21626 Highway 48 Road, East Gwillimbury, ON
Rural East Gwillimbury, East Gwillimbury · MLS® N13789368
About this home
In short
- The ultimate private retreat: 50.59 Acres of serenity & business potential.
- The generous family room offers ample space for gathering, while the partially finished basement provides excellent potential for additional living space.
- Convenient attached double-car garage for easy access, complemented by an additional detached 1.5-car garage, plenty of room for your vehicles & recreational toys.
- This property features a massive, 3,600 sq. ft. insulated & heated workshop that boasts a 14-foot tall garage door for easy entry of larger machinery.
- Only a 6-8 minute drive to Mount Albert, and just 15- 20 minutes away from major retail hubs.
The ultimate private retreat: 50.59 Acres of serenity & business potential. Discover the harmony of tranquil country living & entrepreneurial ambition. Tucked far back from the road and offering unparalleled privacy, this stunning estate is a rare find. Whether you are looking for a secluded family sanctuary, a hobbyist's paradise, or a professional workspace, this property delivers on every front. Cozy bungalow featuring two bedrooms & an eat-in kitchen. The generous family room offers ample space for gathering, while the partially finished basement provides excellent potential for additional living space. Convenient attached double-car garage for easy access, complemented by an additional detached 1.5-car garage, plenty of room for your vehicles & recreational toys. The workshop is a professional powerhouse. This property features a massive, 3,600 sq. ft. insulated & heated workshop that boasts a 14-foot tall garage door for easy entry of larger machinery. It offers two mezzanines that are perfect for office space or storage. The rough-in bathroom adds convenience & utility to your workday. A unique feature is the dual driveway layout, allowing you to separate business operations from your personal home. Embrace the great outdoors. Set against a backdrop of natural beauty, wander through your own private forest, listen to the sounds of the creek running through the land, or spend time hiking, fishing& hunting. For those seeking a quiet escape, the bunkie tucked deeper into the woods offers a serene hideaway.The location offers an escape from the city hustle without sacrificing a reasonable commuting distance. Just minutes away from Blackwater Golf Course and the vast trail systems of the Zephyr Tract. Only a 6-8 minute drive to Mount Albert, and just 15- 20 minutes away from major retail hubs. Newmarket - 15-20 minutes, Markham/ Richmond Hill approximately 35 minutes and downtown Toronto 50-60 minutes, depending on traffic. Some photos are digitally staged
Key facts
- Property type
- Detached, Bungalow
- MLS®
- N13789368
- Bedrooms
- 2+2 (4 total)
- Bathrooms
- 1
- Size
- 700-1100 sq ft
- Lot
- 659.5 × 3267.47 ft
- Cross streets
- Highway 48 and Holborn Road
- Parking
- 2 garage (attached)
- Basement
- Partially Finished, Full
- Heating
- Forced Air
- A/C
- None
- Exterior
- Aluminum Siding, Vinyl Siding
- Foundation
- Concrete Block
- Roof
- Metal
- Sewer
- Septic
- Property tax
- $9,486 / 2026
- Days on market
- 34
- Listing brokerage
- MARTIN GROUP
Rooms
No automatic estimate is shown here: there is not a deep enough record of recent sales of homes like this one in this neighbourhood to support one.
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For sale
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For saleNothing closely matching this home is listed nearby right now, so these are the nearest detached listings on the market.
Per square foot, these ask about $1,086/sqft; this home lists at $1,889/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesNeighbourhood & location
Rural East Gwillimbury, East Gwillimbury, ON
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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). East Gwillimbury.
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 20, 2026); conventional rates run a little higher.
Mortgage amount $1,360,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,520
- Property tax
- $791
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $8,310
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $30,475
- Estimated closing costs
- $30,475
Plus your down payment of $340,000. 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
- $451,180
- Principal paid down
- $166,167
- Interest paid
- $285,014
- Balance remaining
- $1,193,833
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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of MARTIN GROUP. MLS®/PropTx.