Thornlea · Markham
48 Lambert
Property detail
A two storey detached home on a quiet cul-de-sac in Thornlea, backing onto green space with no house behind it. Four bedrooms up, a finished lower level with a fifth bedroom and a full bath, a kitchen with a breakfast bar that walks out to the deck, and parking for six with a double garage.
- 4+1 Bedroom
- 4 Bath
- 2000-2500 Sq ft
- 6 Parking
Your agent
The property
- 49.21 × 114.83 ft lot
- Detached
- Finished
- Central Air
- Forced Air
- No maintenance fee
The photographs
The lot
Green behind the house, not another roof
The garden runs from the deck to a treeline at the back. The aerial shows what the ground level cannot: the trees carry on past the property rather than stopping at a fence.
Outside
The kitchen opens straight onto it
A raised deck off the breakfast area, looking into the trees rather than across at a neighbour.
Inside
A curved stair in the front hall
A curved staircase with a wrought iron rail, lit from the front door.
Inside
Kitchen, breakfast, and a family room with a fireplace
The kitchen has stainless appliances and a breakfast bar, and the breakfast area beside it walks out to the deck. The family room sits behind the living and dining rooms.
Room dimensions
- LaundryMain
- 2.68 × 2.62 m
- Dining RoomMain
- 3.57 × 3.14 m
- BreakfastMain
- 3.29 × 2.09 m
- Living RoomMain
- 6.52 × 3.57 m
- KitchenMain
- 3.46 × 3.29 m
- Family RoomMain
- 4.73 × 3.76 m
- Bedroom 2Second
- 3.61 × 3.27 m
- Primary BedroomSecond
- 7.31 × 3.56 m
- Bedroom 3Second
- 3.76 × 2.75 m
- Bedroom 4Second
- 3.76 × 3.06 m
- RecreationBasement
- 10.51 × 7.50 m
- BedroomBasement
- 5.55 × 3.29 m
Upstairs
Room for a chair at the end of the bed
A walk in closet and a four piece ensuite with a glass shower and a double vanity. Three more bedrooms share the upper floor.
The numbers
What it costs to hold
Freehold, so there is no maintenance fee. Property tax is the only fixed monthly carrying cost before a mortgage.
Down payment is the CMHC minimum for an owner-occupied purchase at this price. Figures exclude mortgage costs, land transfer tax and closing costs, and are illustrative rather than financial advice.
Downstairs
A finished lower level with its own bedroom and bath
A recreation area with pot lights, plus a fifth bedroom and a three piece bath, which is the part that makes this work for guests or family staying on.
The neighbourhood
Life around Thornlea
Moe’s take
The lot is the part of this one nobody can add later. Four bedrooms up and a finished lower level with its own bedroom and bath is a lot of usable room for a family that needs it, but the green behind the deck is what you are actually buying, and it is a short run to the 407 at Leslie.
Team Asgarian · RE/MAX Hallmark Realty Ltd.
We are proud to represent this home. Our team handles every detail, the marketing, the staging, and the showings. The best way to feel what makes it special is in person, so book a private showing and I will walk you through it myself.
Highlights
- Primary suite
- Hardwood floors
The detail
Price history and the 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.
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 8, 2026); conventional rates run a little higher.
Mortgage amount $1,463,200 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $8,090
- Property tax
- $756
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,846
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $33,055
- Estimated closing costs
- $33,055
Plus your down payment of $365,800. 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
- $485,417
- Principal paid down
- $178,776
- Interest paid
- $306,641
- Balance remaining
- $1,284,424
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
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersEstimates 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.
Come see it
Book a private viewing
Tell us when suits you and we will open the house. If you want the numbers run against your own down payment first, we will do that instead.