8 Lafayette Place, Markham, ON
Bayview Glen, Markham · MLS® N13765348
About this home
In short
- Located in the prestigious Bayview Glen community, this exceptional property sits on a rare half-acre pie-shaped lot on a quiet court, surrounded by multi-million...
- This spacious residence features: 5 generous bedrooms, Two primary suites, each with its own 4-piece ensuite, Main floor den - ideal for a home office, Functional...
Located in the prestigious Bayview Glen community, this exceptional property sits on a rare half-acre pie-shaped lot on a quiet court, surrounded by multi-million dollar custom homes.This spacious residence features: 5 generous bedrooms, Two primary suites, each with its own 4-piece ensuite, Main floor den - ideal for a home office, Functional layout with incredible renovation or rebuild potential, Separate Entrance to Basement, Enjoy the privacy and exclusivity of this sought-after neighbourhood, known for its large lots and luxury redevelopment opportunities .Whether you're looking to renovate, invest, or build your dream estate, this is a rare chance to secure a premium lot in one of the GTA's most desirable enclaves. Don't miss this incredible opportunity to live in Bayview Glen!
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13765348
- Bedrooms
- 5
- Bathrooms
- 5 (2 half)
- Size
- 2500-3000 sq ft
- Lot
- 104.48 × 192.61 ft
- Cross streets
- Steeles Ave & Laureleaf Rd
- Parking
- 2 garage · 10 parking (attached)
- Driveway
- Private Double
- Basement
- Finished, Separate Entrance
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Shingles
- Sewer
- Sewer
- Property tax
- $12,724 / 2025
- Days on market
- 39
- Listing brokerage
- PAUL ZAMMIT REAL ESTATE LTD.
Rooms
broadloom · closet
eat-in kitchen · ceramic floor
broadloom · closet
panelled · electric fireplace · laminate
panelled · laminate
laminate · pot lights
panelled · broadloom
broadloom · electric fireplace · w/o to patio
broadloom · closet
Ceramic Floor
4 pc ensuite · his and hers closets · broadloom
4 pc ensuite · broadloom · double closet
Listed at $2,788,000, about 42% above our estimate of $1.97M (homes like it typically land between $1.85M and $2.06M). A gap this wide is more often a limit of an automated estimate than a fact about the home, so treat the figure as a starting point, not a verdict.
Why $1.97M. The typical detached home sold in Bayview Glen over the past year went for about $2.67M (13 sales). What sets this one apart:
- ▼ Lowers it stronglyIts tax bill, which follows the city's own assessment, is $12,724 a year; the typical home sold here pays about $16,300.
- ▼ Lowers itIt is 2,500 to 3,000 sq ft; the typical home sold here is 3,500 to 5,000.
- ▼ Lowers it slightlyThe listing presents it as a home to renovate or rebuild.
Total price vs nearby homes. Fair value about $1.97M, learned from recent GTA sales.
The market behind the math:
About 7.5 months of inventory: 10 detached homes for sale in the area against 4 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $1,014/sqft against an area asking average of $1,105/sqft.
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 $2.12M. 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
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($1,014/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 Bayview Glen, so I widened the search to the surrounding area.
Based on 6 comparable homes that sold in Bayview Glen over the past two years, from 22 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 $2.75M, which is where my estimate comes from.
Per square foot, these ask about $802/sqft; this home lists at $1,014/sqft. Size is part of the price story, not just the sticker.
The 4 closest active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Markham: $1.39M in September 2026, down 3% from a year ago, on 1,284 closings in 12 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month. Markham as a whole: the neighbourhood alone has too few closings for a line of its own.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.50M | 121 |
| November 2025 | $1.49M | 88 |
| December 2025 | $1.44M | 72 |
| January 2026 | $1.42M | 57 |
| February 2026 | $1.43M | 69 |
| March 2026 | $1.44M | 95 |
| April 2026 | $1.39M | 116 |
| May 2026 | $1.48M | 141 |
| June 2026 | $1.46M | 147 |
| July 2026 | $1.38M | 128 |
| August 2026 | $1.49M | 136 |
| September 2026 | $1.39M | 114 |
Neighbourhood & location
Bayview Glen, 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) →
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 4.34% via Ratehub.ca (as of October 19, 2026); conventional rates run a little higher.
Mortgage amount $2,230,400 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $12,332
- Property tax
- $1,060
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $13,393
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $56,175
- Estimated closing costs
- $56,175
Plus your down payment of $557,600. 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
- $739,936
- Principal paid down
- $272,514
- Interest paid
- $467,422
- Balance remaining
- $1,957,886
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
About the suite: in Bayview Glen basements rarely rent out (1 of 23 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
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 8 whole-home leases in Bayview Glen signed at a median of $4,643 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,856. 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 PAUL ZAMMIT REAL ESTATE LTD.. MLS®/PropTx.