lawns, elegant terraces, and a *private tennis court* create a private European-inspired retreat rarely found in the Greater Toronto Area. Ideally located in Cachet Estates, close to renowned schools, championship golf courses, dining, shopping, and major transportation.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13537014
- Bedrooms
- 6
- Bathrooms
- 7 (4 half)
- Size
- 5,000 sq ft
- Lot
- 280.27 × 306.54 ft
- Cross streets
- Major Mackenzie Dr/Woodbine Ave
- Parking
- 4 garage · 20 parking (attached)
- Driveway
- Circular Drive
- Basement
- Partially Finished
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $36,758 / 2025
- Days on market
- 9
- Listing brokerage
- RE/MAX REALTRON BARRY COHEN HOMES INC.
Rooms
overlooks backyard · heated floor · hardwood floor
heated floor · hardwood floor · overlooks backyard
hardwood floor · overlooks backyard · heated floor
french doors · heated floor · fireplace
heated floor · w/o to patio · stone floor
3 pc ensuite · stone floor · heated floor
heated floor · stone floor · french doors
3 pc bath · closet · heated floor
stone floor · heated floor · overlooks frontyard
open concept · heated floor · w/o to garden
heated floor · combined w/br · stone floor
fireplace · french doors · heated floor
w/o to balcony · heated floor · 3 pc ensuite
heated floor · 4 pc ensuite · closet
w/o to balcony · stone floor · heated floor
4 pc ensuite · closet · heated floor
Heads up: the asking price here sits well above what comparable listings suggest. That can point to premium finishes, a bigger lot, or simply an ambitious ask, so it is worth a close look before you offer. I would not put an automatic figure on this one. Tell me you are interested and I will pull the most comparable recent sales and give you a straight answer on what it will really take.
Ask Moe if this price is fairOn schools, this address is zoned for Pierre Elliott Trudeau HS, 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. Woodbine Av / Major Mackenzie Dr is about a 2-minute walk away.
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.
- Upscale kitchen: a genuine value driver, verify the appliances, stone, and finishes in person.
- Heated floors: comfort and a premium-finish signal.
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room.
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements.
- Primary suite: a key comfort and resale feature.
- Value driver
- Lifestyle
- Worth verifying
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 homes5 days longer than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Devil's Elbow, 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: Woodbine Av / Major Mackenzie Dr, about 188 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 $7,040,000 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $37,568
- Property tax
- $3,063
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $40,631
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $206,475
- Estimated closing costs
- $206,475
Plus your down payment of $1,760,000. 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
- $2,254,083
- Principal paid down
- $896,546
- Interest paid
- $1,357,538
- Balance remaining
- $6,143,454
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 RE/MAX REALTRON BARRY COHEN HOMES INC.. MLS®/PropTx.