56 Apricot Street, Markham, ON

Bayview Glen, Markham · MLS® N13823478

$1,449,888
For Sale
Listed 26 days agoNo offer date stated
3+2Bedrooms
3Bathrooms
2Garage · 6 parking
1100-1500Sq ft

About this home

In short

  • 56 Apricot Street - Prime Laureleaf Opportunity Situated On A 50 By 150 Foot Lot In The Heart Of Markham's Prestigious Laureleaf Community, This Custom Built Bungalow...
  • Surrounded By Newly Built Multi Million Dollar Homes And Quiet, Mature Streets, This Address Offers Long Term Value And Exceptional Potential.
  • Built In 1972 And Offered For Sale For The First Time, The Home Features Solid Construction, Generous Room Sizes, And Excellent Bones.
  • It's An Ideal Canvas For A Designer Led Renovation Or A Complete Rebuild, Allowing You To Shape The Property To Your Vision.
  • The Walk Out Basement With A Separate Entrance Provides Natural Flexibility For A Secondary Suite, Multi Generational Living, Or A Private Workspace.

***56 Apricot Street - Prime Laureleaf Opportunity*** Situated On A 50 By 150 Foot Lot In The Heart Of Markham's Prestigious Laureleaf Community, This Custom Built Bungalow Presents A Rare Chance To Secure A Premium Property In One Of The Area's Most Established Estate Neighbourhoods. Surrounded By Newly Built Multi Million Dollar Homes And Quiet, Mature Streets, This Address Offers Long Term Value And Exceptional Potential. Built In 1972 And Offered For Sale For The First Time, The Home Features Solid Construction, Generous Room Sizes, And Excellent Bones. It's An Ideal Canvas For A Designer Led Renovation Or A Complete Rebuild, Allowing You To Shape The Property To Your Vision. The Walk Out Basement With A Separate Entrance Provides Natural Flexibility For A Secondary Suite, Multi Generational Living, Or A Private Workspace. Laureleaf Is Known For Its Large Lots, Peaceful Setting, And Proximity To Top Amenities. Convenient Access To Bayview Avenue, Highway 404, And Highway 407 Makes Commuting Simple. Nearby Destinations Include Thornhill Community Centre, Loblaws, Longo's, Markville Mall, And A Wide Selection Of Parks, Trails, And Recreation Options. Families Will Appreciate The Close Proximity To Highly Regarded Schools Such As St. Robert CHS, Bayview Glen PS, And Several Strong Public And Private Choices. With Its Prime Location, Deep Lot, And Strong Surrounding Property Values, 56 Apricot Street Offers An Outstanding Opportunity To Create A Signature Home In One Of Markham's Most Desirable Luxury Pockets.

Key facts

Property type
Detached, Bungalow
MLS®
N13823478
Bedrooms
3+2 (5 total)
Bathrooms
3 (1 half)
Size
1100-1500 sq ft
Lot
50 × 150 ft
Cross streets
Bayview Ave and Steeles Ave E
Parking
2 garage · 6 parking (built-in)
Driveway
Private Double
Basement
Finished with Walk-Out, Separate Entrance
Kitchens
2 (1 + 1)
Heating
Forced Air
A/C
Central Air
Exterior
Brick
Foundation
Unknown
Roof
Asphalt Shingle
Sewer
Sewer
Property tax
$7,668 / 2025
Days on market
26
Listing brokerage
ROYAL LEPAGE SIGNATURE REALTY

Rooms

Primary BedroomMain4.01 × 3.61 m

hardwood floor · double closet · 2 pc ensuite

Bedroom 3Main3.64 × 2.85 m

hardwood floor · closet · window

Cold Room/CantinaBasement6.49 × 1.42 m

concrete floor · b/i shelves · above grade window

Dining RoomMain3.64 × 3.04 m

hardwood floor · formal rm · window

Bedroom 5Basement3.96 × 2.60 m

laminate · closet · above grade window

Bedroom 2Main3.75 × 3.33 m

hardwood floor · closet · window

KitchenMain5.00 × 4.48 m

ceramic floor · backsplash · skylight

KitchenBasement5.79 × 2.97 m

ceramic floor · window · eat-in kitchen

BreakfastMain4.48 × 2.88 m

ceramic floor · combined w/kitchen · w/o to deck

LaundryMain3.04 × 2.88 m

ceramic floor · access to garage · window

RecreationBasement7.60 × 7.51 m

laminate · b/i bar · w/o to yard

Utility RoomBasement4.03 × 2.85 m

concrete floor · laundry sink · above grade window

Family RoomMain4.82 × 3.99 m

hardwood floor · california shutters · separate room

Bedroom 4Basement6.27 × 4.29 m

laminate · double closet · above grade window

Our TakeTeam Asgarian · Broker
No automatic estimate

No automatic estimate is shown here: there are not enough closely comparable recent sales nearby to support one.

Considering this property? Request a written price read

Neighbourhood & location

Bayview Glen, Markham, ON

CommuteTime from this home to where you spend your day

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Affordability & Mortgage

Affordability
$6,608/mo
$276KIncome needed
5.3×Price ÷ income
$1,525Weekly cost
$25,473Land 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.

91%mortgage
Mortgage $6,608Property tax $639Total carry $7,247

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 20, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$6,413per month

Mortgage amount $1,159,910 · 4.49% over 25 years

$289,978Down payment (20.0%)
$1,159,910Loan before insurance
$0CMHC premium
$7,052Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$6,413
Property tax
$639
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$7,052

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

One-time closing costs

Ontario land transfer tax
$25,473
Estimated closing costs
$25,473

Plus your down payment of $289,978. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$7,762/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

$764,093Total interest paid
$1,924,003Total of all payments
Principal $1,159,910 Interest $764,093
YearPrincipalInterestBalance
1$25,884$51,076$1,134,026
2$27,060$49,901$1,106,967
3$28,288$48,672$1,078,679
4$29,573$47,388$1,049,106
5$30,915$46,045$1,018,191
6$32,319$44,641$985,872
7$33,786$43,174$952,086
8$35,320$41,640$916,765
9$36,924$40,036$879,841
10$38,601$38,360$841,241
11$40,353$36,607$800,888
12$42,185$34,775$758,702
13$44,101$32,859$714,601
14$46,103$30,857$668,498
15$48,196$28,764$620,302
16$50,385$26,575$569,917
17$52,672$24,288$517,245
18$55,064$21,896$462,181
19$57,564$19,396$404,617
20$60,178$16,783$344,440
21$62,910$14,050$281,530
22$65,766$11,194$215,764
23$68,752$8,208$147,011
24$71,874$5,086$75,137
25$75,137$1,823$0

At the end of your 5-year term

Total paid over the term
$384,801
Principal paid down
$141,720
Interest paid
$243,081
Balance remaining
$1,018,191

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$2,300/mo
$27,600Gross annual rent
1.1%Cap rate after taxes and upkeep

Income potential: the basement has a separate entrance, which often supports a rentable in-law or second suite. That can lift real rent well above the figure above and help carry the mortgage. Ask us about permitted use in this area.

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.

1.9%
Gross yield
− Property tax $7,668− Insurance $1,400− Vacancy & upkeep $3,036Net operating income $15,496

All information deemed reliable but not guaranteed. For personal, non-commercial use only. Listing courtesy of ROYAL LEPAGE SIGNATURE REALTY. MLS®/PropTx.

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