156 Landsdown Crescent, Markham, ON

Wismer, Markham · MLS® N13790674

$1,598,800
For Sale
Listed 30 days agoNo offer date statedSitting longer than typical
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4Bedrooms
4Bathrooms
2Garage · 4 parking
2500-3000Sq ft

About this home

In short

  • Original owners, beautifully maintained home with recent renovations, including hardwood floors in office, living, dining, and family room, upgraded silestone...
  • Tastefully decorated, 4 bedrooms, 4 washrooms, double car garage, very bright with 9' ceilings on main floor.
  • Premium 124 feet deep lot.
  • 3 pc rough in washroom and cooler room in basement.
  • Media/entertainment on 2nd floor, skylight.

Original owners, beautifully maintained home with recent renovations, including hardwood floors in office, living, dining, and family room, upgraded silestone countertops in kitchen, primary ensuite and powder room. Family friendly Wismer community, private and quiet street facing greenbelt. Tastefully decorated, 4 bedrooms, 4 washrooms, double car garage, very bright with 9' ceilings on main floor. Ample cabinetry and pantry in kitchen, custom backsplash. Walk out to a beautifully landscaped backyard with two patios. Premium 124 feet deep lot. Main floor laundry with access to garage. 3 pc rough in washroom and cooler room in basement. Media/entertainment on 2nd floor, skylight. Home with elegance, versatility, and comfort. Walking distance to schools, public transit, close to shops, mall, hospital, community centre, minutes to highway 404 and highway 407.

Key facts

Property type
Detached, 2-Storey
MLS®
N13790674
Bedrooms
4
Bathrooms
4 (1 half)
Size
2500-3000 sq ft
Lot
40.03 × 124.03 ft
Cross streets
MAJOR MACKENZIE & MCCOWAN
Parking
2 garage · 4 parking (attached)
Driveway
Private Double
Basement
Full, Unfinished
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Concrete, Concrete Block
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$7,545 / 2026
Days on market
30
Listing brokerage
CENTURY 21 LEADING EDGE REALTY INC.

Rooms

Dining RoomGround7.01 × 3.81 m

hardwood floor · open concept

KitchenGround3.96 × 2.16 m

ceramic floor · stone counters · custom backsplash

Primary BedroomSecond5.61 × 4.20 m

whirlpool · walk-in closet(s) · 4 pc ensuite

BreakfastGround4.20 × 3.06 m

ceramic floor · pantry · w/o to yard

Family RoomGround5.67 × 3.35 m

hardwood floor · gas fireplace

Bedroom 4Second4.27 × 3.96 m

Double Closet

OfficeGround3.53 × 2.37 m

hardwood floor · window · french doors

Living RoomGround7.01 × 3.81 m

hardwood floor · combined w/dining · pot lights

Bedroom 3Second3.99 × 3.35 m

semi ensuite · double closet

Media RoomSecond3.35 × 2.56 m

Combined w/Sitting

Bedroom 2Second3.66 × 3.35 m

semi ensuite · closet

Our TakeTeam Asgarian · Broker
Likely to sell near ask
$1.60Mlikely sale price

Listed at $1,598,800. 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 $1.60M, if it sells. A realistic range is $1.50M to $1.80M.

Independent value check: $1.47M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $1.38M and $1.54M).

Why $1.47M. The typical detached home sold in Wismer over the past year went for about $1.56M (75 sales). What sets this one apart:

  • ▲ Raises itIts tax bill, which follows the city's own assessment, is $7,545 a year; the typical home sold here pays about $6,800.
  • ▼ Lowers it slightlyThe listing presents it as a home to renovate or rebuild.

Longer on the market than typical. 30 days on the market against about 20 for homes like it here, and asking 9% above where comparable closings put it.

List price
$1.50MBelow recent closings$1.80MAbove recent closings

Total price vs nearby homes. Likely closing about $1.60M, 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
30days on market so far
$3,915/moest. rent · 47 leases
2.9%gross yield on the ask
Balanced market
Buyer's marketSeller's market

About 3.2 months of inventory: 19 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 $581/sqft against an area asking average of $579/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 18 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.64M. Condition and finishes remain an in-person call.

What the listing highlights3 points to weigh

Claims from the listing, worth confirming in person. I can book you a private showing.

  • Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
  • Primary suite: a key comfort and resale feature. Lifestyle
  • Hardwood floors: quality hardwood is durable and broadly desirable. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal

Priced above comparable homes overall, but the price per square foot ($581/sqft) is in line with the area, so you are paying for extra space rather than a premium.

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
Greensborough
$1.20M
Rural Markham
$2.40M
Markham Village
$1.33M

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
$7,287/mo
$301KIncome needed
5.3×Price ÷ income
$1,682Weekly cost
$28,451Land 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 $7,287Property tax $629Total carry $7,916

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.

4.49%
%
Live rate from Ratehub.ca

Conventional (20%+ down). Best insured 5-year fixed 4.34% via Ratehub.ca (as of October 17, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$7,072per month

Mortgage amount $1,279,040 · 4.49% over 25 years

$319,760Down payment (20.0%)
$1,279,040Loan before insurance
$0CMHC premium
$7,701Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$7,072
Property tax
$629
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$7,701

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

One-time closing costs

Ontario land transfer tax
$28,451
Estimated closing costs
$28,451

Plus your down payment of $319,760. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$8,560/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

$842,569Total interest paid
$2,121,609Total of all payments
Principal $1,279,040 Interest $842,569
YearPrincipalInterestBalance
1$28,543$56,322$1,250,497
2$29,839$55,026$1,220,659
3$31,193$53,671$1,189,465
4$32,610$52,255$1,156,855
5$34,090$50,774$1,122,765
6$35,638$49,226$1,087,127
7$37,256$47,608$1,049,870
8$38,948$45,916$1,010,922
9$40,716$44,148$970,206
10$42,565$42,299$927,641
11$44,498$40,367$883,143
12$46,518$38,346$836,625
13$48,630$36,234$787,995
14$50,838$34,026$737,157
15$53,146$31,718$684,011
16$55,559$29,305$628,451
17$58,082$26,782$570,369
18$60,719$24,145$509,650
19$63,476$21,388$446,174
20$66,358$18,506$379,816
21$69,371$15,493$310,445
22$72,521$12,344$237,924
23$75,814$9,051$162,110
24$79,256$5,609$82,854
25$82,854$2,010$0

At the end of your 5-year term

Total paid over the term
$424,322
Principal paid down
$156,275
Interest paid
$268,047
Balance remaining
$1,122,765

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 47 whole-home leases in Wismer$3,915/mo
$46,980Gross annual rent
2.1%Cap rate after taxes and upkeep
$3,719 to $4,111Typical rent range
~15 daysTo find a tenant, on average

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 47 whole-home leases in Wismer signed at a median of $3,789 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $3,915. 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.

2.9%
Gross yield
− Property tax $7,545− Insurance $1,400− Vacancy & upkeep $5,168Net operating income $32,867

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 LEADING EDGE REALTY INC.. MLS®/PropTx.

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