38 Sir Galahad Place, Markham, ON

Markham Village, Markham · MLS® N13858608

$1,288,000
For Sale
Listed 12 days agoNo offer date stated
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4+1Bedrooms
4Bathrooms
2Garage · 6 parking
2000-2500Sq ft

About this home

In short

  • Welcome To This Beautifully Upgraded Detached Home Located On A Large Corner Lot, Featuring A Double Car Garage And A Bright And Efficient Layout With Open Living And...
  • The Second Floor Includes 4 Generous Bedrooms.
  • Finished Basement Adds Exceptional Living Space With A Large Recreation Room, Wet Bar, Office, And A 3pc Bathroom.
  • Close To Parks, Schools, Restaurants, Shops, Hospital And More.

Welcome To This Beautifully Upgraded Detached Home Located On A Large Corner Lot, Featuring A Double Car Garage And A Bright And Efficient Layout With Open Living And Dining Room Overlooking The Yard. The Spacious Modern Kitchen Offers Stainless Steel Built-in Appliances, Custom Backsplash And Breakfast Bar. Cozy Family Room Provides An Inviting Space For Everyday Comfort And Walks Out To The Deck. The Home Showcases Newer Modern Bathrooms With Upgraded Vanities, Designer Mirrors, And Glass Showers. The Second Floor Includes 4 Generous Bedrooms. Finished Basement Adds Exceptional Living Space With A Large Recreation Room, Wet Bar, Office, And A 3pc Bathroom. Close To Parks, Schools, Restaurants, Shops, Hospital And More.

Key facts

Property type
Detached, 2-Storey
MLS®
N13858608
Bedrooms
4+1 (5 total)
Bathrooms
4 (1 half)
Size
2000-2500 sq ft
Lot
61.66 × 105.73 ft
Cross streets
Hwy 7/Markham Rd
Parking
2 garage · 6 parking (attached)
Basement
Finished
Heating
Forced Air
A/C
Central Air
Exterior
Brick, Vinyl Siding
Foundation
Unknown
Roof
Unknown
Sewer
Sewer
Property tax
$6,564 / 2026
Days on market
12
Listing brokerage
SUPERSTARS REALTY LTD.

Rooms

KitchenGround4.56 × 3.10 m

stainless steel appl · backsplash · breakfast bar

OfficeBasement3.99 × 2.96 m

Window

Living RoomGround5.33 × 3.78 m

large window · overlooks frontyard · combined w/dining

Family RoomGround4.06 × 3.95 m

fireplace · open concept · w/o to deck

Primary BedroomSecond4.99 × 3.91 m

3 pc ensuite · walk-in closet(s) · large window

Bedroom 4Second4.19 × 2.87 m

b/i closet · large window

Bedroom 3Second4.09 × 3.91 m

b/i closet · large window

RecreationBasement4.28 × 3.70 m

window · pot lights · open concept

Bedroom 2Second4.09 × 3.24 m

b/i closet · large window

Dining RoomGround5.33 × 3.78 m

large window · overlooks backyard · combined w/living

Our TakeTeam Asgarian · Broker
A small discount is typical
$1.26Mlikely sale price

Listed at $1,288,000. 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 $1.26M, if it sells. A realistic range is $1.18M to $1.42M.

Independent value check: $1.42M. Without looking at the asking price, our model values the home itself about 10% above the ask (homes like it typically land between $1.33M and $1.49M).

Why $1.42M. 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 $6,564 a year; the typical home sold here pays about $5,800.
  • ▲ Raises itThe listing describes it as fully renovated or newly built.
List price
$1.18MBelow recent closings$1.42MAbove recent closings

Total price vs nearby homes. Likely closing about $1.26M, from 22 recent closings in this pocket.

The market behind the math:

22sold nearby · 90 days
$1.18Mmedian sold price
98%of asking, on average
−11%prices vs a year ago
~20 dayshomes like this take to sell
12days on market so far
$4,230/moest. rent · 25 leases
3.9%gross yield on the ask
Seller's market
Buyer's marketSeller's market

About 1.9 months of inventory: 14 detached homes for sale in the area against 22 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 $572/sqft against an area asking average of $596/sqft.

  • Corner lot. Two street frontages: more to landscape, shovel and mow, and more exposure to traffic, wind and headlights at night. Buyers price that against an interior lot on the same street, so I read this one on the cautious side and confirm the setting in person.
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 $1.42M. 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.

  • Finished basement: added living space, worth checking ceiling height and that the work was permitted. Value driver
  • Transit / schools nearby: convenience and resale support, verify the exact distances and school catchment. Value driver
  • Corner lot: more light and frontage, sometimes at the cost of privacy. Weigh carefully
Read this with carewhy it’s an estimate, not an appraisal

Below comparable homes on total price, yet the price per square foot ($572/sqft) is in line with the area, which usually points to a smaller or more efficient layout.

Based on 22 comparable homes that sold in Markham Village over the past two years, from 167 closings there.

Sold 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.

Oct 25Sep 26

Line: median sold price, each month averaged with its neighbours and weighted by closings. Bars: closings that month.

Month by month
MonthMedian soldClosings
October 2025$1.22M10
November 2025$1.38M11
December 2025$1.27M6
February 2026$1.38M7
March 2026$1.26M10
April 2026$1.25M9
May 2026$1.60M11
June 2026$1.08M9
August 2026$1.22M10
September 2026$1.14M8

Neighbourhood & location

Markham Village, 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.

Sherwood-Amberglen
$1.18M
Cornell
$1.34M
Greensborough
$1.20M
Wismer
$1.39M
Markville
$1.00M

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
$5,870/mo
$244KIncome needed
5.3×Price ÷ income
$1,355Weekly cost
$22,235Land 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 $5,870Property tax $547Total carry $6,417

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 16, 2026); conventional rates run a little higher.

years
years (your rate-locked period)
$5,697per month

Mortgage amount $1,030,400 · 4.49% over 25 years

$257,600Down payment (20.0%)
$1,030,400Loan before insurance
$0CMHC premium
$6,244Total monthly cost

Total monthly cost

Mortgage payment (monthly equivalent)
$5,697
Property tax
$547
Condo / maintenance fees
$0
Heating
$0
Estimated monthly cost
$6,244

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

One-time closing costs

Ontario land transfer tax
$22,235
Estimated closing costs
$22,235

Plus your down payment of $257,600. Legal fees, title insurance, and adjustments are extra and vary by deal.

Mortgage stress test

6.49%Qualifying rate
$6,896/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

$678,778Total interest paid
$1,709,178Total of all payments
Principal $1,030,400 Interest $678,778
YearPrincipalInterestBalance
1$22,994$45,373$1,007,406
2$24,038$44,329$983,368
3$25,130$43,238$958,238
4$26,271$42,097$931,968
5$27,463$40,904$904,504
6$28,710$39,657$875,794
7$30,014$38,353$845,780
8$31,377$36,990$814,403
9$32,801$35,566$781,602
10$34,291$34,077$747,311
11$35,847$32,520$711,464
12$37,475$30,892$673,989
13$39,177$29,190$634,812
14$40,955$27,412$593,857
15$42,815$25,552$551,042
16$44,759$23,608$506,283
17$46,791$21,576$459,492
18$48,916$19,451$410,576
19$51,137$17,230$359,440
20$53,458$14,909$305,981
21$55,886$12,481$250,095
22$58,423$9,944$191,672
23$61,076$7,291$130,597
24$63,849$4,518$66,748
25$66,748$1,619$0

At the end of your 5-year term

Total paid over the term
$341,836
Principal paid down
$125,896
Interest paid
$215,940
Balance remaining
$904,504

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 25 whole-home leases in Markham Village$4,230/mo
$50,760Gross annual rent
2.9%Cap rate after taxes and upkeep
$3,445 to $4,487Typical rent range

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 25 whole-home leases in Markham Village signed at a median of $4,133 a month; adjusted to this home for size, beds and baths, and for where rents stood the month each signed, that is $4,230. 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.

3.9%
Gross yield
− Property tax $6,564− Insurance $1,400− Vacancy & upkeep $5,584Net operating income $37,213

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

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