86 Morgan Avenue, Markham, ON
Thornhill, Markham · MLS® N13587388
About this home
In short
- Welcome to 86 Morgan Avenue, a beautifully maintained detached home in the heart of Thornhill, offering the perfect balance of comfort, opportunity, and long-term value.
- Set on a rare 50 x130 ft pool-sized lot, this property delivers exceptional outdoor space for entertaining, gardening, or future expansion.
- The main level showcases a recently upgraded kitchen with brand-new countertops and high-end stainless steel appliances (2023), along with updated windows (2023) and...
- A major highlight is the fully finished LEGAL basement apartment, registered with the City of Markham, offering excellent income potential or private space for...
- The property also presents outstanding future development opportunities, including the potential to build a custom 2-3 storey home or explore a semi-detached...
Welcome to 86 Morgan Avenue, a beautifully maintained detached home in the heart of Thornhill, offering the perfect balance of comfort, opportunity, and long-term value. Set on a rare 50 x130 ft pool-sized lot, this property delivers exceptional outdoor space for entertaining, gardening, or future expansion. Inside, the home features a bright and functional 3+3 bedroom, 3-bathroom layout, ideal for growing families or multi-generational living. The main level showcases a recently upgraded kitchen with brand-new countertops and high-end stainless steel appliances (2023), along with updated windows (2023) and a new A/C system (2025), ensuring modern comfort throughout. A major highlight is the fully finished LEGAL basement apartment, registered with the City of Markham, offering excellent income potential or private space for extended family. The property also presents outstanding future development opportunities, including the potential to build a custom 2-3 storey home or explore a semi-detached redevelopment option (buyer to verify). Located in a highly desirable Thornhill pocket, residents enjoy access to top-ranked schools including Thornlea Secondary School, E.J. Sand Public School, and nearby private and French immersion options. Lifestyle amenities are just minutes away with local favourites such as Bayview Village Shopping Centre, Vaughan Mills, cafés along Yonge Street, and parks like Dufferin Clark Conservation Area. The area is also positioned for strong future growth with the upcoming Yonge North Subway Extension, bringing new transit connectivity to Richmond Hill and beyond. A rare opportunity to own a versatile property in one of Thornhill's most established and evolving communities-perfect for end-users, investors, and builders alike. MOTIVATED SELLER!
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13587388
- Bedrooms
- 3+3 (6 total)
- Bathrooms
- 3
- Size
- 1100-1500 sq ft
- Lot
- 50 × 130 ft
- Cross streets
- Yonge and Clark
- Parking
- 1 garage · 4 parking (detached)
- Driveway
- Private
- Basement
- Apartment, Separate Entrance
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick, Concrete
- Foundation
- Concrete, Concrete Block
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,324 / 2026
- Days on market
- 61
- Listing brokerage
- KELLER WILLIAMS REFERRED URBAN REALTY
Listed at $1,299,000. Recent sales of homes like it put this one around $1.19M, so the ask is about 9% above what similar homes have sold for.
If it sells at this ask, expect about $1.21M, typically $1.17M to $1.26M: that is where homes here have closed against their asks in the last 90 days (5 closings).
Longer on the market than typical. 61 days on the market against about 39 for homes like it here, and asking 9% above where comparable closings put it.
Total price vs nearby homes. Fair value about $1.19M, learned from recent GTA sales.
The market behind the math:
About 9.6 months of inventory: 16 detached homes for sale in the area against 5 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $999/sqft against an area asking average of $985/sqft. Size and $/sqft both feed the estimate above.
- Separate-entrance basement apartment features. A finished 3 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. Basements do rent in Thornhill: 8 of the 40 detached leases here lately were basement units, around $1,900 a month. That makes the suite real income, and comparable-sales math under-prices it, so read the estimate as a floor. Second-suite retrofit status is not verified. A buyer intending to rent should confirm requirements with the City of Markham.
How this estimate is builtthe short version
This figure comes from a model built on about 44,000 recent GTA sales. It weighs this home’s tax assessment, size, age, location and features against what homes like it actually sold for, including sales in this neighbourhood.
It never sees the asking price. The 6 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.23M. Condition and finishes remain an in-person call.
What the listing highlights4 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Separate entrance / basement suite: rental or in-law income potential, if it is legally registered and retrofit-compliant. Income potential
- Recent major systems: lower near-term capital costs, ask for the ages and any warranties. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Development potential: upside only if zoning permits, verify with the city before relying on it. Worth verifying
Schools & getting aroundcatchment and transit
Its public catchment (Thornhill SS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($999/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 Thornhill, so I widened the search to the surrounding area.
Based on 6 comparable homes that sold in Thornhill over the past two years, from 32 closings there.
Nothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market. Homes like this one have recently closed around $1.19M, which is where my estimate comes from.
Per square foot, these ask about $857/sqft; this home lists at $999/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 6 active listings nearby.
See all comparable homesNeighbourhood & location
Thornhill, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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.
Also nearby: 9 more schools within 2.5 km
Not the assigned catchment: schools a family here could reach, with EQAO results where published.
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 4.24% via Ratehub.ca (as of September 18, 2026); conventional rates run a little higher.
Mortgage amount $1,039,200 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $5,688
- Property tax
- $527
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,215
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $22,455
- Estimated closing costs
- $22,455
Plus your down payment of $259,800. 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
- $341,299
- Principal paid down
- $128,489
- Interest paid
- $212,809
- Balance remaining
- $910,711
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
The suite is real income here: basements rent in Thornhill (8 of 40 recent detached leases were basement units, around $1,900 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,900 a month on top of the upper floors. Permitted use is worth confirming with the city.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 6 whole-home leases in Thornhill signed at a median of $5,255 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,169. The gross yield above is on the asking price, before taxes and upkeep; the cap rate is after them. A finished basement or second suite can push real rent above it. Taxes, fees, and vacancy vary by property, and cap rate is before financing.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of KELLER WILLIAMS REFERRED URBAN REALTY. MLS®/PropTx.