180 & 188 Main Street, Markham, ON

Old Markham Village, Markham · MLS® N13695850

$1,998,000
For Sale
Listed 61 days agoNo offer date statedSitting longer than typical
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5+1Bedrooms
4Bathrooms
2Garage · 8 parking
3000-3500Sq ft

About this home

In short

  • Discover a rare opportunity to own a distinguished 5-bedroom, 4-bath heritage home in the heart of historic Main Street Markham.
  • A chef's custom kitchen anchors the home, complemented by pot lights and built-in speakers that enhance both everyday living and entertaining.

Discover a rare opportunity to own a distinguished 5-bedroom, 4-bath heritage home in the heart of historic Main Street Markham. Located on a prime, oversized corner, this exceptional property seamlessly blends timeless character with modern versatility. Boasting generous principal rooms, elegant architectural details, and ample living space, this residence is ideal for families, professionals, or investors alike. A chef's custom kitchen anchors the home, complemented by pot lights and built-in speakers that enhance both everyday living and entertaining. The flexible layout offers endless possibilities-whether you envision a stunning private residence, a live-work setup, or a unique commercial venture. Extensively updated with permits, the home features improvements to electrical, windows, insulation, driveway, fresh paint, front and rear porches, and siding-offering peace of mind while preserving its historic charm. An insulated and heated garage with an EV charger adds modern convenience and year-round functionality. With highly sought-after dual residential and commercial zoning, the property provides incredible potential for offices, boutique retail, or service-based businesses-right in one of Markham's most vibrant and charming corridors. Situated steps from shops, restaurants, parks, and transit, this prime location offers unmatched convenience while maintaining the character of a heritage setting. A truly rare offering-own a piece of Main Street Markham history with exceptional flexibility and future potential.

Key facts

Property type
Detached, 2 1/2 Storey
MLS®
N13695850
Bedrooms
5+1 (6 total)
Bathrooms
4 (1 half)
Size
3000-3500 sq ft
Lot
130.12 × 121.21 ft
Cross streets
Main St N/Bullock Dr
Parking
2 garage · 8 parking (attached)
Driveway
Private
Basement
Half, Unfinished
Heating
Forced Air
A/C
Central Air, Wall Unit(s)
Exterior
Brick
Foundation
Stone
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$7,444 / 2025
Days on market
61
Listing brokerage
HOMELIFE/BAYVIEW REALTY INC.

Rooms

Bedroom 2Second3.72 × 2.93 m

hardwood floor · closet · ne view

KitchenMain4.69 × 4.32 m

ceramic floor · quartz counter · b/i appliances

Family RoomMain6.91 × 3.56 m

hardwood floor · brick fireplace · north view

Dining RoomMain4.47 × 2.87 m

hardwood floor · open concept · sw view

SunroomSecond3.11 × 3.06 m

hardwood floor · large window

Bedroom 4Second3.67 × 2.98 m

hardwood floor · closet · south view

OfficeThird2.95 × 2.92 m

laminate · east view

Bedroom 5Second3.79 × 3.17 m

hardwood floor · closet · north view

Primary BedroomSecond5.99 × 4.33 m

laminate · 5 pc ensuite · walk-in closet(s)

LoftThird9.46 × 4.78 m

laminate · open concept

Bedroom 3Second3.85 × 3.54 m

hardwood floor · closet · se view

Living RoomMain3.73 × 3.61 m

hardwood floor · brick fireplace · north view

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

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Neighbourhood & location

Old Markham Village, Markham, ON

CommuteTime from this home to where you spend your day

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Get the full neighbourhood report (schools, parks, transit & safety) →

Affordability & Mortgage

Affordability
$9,106/mo
$368KIncome needed
5.4×Price ÷ income
$2,101Weekly cost
$36,435Land transfer tax, one-time (Ontario)
20% down4.79%25-yr amortization

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.

94%mortgage
Mortgage $9,106Property tax $620Total carry $9,727

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

$
20.0%
$
%

Homes over $1.5M can't be insured, so 20% down or more is required.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$8,838per month

Mortgage amount $1,598,400 · 4.49% over 25 years

$399,600Down payment (20.0%)
$1,598,400Loan before insurance
$0CMHC premium
$9,458Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$8,838
Property tax
$620
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$9,458

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$36,435
Estimated closing costs
$36,435

Plus your down payment of $399,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$10,697/monthPayment at the qualifying rate

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

$1,052,948Total interest paid
$2,651,348Total of all payments
Principal $1,598,400 Interest $1,052,948
YearPrincipalInterestBalance
1$35,669$70,384$1,562,731
2$37,289$68,765$1,525,441
3$38,982$67,072$1,486,459
4$40,752$65,302$1,445,707
5$42,602$63,452$1,403,105
6$44,537$61,517$1,358,568
7$46,559$59,495$1,312,010
8$48,673$57,381$1,263,337
9$50,883$55,171$1,212,454
10$53,193$52,861$1,159,261
11$55,608$50,446$1,103,653
12$58,133$47,921$1,045,520
13$60,772$45,281$984,748
14$63,532$42,522$921,216
15$66,416$39,638$854,799
16$69,432$36,622$785,368
17$72,584$33,470$712,783
18$75,880$30,174$636,903
19$79,325$26,729$557,578
20$82,927$23,127$474,651
21$86,692$19,362$387,959
22$90,628$15,426$297,330
23$94,743$11,311$202,587
24$99,045$7,009$103,542
25$103,542$2,512$0

At the end of your 5-year term

Total paid over the term
$530,270
Principal paid down
$195,295
Interest paid
$334,975
Balance remaining
$1,403,105

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.

Let's connect

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

Rental yield
Estimate$6,300/mo
$75,600Gross annual rent
2.9%Cap rate after taxes and upkeep

Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.

Talk about the numbers

Estimates 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.

3.8%
Gross yield
− Property tax $7,444− Insurance $1,400− Vacancy & upkeep $8,316Net operating income $58,440

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE/BAYVIEW REALTY INC.. MLS®/PropTx.

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