140 Reeve Drive, Markham, ON
Markham Village, Markham · MLS® N13838976
About this home
In short
- Set On A 53 ft Wide Premium Lot With A Double Garage.
- The Main Level Features Bright Open-Concept Living And Dining Areas, A Separate Family Room, And A Beautifully Renovated Kitchen With Upgraded Cabinetry.
- Upstairs Offers 4 Spacious Bedrooms And 3 Bathrooms, Including A 5-Piece Primary Ensuite, Rare Private Ensuite In The Third Bedroom, And Updated Main Bath.
- The Finished Basement Provides Added Versatility With Upgraded Flooring, Rough-In For A Kitchenette, And Space For Recreation Or Extended Family Living.
- Close To Markham Village, GO Train, Transit, Hwy 407, Library, Trails, Parks, Morgan Pool, Arenas, Centennial, Cornell, and Aaniin Community Centres.
Welcome To An Exceptional Family Home On A Rarely Offered, Tree-Lined Street In One Of Markham's Most Desirable Neighbourhoods. Set On A 53 ft Wide Premium Lot With A Double Garage. This Home Offers Outstanding Curb Appeal, A Practical Layout, And Generous Space For Everyday Living And Entertaining. The Main Level Features Bright Open-Concept Living And Dining Areas, A Separate Family Room, And A Beautifully Renovated Kitchen With Upgraded Cabinetry. The Showpiece Is The Stunning Solarium With Floor-To-Ceiling Windows And Walk-Out To A Mature Treed Yard, Creating A Peaceful, Forest-Like Retreat In Every Season. Upstairs Offers 4 Spacious Bedrooms And 3 Bathrooms, Including A 5-Piece Primary Ensuite, Rare Private Ensuite In The Third Bedroom, And Updated Main Bath. The Finished Basement Provides Added Versatility With Upgraded Flooring, Rough-In For A Kitchenette, And Space For Recreation Or Extended Family Living. Additional Rough-Ins For A Hot Tub, Built-In Speakers, And Gas BBQ Line Offer Excellent Future Potential. Close To Markham Village, GO Train, Transit, Hwy 407, Library, Trails, Parks, Morgan Pool, Arenas, Centennial, Cornell, and Aaniin Community Centres. A Beautifully Maintained Home Offering Charm, Space, And Markham Stouffville Hospital Convenience.
Key facts
- Property type
- Detached, 2-Storey
- MLS®
- N13838976
- Bedrooms
- 4
- Bathrooms
- 5 (2 half)
- Size
- 2500-3000 sq ft
- Lot
- 53.15 × 105 ft
- Cross streets
- Markham Rd & Hwy 7
- Parking
- 2 garage · 6 parking (attached)
- Basement
- Finished
- Kitchens
- 2 (1 + 1)
- Heating
- Forced Air
- A/C
- Central Air
- Exterior
- Brick
- Foundation
- Concrete
- Roof
- Asphalt Shingle
- Sewer
- Sewer
- Property tax
- $6,752 / 2026
- Days on market
- 16
- Listing brokerage
- ANJIA REALTY
Rooms
pot lights · gas fireplace · 2 pc bath
double closet · 4 pc ensuite · hardwood floor
centre island · marble floor · stainless steel appl
combined w/dining · bay window · hardwood floor
window floor to ceiling · w/o to yard · tile floor
closet · overlooks backyard · hardwood floor
combined w/living · crown moulding · hardwood floor
closet · hardwood floor · crown moulding
closet · 4 pc ensuite · hardwood floor
gas fireplace · hardwood floor · b/i shelves
Listed at $1,647,000. Going by how homes in Markham Village and the wider GTA have actually closed against their asking prices (about 98%, 22 local closings in 90 days), the likely sale price is near $1.61M, if it sells. A realistic range is $1.51M to $1.82M.
Independent value check: $1.51M. Without looking at the asking price, our model values the home itself about 8% below the ask (homes like it typically land between $1.41M and $1.58M).
Why $1.51M. The typical detached home sold in Markham Village over the past year went for about $1.26M (94 sales). What sets this one apart:
- ▲ Raises it stronglyIts tax bill, which follows the city's own assessment, is $6,752 a year; the typical home sold here pays about $5,800.
- ▲ Raises itThe listing describes it as fully renovated or newly built.
- ▲ Raises itIt is 2,500 to 3,000 sq ft; the typical home sold here is 2,000 to 2,500.
- ▲ Raises it slightly4 bedrooms and 5 baths, against 4+1 and 4 typically.
Total price vs nearby homes. Likely closing about $1.61M, from 22 recent closings in this pocket.
The market behind the math:
About 1.1 months of inventory: 8 detached homes for sale in the area against 22 closings in the last 90 days. Under two months favours sellers, over four favours buyers.
Price per square foot: this home lists at $599/sqft against an area asking average of $667/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 22 most comparable recent sales on their own, adjusted for size, beds, baths and lot, point to about $1.47M. 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.
- Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
- Renovated / rebuilt: recent work can mean fewer upfront costs, worth confirming the scope, quality, and that permits were pulled. Value driver
- Pool: lifestyle appeal, but adds maintenance, insurance, and resale is mixed. Weigh carefully
- Premium lot / gardens: lot size and privacy hold value and cannot be changed, verify frontage, depth, and any easements. Value driver
- Primary suite: a key comfort and resale feature. Lifestyle
Read this with carewhy it’s an estimate, not an appraisal
Priced above comparable homes overall, but the price per square foot ($599/sqft) is below the area, so you are paying for extra space rather than a premium.
Based on 22 comparable homes that sold in Markham Village over the past two years, from 167 closings there.
For sale
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For saleThe closest active listings by size, beds, and price, so you can see what this home is up against.
Per square foot, these ask about $617/sqft; this home lists at $599/sqft. Size is part of the price story, not just the sticker.
The 5 closest of 8 active listings nearby.
See all comparable homesSold price trend
Median sold price for detached homes in Markham Village: $1.14M in September 2026, down 7% from a year ago, on 91 closings in 10 months.
Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.
Month by month
| Month | Median sold | Closings |
|---|---|---|
| October 2025 | $1.22M | 10 |
| November 2025 | $1.38M | 11 |
| December 2025 | $1.27M | 6 |
| February 2026 | $1.38M | 7 |
| March 2026 | $1.26M | 10 |
| April 2026 | $1.25M | 9 |
| May 2026 | $1.60M | 11 |
| June 2026 | $1.08M | 9 |
| August 2026 | $1.22M | 10 |
| September 2026 | $1.14M | 8 |
Neighbourhood & location
Markham Village, 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 $1,317,600 · 4.49% over 25 years
Total monthly cost
- Mortgage payment (monthly equivalent)
- $7,285
- Property tax
- $563
- Condo / maintenance fees
- $0
- Heating
- $0
- Estimated monthly cost
- $7,848
Add your own property tax, condo fees, and heating on the left for a sharper total.
One-time closing costs
- Ontario land transfer tax
- $29,415
- Estimated closing costs
- $29,415
Plus your down payment of $329,400. 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
- $437,114
- Principal paid down
- $160,986
- Interest paid
- $276,128
- Balance remaining
- $1,156,614
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 numbersThe last 17 whole-home leases in Markham Village signed at a median of $4,429 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,712. 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 ANJIA REALTY. MLS®/PropTx.