132 Morgan Avenue, Markham, ON
Thornhill, Markham · MLS® N13742780
About this home
In short
- Meticulously maintained, upgraded 5-level split home situated on a large corner lot in prestigious Thornhill.
- The bright and functional layout features generously sized rooms, including a spacious den that can easily be used as a 4th bedroom.
- The kitchen offers a convenient walk-out to the family room, complete with a cozy fireplace and views of the beautifully landscaped yard.
- The fully finished basement features a separate side entrance and a second kitchen, offering excellent flexibility for extended family, multi-generational living, or...
Meticulously maintained, upgraded 5-level split home situated on a large corner lot in prestigious Thornhill. Enjoy beautifully landscaped front and back yards, offering plenty of outdoor space and an ideal setting for entertaining and family gatherings. The bright and functional layout features generously sized rooms, including a spacious den that can easily be used as a 4th bedroom. The kitchen offers a convenient walk-out to the family room, complete with a cozy fireplace and views of the beautifully landscaped yard.The fully finished basement features a separate side entrance and a second kitchen, offering excellent flexibility for extended family, multi-generational living, or potential rental income. This versatile space provides an excellent opportunity to create a comfortable in-law suite or additional living quarters.A wonderful family home offering space, functionality, beautiful outdoor areas, and excellent potential, all in a highly desirable Thornhill location. A great opportunity you won't want to miss!
Key facts
- Property type
- Detached, Backsplit 5
- MLS®
- N13742780
- Bedrooms
- 3+2 (5 total)
- Bathrooms
- 3 (1 half)
- Size
- 1500-2000 sq ft
- Lot
- 50 × 137.28 ft
- Cross streets
- Clark & Henderson Ave
- Parking
- 1 garage · 5 parking (attached)
- Basement
- Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $5,854 / 2025
- Days on market
- 16
- Listing brokerage
- RE/MAX REALTRON REALTY INC.
Rooms
open concept · combined w/dining · large window
w/o to yard · w/o to patio · fireplace
hardwood floor · closet · window
hardwood floor · closet · window
open concept · combined w/living · fireplace
hardwood floor · closet · window
modern kitchen · centre island · side door
separate room · french doors · window
Listed at $1,375,000. Recent sales of homes like it put this one around $1.12M, so the ask is about 22% above what similar homes have sold for.
If it sells at this ask, expect about $1.28M, typically $1.23M to $1.33M: that is where homes here have closed against their asks in the last 90 days (5 closings).
The ask and what recent sales support disagree. When they differ this much, the asking price has been the closer guide about 87% of the time. Recent GTA homes first listed this far above their automated estimate sold at about 95% of the original ask, in a median 36 days, 26% of them after a price reduction (750 sales).
Total price vs nearby homes. Fair value about $1.12M, learned from recent GTA sales.
The market behind the math:
About 8.4 months of inventory: 14 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 $786/sqft against an area asking average of $1,013/sqft. Size and $/sqft both feed the estimate above.
- Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance. 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 9 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.18M. Condition and finishes remain an in-person call.
What the listing highlights3 points to weigh
Claims from the listing, worth confirming in person. I can book you a private showing.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
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 ($786/sqft) is below 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 9 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 $1.12M, which is where my estimate comes from.
Per square foot, these ask about $900/sqft; this home lists at $786/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: 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
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 $1,100,000 · 4.39% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $6,021
- Property tax
- $488
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $6,509
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $23,975
- Estimated closing costs
- $23,975
Plus your down payment of $275,000. 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
- $361,267
- Principal paid down
- $136,007
- Interest paid
- $225,260
- Balance remaining
- $963,993
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 $4,424 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,653. 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.