5 Mead Terrace, Markham, ON
Wismer, Markham · MLS® N13579170
About this home
Welcome to 5 Mead Terrace, an exceptional executive residence in one of Markham's most prestigious and family-oriented neighbourhoods. Offering approximately 5200 sq. ft. of luxurious living space, this grand home showcases timeless architecture, soaring ceilings, an impressive open-to-above design, and an elegant curved staircase that creates a stunning first impression. Designed for both everyday living and entertaining, the main floor features formal living and dining rooms, a spacious family room with fireplace, a private library ideal for a home office, and a chef-inspired kitchen complete with a centre island, breakfast area, butler's pantry, and walkout to the backyard. The functional layout seamlessly blends sophistication with comfort. The second level offers 4 generously sized bedrooms, including a luxurious primary retreat with a spa-inspired 5-piece ensuite, walk-in closet, and optional private deck. A rare second bedroom with its own ensuite and walk-in closet is perfect for extended family, guests, or multigenerational living, while the remaining bedrooms are connected by a convenient semi-ensuite bath. The upper-level laundry room adds everyday convenience. Situated on a premium lot in a quiet, highly sought-after enclave, this home is surrounded by top-ranked schools, beautiful parks, golf courses, shopping, restaurants, transit, and convenient access to Highways 404 and 407.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13579170
- Bedrooms
- 5 (4 + 1)
- Bathrooms
- 6 (1 half)
- Size
- 3500-5000
- Lot
- 47.97 × 88.67 ft
- Cross streets
- 16th Ave and Markham Rd
- Parking
- 2 garage · 4 parking (attached)
- Driveway
- Private
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Poured Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $9,396 / 2026
- Listing brokerage
- ROYAL LEPAGE ASSOCIATES REALTY
Rooms
porcelain floor · centre island · custom backsplash
porcelain floor · window
hardwood floor · closet · window
hardwood floor · window · gas fireplace
walk-in closet(s) · 5 pc ensuite · hardwood floor
hardwood floor · window
hardwood floor · window · sunken room
laminate · window
hardwood floor · closet · window
hardwood floor · coffered ceiling(s)
hardwood floor · metal railing
Porcelain Floor
hardwood floor · closet · window
Listed at $1,798,088, this home is about 34% 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 Wismer, so I widened the search to the surrounding area.
Based on 6 similar homes nearby, adjusted for size, beds, and baths.Median of 6 comparable active listings, adjusted for size, beds, and baths. The city (MPAC) assessment points to about $2.15M, 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 $2.45M
- Bathrooms +$15K
- Adjusts to $2.46M
That comparable adjusts to $2.46M; the $2.75M estimate above is the median of all 6 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 Bur Oak 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, this is a very walkable address with everyday errands close by. Mingay Av / 16th Av is about a 4-minute walk away. Walkable, transit-friendly spots tend to hold value and widen your resale pool.
Total price vs nearby homes. Fair value about $2.75M, median of 6 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.
- 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.
- Worth verifying
- Value driver
- 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 34% below the area average of $643/sqft.
View comparable listingsPrice per square foot vs the area average.
Neighbourhood & location
Wismer, 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: Mingay Av / 16th Av, about 284 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 $1,438,470 · 4.14% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,676
- Property tax
- $783
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,459
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $32,437
- Estimated closing costs
- $32,437
Plus your down payment of $359,618. 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
- $460,573
- Principal paid down
- $183,190
- Interest paid
- $277,383
- Balance remaining
- $1,255,281
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 ROYAL LEPAGE ASSOCIATES REALTY. MLS®/PropTx.