★ Listed & marketed by Team Asgarian

48 Lambert Road, Markham, ON

Thornlea, Markham · MLS® N13765822

$1,829,000
For Sale
Just listed todayNo offer date stated
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4+1Bedrooms
4Bathrooms
2Garage · 6 parking
2000-2500Sq ft

About this home

In short

  • Rarely offered park-backing detached residence tucked away on a quiet cul-de-sac in one of Thornlea / Bayview Glen's most coveted enclaves.
  • The main level offers gracious principal rooms with hardwood flooring, pot lights, and a warm family space with fireplace.
  • The upper level hosts four well-proportioned bedrooms, highlighted by a serene primary retreat with walk-in closet and ensuite.

Rarely offered park-backing detached residence tucked away on a quiet cul-de-sac in one of Thornlea / Bayview Glen's most coveted enclaves. Set on a premium, private lot with unobstructed green views, this beautifully upgraded home delivers a refined balance of elegance, comfort, and privacy.The main level offers gracious principal rooms with hardwood flooring, pot lights, and a warm family space with fireplace. The thoughtfully updated kitchen features stainless steel appliances, breakfast bar, and walk-out to a deck overlooking the tranquil park setting-ideal for seamless indoor-outdoor living.The upper level hosts four well-proportioned bedrooms, highlighted by a serene primary retreat with walk-in closet and ensuite. A professionally finished lower level provides additional living space with bedroom, full bath, and expansive recreation area-ideal for guests or extended family.Extensively maintained with key mechanical updates. Ideally positioned near top-tier schools, major highways, transit, and everyday amenities. A truly exclusive offering combining location, privacy, and long-term value in one of York Region's most prestigious school districts.

Key facts

Property type
Detached, 2-Storey
MLS®
N13765822
Bedrooms
4+1 (5 total)
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
Lot
49.21 × 114.83 ft
Cross streets
Highway 407 & Leslie st
Parking
2 garage · 6 parking (attached)
Driveway
Private Double
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Other
Roof
Other
Sewer
Sewer
Property tax
$9,069 / 2025
Listing brokerage
RE/MAX HALLMARK REALTY LTD.

Rooms

RecreationBasement10.51 × 7.50 m

Pot Lights

LaundryMain2.68 × 2.62 m

Laundry Sink

Bedroom 2Second3.61 × 3.27 m

hardwood floor · closet · window

Dining RoomMain3.57 × 3.14 m

hardwood floor · window · combined w/living

Primary BedroomSecond7.31 × 3.56 m

hardwood floor · 4 pc ensuite · walk-in closet(s)

Bedroom 3Second3.76 × 2.75 m

hardwood floor · closet · window

BreakfastMain3.29 × 2.09 m

w/o to deck · window

Bedroom 4Second3.76 × 3.06 m

hardwood floor · closet · window

BedroomBasement5.55 × 3.29 m

3 pc bath · pot lights

Living RoomMain6.52 × 3.57 m

hardwood floor · window · combined w/dining

KitchenMain3.46 × 3.29 m

stainless steel appl · breakfast bar

Family RoomMain4.73 × 3.76 m

hardwood floor · fireplace · pot lights

From MoeTeam Asgarian · Listing broker

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.

Our market read
$1.48Mest. value

Listed at $1,829,000. The 35 most comparable recent sales in Thornlea, each adjusted to this home, put it around $1.48M, with a typical range of $1.41M to $1.62M. Ask me for the full comparison and I will walk you through every one.

List price
$1.41MBelow recent closings$1.83MAbove recent closings

Total price vs nearby homes. Fair value about $1.48M, median of 35 comparables.

Highlights

  • Primary suite
  • Hardwood floors

Neighbourhood & location

Thornlea, Markham, ON

CommuteTime from this home to where you spend your day

Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.

Nearby neighbourhoods

How asking prices compare in the closest areas to this home. Longer bars mean a pricier market.

Aileen-Willowbrook
$1.96M
Bayview Glen
$3.45M
Thornhill
$3.25M
Grandview
$1.88M
Cachet
$2.52M

Typical asking price of active listings of the same type, per area (outliers removed). Markham.

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

Schools & catchmentAssigned attendance-boundary schools, with EQAO results

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.

Street view near Bayview Glen PS
86%
Bayview Glen PSPublic · Elementary · JK-6 · 2.3 km awayHigher-rated than most nearby · 86% meet the provincial standard
St. RobertEQAO results not published
Also nearby: 8 more schools within 2.5 km
Willowbrook Public School · Public elementary0.8 km · 79% at standard
St Robert Catholic High School · Catholic secondary0.8 km · 94% at standard
Bayview Fairways Public School · Public elementary1.5 km · 91% at standard
Johnsview Village Public School · Public elementary1.7 km · 84% at standard
Stornoway Crescent Public School · Public elementary1.8 km
Adrienne Clarkson Public School · Public elementary2.0 km · 89% at standard
Woodland Public School · Public elementary2.1 km · 96% at standard
St Anthony Catholic Elementary School · Catholic elementary2.1 km · 88% at standard

Not the assigned catchment: schools a family here could reach, with EQAO results where published.

Affordability & Mortgage

Affordability
$8,336/mo
$345KIncome needed
5.3×Price ÷ income
$1,924Weekly cost
$33,055Land 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.

92%mortgage
Mortgage $8,336Property tax $756Total carry $9,092

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.

4.24%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.09% via Ratehub.ca (as of September 10, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$7,888per month

Mortgage amount $1,463,200 · 4.24% over 25 years

$365,800Down payment (20.0%)
$1,463,200Loan before insurance
$0CMHC premium
$8,644Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7,888
Property tax
$756
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$8,644

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

6.24%Qualifying rate
$9,571/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

$903,283Total interest paid
$2,366,483Total of all payments
Principal $1,463,200 Interest $903,283
YearPrincipalInterestBalance
1$33,807$60,852$1,429,393
2$35,256$59,404$1,394,137
3$36,766$57,893$1,357,371
4$38,342$56,318$1,319,030
5$39,985$54,675$1,279,045
6$41,698$52,961$1,237,347
7$43,485$51,175$1,193,862
8$45,348$49,311$1,148,514
9$47,291$47,368$1,101,223
10$49,317$45,342$1,051,906
11$51,431$43,229$1,000,475
12$53,634$41,025$946,841
13$55,933$38,727$890,908
14$58,329$36,330$832,579
15$60,829$33,831$771,750
16$63,435$31,224$708,315
17$66,153$28,506$642,161
18$68,988$25,671$573,173
19$71,944$22,715$501,229
20$75,027$19,632$426,202
21$78,242$16,418$347,961
22$81,594$13,065$266,366
23$85,091$9,569$181,276
24$88,737$5,923$92,539
25$92,539$2,120$0

At the end of your 5-year term

Total paid over the term
$473,297
Principal paid down
$184,155
Interest paid
$289,141
Balance remaining
$1,279,045

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$4,200/mo
$50,400Gross annual rent
1.9%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.

2.8%
Gross yield
− Property tax $9,069− Insurance $1,400− Vacancy & upkeep $5,544Net operating income $34,387

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listed & marketed by Team Asgarian. MLS®/PropTx.

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