39 James Parrott Avenue, Markham, ON

Wismer, Markham · MLS® N13773626

$1,299,800
For Sale
Listed 34 days agoNo offer date stated
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4+1Bedrooms
4Bathrooms
1Garage · 2 parking
2000-2500Sq ft

About this home

In short

  • Immaculate 4 Bedrooms Detached Home in High Demand Wismer area.
  • 2400 sq. ft. of Modern Living with 9ft.
  • Hardwood floor throughout.
  • Nicely Finished Basement with Bedroom, 3pc Washroom and Recreation Room (2021) and LEGAL SEPARATE ENTRANCE BY BUILDER.
  • Close to Mount Joy Go Station.

Immaculate 4 Bedrooms Detached Home in High Demand Wismer area. Approx. 2400 sq. ft. of Modern Living with 9ft. Ceiling on Main Floor. Lots of Pot Lights and Upgraded Lighting. Large Ceramic Tiles in Foyer, Kitchen and Breakfast Area. Modern Upscale Kitchen with Newer Stainless Steel Appliances (2021), Ceramic Backsplash, Under Cabinet Lighting, Breakfast Bar and Fotile Range Hood (2021). Hardwood floor throughout. Main Floor Laundry, Direct Garage Access. Nicely Finished Basement with Bedroom, 3pc Washroom and Recreation Room (2021) and LEGAL SEPARATE ENTRANCE BY BUILDER. Nice Relaxing Backyard Patio (2023) . Walking Distance to Wismer Public School, Top Ranking Bur Oak High School and Parks. Minutes to Restaurants, Super Market and Daily Amenities. Close to Mount Joy Go Station. Must See!!!

Key facts

Property type
Detached, 2-Storey
MLS®
N13773626
Bedrooms
4+1 (5 total)
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
Lot
36.19 × 87.57 ft
Cross streets
McCowan/16th Ave.
Parking
1 garage · 2 parking (built-in)
Basement
Separate Entrance, Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$6,548 / 2026
Days on market
34
Listing brokerage
HOMELIFE NEW WORLD REALTY INC.

Rooms

KitchenGround3.17 × 2.92 m

stainless steel appl · quartz counter · ceramic backsplash

RecreationBasement5.38 × 4.27 m

window · pot lights · laminate

Bedroom 4Second3.58 × 3.48 m

large window · b/i closet · hardwood floor

Bedroom 2Second3.80 × 3.52 m

large window · b/i closet · hardwood floor

Living RoomGround6.12 × 3.33 m

bay window · pot lights · hardwood floor

SittingBasement3.76 × 3.00 m

window · pot lights · laminate

BedroomBasement3.38 × 2.42 m

window · b/i closet · laminate

Family RoomGround4.55 × 3.94 m

gas fireplace · pot lights · hardwood floor

Primary BedroomSecond5.51 × 4.51 m

5 pc ensuite · walk-in closet(s) · closet organizers

Dining RoomGround6.12 × 3.33 m

combined w/living · pot lights · hardwood floor

BreakfastGround4.09 × 3.84 m

w/o to patio · large window · ceramic floor

Our TakeTeam Asgarian · Broker
Likely to sell near ask
$1.30Mlikely sale price

Listed at $1,299,800. Going by how homes in Wismer and the wider GTA have actually closed against their asking prices (about 100%, 18 local closings in 90 days), the likely sale price is near $1.30M, if it sells. A realistic range is $1.22M to $1.47M.

Independent value check: $1.31M. Without looking at the asking price, our model values the home itself in line with the ask (homes like it typically land between $1.23M and $1.37M).

Why $1.31M. The typical detached home sold in Wismer over the past year went for about $1.56M (75 sales). What sets this one apart:

  • ▼ Lowers itIt is 2,000 to 2,500 sq ft; the typical home sold here is 2,500 to 3,000.
  • ▼ Lowers it slightly1 garage and 2 total parking spaces, against 2 and 4 typically.
  • ▼ Lowers it slightlyIts tax bill, which follows the city's own assessment, is $6,548 a year; the typical home sold here pays about $6,800.
List price
$1.22MBelow recent closings$1.47MAbove recent closings

Total price vs nearby homes. Likely closing about $1.30M, from 18 recent closings in this pocket.

The market behind the math:

18sold nearby · 90 days
$1.34Mmedian sold price
104%of asking, on average
−17%prices vs a year ago
~17 dayshomes like this take to sell
34days on market so far
$3,620/moest. rent · 59 leases
3.3%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 2.2 months of inventory: 13 detached homes for sale in the area against 18 closings in the last 90 days. Under two months favours sellers, over four favours buyers.

This home
Below area avgAbove area avg

Price per square foot: this home lists at $578/sqft against an area asking average of $597/sqft.

  • Separate-entrance basement apartment features. A finished 1 bed basement apartment with a separate entrance. A self-contained space for extended family, guests or potential income. Basements do rent in Wismer: 15 of the 123 detached leases here lately were basement units, around $1,750 a month. That makes the suite real income. 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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.59M. 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
  • Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver

Based on 18 comparable homes that sold in Wismer over the past two years, from 149 closings there.

Sold 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.

Oct 25Sep 26

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
MonthMedian soldClosings
October 2025$1.50M121
November 2025$1.49M88
December 2025$1.44M72
January 2026$1.42M57
February 2026$1.43M69
March 2026$1.44M95
April 2026$1.39M116
May 2026$1.48M141
June 2026$1.46M147
July 2026$1.38M128
August 2026$1.49M136
September 2026$1.39M114

Neighbourhood & location

Wismer, 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.

Berczy
$1.70M
Markville
$1.00M
Angus Glen
$1.66M
Markham Village
$1.32M
Greensborough
$1.20M

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

Affordability
$5,924/mo
$246KIncome needed
5.3×Price ÷ income
$1,367Weekly cost
$22,471Land 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 $5,924Property tax $546Total carry $6,470

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%
$
%
4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 16, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$5,749per month

Mortgage amount $1,039,840 · 4.49% over 25 years

$259,960Down payment (20.0%)
$1,039,840Loan before insurance
$0CMHC premium
$6,295Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,749
Property tax
$546
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,295

Add your own property tax, condo fees, and heating on the left for a sharper total.

One-time closing costs

Ontario land transfer tax
$22,471
Estimated closing costs
$22,471

Plus your down payment of $259,960. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,959/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

$684,996Total interest paid
$1,724,836Total of all payments
Principal $1,039,840 Interest $684,996
YearPrincipalInterestBalance
1$23,205$45,789$1,016,635
2$24,258$44,735$992,377
3$25,360$43,634$967,017
4$26,511$42,482$940,506
5$27,715$41,278$912,791
6$28,973$40,020$883,817
7$30,289$38,705$853,529
8$31,664$37,329$821,864
9$33,102$35,892$788,763
10$34,605$34,389$754,158
11$36,176$32,818$717,982
12$37,818$31,175$680,164
13$39,536$29,458$640,628
14$41,331$27,663$599,297
15$43,207$25,786$556,090
16$45,169$23,824$510,921
17$47,220$21,774$463,701
18$49,364$19,630$414,338
19$51,605$17,388$362,733
20$53,948$15,045$308,784
21$56,398$12,596$252,387
22$58,958$10,035$193,428
23$61,635$7,358$131,793
24$64,434$4,560$67,359
25$67,359$1,634$0

At the end of your 5-year term

Total paid over the term
$344,967
Principal paid down
$127,049
Interest paid
$217,918
Balance remaining
$912,791

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
From 59 whole-home leases in Wismer$3,620/mo
$43,440Gross annual rent
2.4%Cap rate after taxes and upkeep
$3,439 to $3,889Typical rent range
~15 daysTo find a tenant, on average

The suite is real income here: basements rent in Wismer (15 of 123 recent detached leases were basement units, around $1,750 a month). The figure above is the whole house on one lease; rented as two units, the suite alone brings about $1,750 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 numbers

The last 59 whole-home leases in Wismer signed at a median of $3,772 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,620. 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.

3.3%
Gross yield
− Property tax $6,548− Insurance $1,400− Vacancy & upkeep $4,778Net operating income $30,714

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of HOMELIFE NEW WORLD REALTY INC.. MLS®/PropTx.

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