116 Riverwalk Drive, Markham, ON
Box Grove, Markham · MLS® N13565910
About this home
Location1 !! Location !!! Location!!! Fabulous Premium Corner Lot. Welcome To 116 Riverwalk Drive with 2 Master Bed Room, No Carpet A Spacious And Beautifully Updated 4+3 Bedroom, 5 Bathroom Family Home Nestled In One Of Markham's Most Desirable And Established Neighborhoods. Offering Exceptional Space And Versatility, This Home Features A Finished Basement With Additional Bedrooms Ideal For Extended Family, Guests, Or Multi Generational Living Bsmnt 3 Bed with Separate entrance & Lots Of Storage Area .Natural GasLine For Bbq On 14X18 Ft Large Deck. Automatic Garage Door Openers .Central Vac, New Roof 2023, New Extended aggregated Driveway 2024. Reliance Heating System. 3 Ton Ac. Ruff in for Basement separate Laundry Wildlife Preventative Measures . Steps To Bus Stop , top graded Public School. Close To All Major Amenities,Transit, 407, Shopping, Comm Center, Hospital & Parks!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13565910
- Bedrooms
- 7 (4 + 3)
- Bathrooms
- 5 (1 half)
- Size
- 2500-3000
- Lot
- 64.4 × 77.26 ft
- Cross streets
- 14th Ave & 9th Lane
- Parking
- 2 garage · 5 parking (attached)
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,810 / 2026
- Days on market
- 2
- Listing brokerage
- CENTURY 21 INNOVATIVE REALTY INC.
Rooms
large closet · laminate · 3 pc ensuite
parquet · led lighting · overlooks frontyard
parquet · large window · colonial doors
tile floor · backsplash · pot lights
ceramic floor · w/o to deck · quartz counter
large closet · window · laminate
parquet · coffered ceiling(s) · large window
large closet · window · laminate
parquet · fireplace · overlooks backyard
4 pc ensuite · his and hers closets · large window
large closet · laminate
pot lights · 3 pc bath · laminate
walk-in closet(s) · laminate
large closet · window · laminate
Listed at $1,499,000, this home is about 14% below comparable homes, worth a close look. The number above is my independent estimate of value, not the asking price.
There were not many closely comparable homes right in Box Grove, so I widened the search to the surrounding area.
Based on 16 similar homes nearby, adjusted for size, beds, and baths.Median of 16 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $1.51M, 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 $1.69M
- Bedrooms +$30K
- Bathrooms +$15K
- Adjusts to $1.73M
That comparable adjusts to $1.73M; the $1.73M estimate above is the median of all 16 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 David Suzuki 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. Riverwalk Dr / Caprara CR is about a 1-minute walk away.
Total price vs nearby homes. Fair value about $1.73M, median of 16 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.
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties.
- Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment.
- Corner lot: more light and frontage, sometimes at the cost of privacy.
- Income potential
- Value driver
- Weigh carefully
The closest active listings by size, beds, and price, so you can see what this home is up against.
The 4 closest active listings nearby.
See all comparable homesThis home lists 17% below the area average of $655/sqft.
2 days faster than the Markham average (4 days).
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Box Grove, 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: Riverwalk Dr / Caprara CR, about 50 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 $1,199,200 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,399
- Property tax
- $568
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,967
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $26,455
- Estimated closing costs
- $26,455
Plus your down payment of $299,800. 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
- $383,963
- Principal paid down
- $152,718
- Interest paid
- $231,244
- Balance remaining
- $1,046,482
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.