7 Albion Close, Markham, ON
Thornhill, Markham · MLS® N13732034
About this home
In short
- Rare 1-Acre Lot In The Heart Of Prime Thornhill-Markham.
- One Of The Largest Residential Lots In The Area, Privately Set On A Quiet Court With A Gated Entrance, South-Backing Ravine Setting & Exceptional Future Potential.
- Contemporary Residence Featuring Expansive Floor-To-Ceiling Windows, Soaring Ceilings, Hardwood Floors & Multiple Walkouts Overlooking Mature Trees, Terraced Gardens...
- Custom Gourmet Kitchen With High-End Appliances & Custom Millwork.
- Incredible Opportunity To Renovate, Reimagine Or Create A Future Custom Residence On An Exceptionally Rare Parcel.
Rare 1-Acre Lot In The Heart Of Prime Thornhill-Markham! One Of The Largest Residential Lots In The Area, Privately Set On A Quiet Court With A Gated Entrance, South-Backing Ravine Setting & Exceptional Future Potential. Contemporary Residence Featuring Expansive Floor-To-Ceiling Windows, Soaring Ceilings, Hardwood Floors & Multiple Walkouts Overlooking Mature Trees, Terraced Gardens, Patios & Walkways. Custom Gourmet Kitchen With High-End Appliances & Custom Millwork. 3-Car Garage With Circular Driveway. Includes 3 Full Kitchens. Incredible Opportunity To Renovate, Reimagine Or Create A Future Custom Residence On An Exceptionally Rare Parcel. Close To Bayview Golf & Country Club, Top Schools, Parks & Amenities.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13732034
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 5 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 145 × 286 ft
- Cross streets
- Yonge/ Elgin Street
- Parking
- 3 garage · 12 parking (attached)
- Driveway
- Circular Drive
- Basement
- Finished with Walk-Out, Finished
- Kitchens
- 3 (2 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Stone, Stucco (Plaster)
- Foundation
- Concrete
- Roof
- Flat
- Sewer
- Sewer
- Property tax
- $18,193 / 2025
- Days on market
- 19
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
hardwood floor · picture window · open concept
7 pc ensuite · overlooks backyard · w/o to deck
floor/ceil fireplace · overlooks backyard · w/o to deck
coffered ceiling(s) · b/i closet · w/o to deck
cathedral ceiling(s) · breakfast bar · w/o to deck
laminate · b/i bar · eat-in kitchen
w/o to garden · fireplace · combined w/kitchen
cathedral ceiling(s) · crown moulding · hardwood floor
pot lights · hardwood floor · open concept
closet · semi ensuite · window
french doors · semi ensuite · closet
w/o to balcony · double closet · hardwood floor
This is a rare parcel: about 0.95 acres. Comparable-sales math works on size and bedrooms, and here the lot is what is being sold, so no automatic estimate is shown.
Considering this property? Request a written price readIts public catchment (Thornhill SS) tests around the provincial average, a steady, family-friendly draw. The full EQAO breakdown is below.
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 $2.92M, which is where my estimate comes from.
Per square foot, these ask about $900/sqft; this home lists at $1,031/sqft. Size is part of the price story, not just the sticker.
The 5 closest 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: 11 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
Homes over $1.5M can't be insured, so 20% down or more is required.
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 $3,504,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $19,180
- Property tax
- $1,516
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $20,696
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $95,975
- Estimated closing costs
- $95,975
Plus your down payment of $876,000. 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
- $1,150,800
- Principal paid down
- $433,244
- Interest paid
- $717,556
- Balance remaining
- $3,070,756
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 9 whole-home leases in Thornhill signed at a median of $4,907 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $6,724. 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 RE/MAX REALTRON REALTY INC.. MLS®/PropTx.