118 Village Gate Drive, Markham, ON
Cachet, Markham · MLS® N13804274
About this home
** Lucky Spiritual #118 ** Luxury Living In Prestigious Cachet Community * 4+2 Bedrooms * 7 Bathrooms * 9 Ft Ceiling * Crown Moulding * Carpet Free Home* (New Kitchen, New 5 Bathrooms, New Tile Floor, New Zebra Blinds, All New Main Floor Appliances In 2025) Bright Open-Concept Layout * Updated Flooring Throughout Main * Elegant Dining Room With Cathedral Ceiling * Spacious Family Room With Gas Fireplace * Main Floor Office Perfect For Working From Home * Staircase Featuring Modern Metal Railings * Skylight On Second Floor For Natural Light * Every bedroom with a Renovated Ensuite Bathroom * Primary Retreat Featuring Brand New 7Pc Ensuite & Walk-In Closet * Separate Entrance To 2 Bedroom Basement In-Law Suite with Separate Laundry Room Perfect for Multi Generational Families * Pot Lights Throughout * 3 Car Garage & Parking For 9 Vehicles * Patterned Concrete Driveway* Located Close To Top-Rated Schools, Parks, Shopping, Transit & Major Highways * Exceptional Opportunity In One Of Markham's Most Sought-After Neighbourhoods. Furnace (4yrs)
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13804274
- Bedrooms
- 4+2 (6 total)
- Bathrooms
- 7 (1 half)
- Size
- 3500-5000 sq ft
- Lot
- 61.62 × 147 ft
- Cross streets
- Woodbine/ Major Mackenzie
- Parking
- 3 garage · 9 parking (attached)
- Driveway
- Private
- Basement
- Separate Entrance, Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Unknown
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $11,138 / 2026
- Days on market
- 27
- Listing brokerage
- CENTURY 21 PERCY FULTON LTD.
Rooms
Laminate
hardwood floor · pot lights · crown moulding
hardwood floor · gas fireplace · california shutters
ceramic floor · pot lights · california shutters
hardwood floor · walk-in closet(s) · 7 pc ensuite
hardwood floor · closet · 4 pc ensuite
ceramic floor · quartz counter · pot lights
hardwood floor · pot lights
laminate · closet · 4 pc bath
hardwood floor · pot lights · cathedral ceiling(s)
laminate · closet · 4 pc bath
hardwood floor · double closet · 4 pc ensuite
laminate · pot lights
hardwood floor · walk-in closet(s) · 4 pc ensuite
Laminate
Laminate
Listed at $2,555,000. Going by how homes in Cachet and the wider GTA have actually closed against their asking prices (about 98%, 12 local closings in 90 days), the likely sale price is near $2.50M, if it sells. A realistic range is $2.34M to $2.82M.
Independent value check: $2.35M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $2.20M and $2.46M).
Why $2.35M. The typical detached home sold in Cachet over the past year went for about $2.03M (41 sales). What sets this one apart:
- ▲ Raises it4+2 bedrooms and 7 baths, against 4+1 and 5 typically.
- ▲ Raises itIt is 3,500 to 5,000 sq ft; the typical home sold here is 3,000 to 3,500.
- ▲ Raises it3 garage and 9 total parking spaces, against 2 and 6 typically.
- ▲ Raises it slightlyIts tax bill, which follows the city's own assessment, is $11,138 a year; the typical home sold here pays about $10,100.
Total price vs nearby homes. Likely closing about $2.50M, from 12 recent closings in this pocket.
The market behind the math:
About 2.3 months of inventory: 9 detached homes for sale in the area against 12 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $601/sqft against an area asking average of $654/sqft.
- Separate-entrance basement apartment features. A finished 2 bed basement apartment with a separate entrance and a second kitchen. A self-contained space for extended family, guests or potential income. In Cachet basements rarely rent out (2 of 45 recent detached leases were basement units), so buyers here treat a suite as family or nanny space rather than income. Value it for the living space, not the rent. 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 12 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $2.30M. Condition and finishes remain an in-person call.
What the listing highlights5 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
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Tall ceilings: they transform how a home feels, worth confirming the actual heights room to room. Worth verifying
- Primary suite: a key comfort and resale feature. Lifestyle
- Open-concept layout: modern, sought-after flow. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($601/sqft) is below the area, so you are paying for extra space rather than a premium.
The listing states size as a wide range, so the size adjustment is approximate and this estimate is a rough read. I can confirm exact square footage to tighten it.
There were not many closely comparable homes right in Cachet, so I widened the search to the surrounding area.
Based on 12 comparable homes that sold in Cachet over the past two years, from 87 closings there.
The closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $590/sqft; this home lists at $601/sqft. Size is part of the price story, not just the sticker.
The 3 closest active listings nearby.
See all comparable homesSold 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.
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
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.50M | 121 |
| November 2025 | $1.49M | 88 |
| December 2025 | $1.44M | 72 |
| January 2026 | $1.42M | 57 |
| February 2026 | $1.43M | 69 |
| March 2026 | $1.44M | 95 |
| April 2026 | $1.39M | 116 |
| May 2026 | $1.48M | 141 |
| June 2026 | $1.46M | 147 |
| July 2026 | $1.38M | 128 |
| August 2026 | $1.49M | 136 |
| September 2026 | $1.39M | 114 |
Neighbourhood & location
Cachet, Markham, ON
Enter a workplace or destination and we’ll show the door-to-door time by car, transit and bike.
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). Markham.
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 16, 2026); conventional rates run a little higher.
Mortgage amount $2,044,000 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $11,302
- Property tax
- $928
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $12,230
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $50,350
- Estimated closing costs
- $50,350
Plus your down payment of $511,000. 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
- $678,098
- Principal paid down
- $249,739
- Interest paid
- $428,359
- Balance remaining
- $1,794,261
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
About the suite: in Cachet basements rarely rent out (2 of 45 recent detached leases were basement units), so the figure above does not count it as income. Buyers here use a suite as family or nanny space.
Thinking of this home as an investment? We will pull real comparable rents and run the full numbers with you.
Talk about the numbersThe last 16 whole-home leases in Cachet signed at a median of $4,538 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,971. 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.
Helpful resources
All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of CENTURY 21 PERCY FULTON LTD.. MLS®/PropTx.